NextGear Capital was announced last week as the name for a new inventory finance powerhouse serving more than 17,000 dealers and over 1,000 auctions across North America. Listen to Automotive Digest’s interview with Brian Geitner, President, NextGear Capital, in the video section below. NextGear Capital was created through the merger of industry leaders Manheim Automotive Financial Services (MAFS) and Dealer Services Corporation (DSC), which Manheim acquired in 2012. The company has become what the companies call the world’s most comprehensive provider of lending products and support services in the remarketing industry.
NextGear Capital boasts cutting-edge technology that allows dealers to floor plan vehicles from anywhere, at any time, with a versatile line of credit that works seamlessly at auction sites across the U.S. and Canada. Under the new company, customers will enjoy access to more pricing options than ever before, including customized inventory finance options tailored to suit their specific needs for a variety of floor plan purchases.
