Welcoming our El Paso dealers to meet with our team, share insights, and explore new ways to collaborate to enhance your business.
Where: Manheim El Paso
When: April 3rd, 2025; Sale starts at 10AM
Dealership success starts with an effective inventory acquisition strategy. Flooring purchases from a variety of inventory sources provides greater opportunities to diversify your inventory selection and find the right cars at the right price.
Here are just some of the places you can source inventory and finance with your NextGear Capital floor plan.
NextGear Capital is proud to work with over 1,000 auctions in the US, many with seamless checkout integrations that make financing as easy as a click of a button including Manheim, OVE, and Upside Direct.
Use our Auction Finder tool to locate the auctions in your region to keep you one step ahead of your competition.
To find the best deals, you may need to search in your own backyard, but don’t let lack of cash make you miss out on a good opportunity. NextGear Capital lets you floor almost any car, no matter how or where you acquire it.
NextGear Capital makes flooring non-auction purchases simple*
Learn more about how easy it is to fund purchases from Jordan Cox and Ashley Stockmann
Here are just a few places dealers find inventory outside the auction lane.
When customers are looking to trade in their vehicle for a new one, dealers can use the negotiation process to help secure a good price on the vehicle they’re trading in. Flooring a trade-in saves you not only time but money by letting NextGear Capital help you handle the consumer loan.
This quick infusion of cash comes with the bonus of not having to track down titles or worry about arbitration as you already have all the paperwork for the vehicles at your lot!
Eyeing inventory another dealer is struggling to sell? Or come across a vehicle a dealer is trying to offload? Put it on your floor plan! Whatever the situation is, your floor plan can provide you with the funding and flexibility you need to restock your inventory no matter where you find it.
Find cars directly from consumers in peer exchanges. This can be particularly favorable for vehicles needing reconditioning that are not a good fit for a consumer purchase in their current condition.
*Certain conditions apply. All rights reserved. Dealers should refer to the terms and conditions of their Demand Promissory Note and Loan and Security Agreement (“Note”), the applicable Advance Schedule and any other written agreements with NextGear Capital, for complete details, terms and conditions. NextGear Capital reserves the right to modify or terminate this offering at any time. For certain source options referenced, you must be set up for non-purchase money financing to be eligible. This offer has no cash value. All Advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
Real-world advice that dealers can act on today and all year
CARMEL, Ind. – February 12, 2024 – If the chaos of the last four years has taught us anything, it’s that predicting the future comes with uncertainty. Still, there’s plenty of data to suggest that 2025 will bring stable wage and credit conditions that keep demand strong.
Cox Automotive expects small gains in the used-vehicle market, despite limited availability. These top tips can help independent dealers seize the opportunities those trends may create.
“Our goal is to provide dealers with advice and solutions that help them thrive in any environment,” said NextGear Capital President Scott Maybee. “Our team members work alongside independent dealers every day, providing expert insights to help them make more informed decisions and drive profitability for their business. These tips reflect the knowledge, expertise, and value they bring to every client relationship.”
About NextGear Capital
NextGear Capital is the automotive industry’s largest independent inventory finance company, providing flexible lines of credit for dealers to purchase new and used inventory at over 1,000 auto and specialty auctions and other inventory sources throughout the United States. The company’s products and services allow dealers to floor plan nearly any type of remarketed unit, including retail, wholesale, salvage, and specialty. With a customer base of more than 18,000 dealers, NextGear Capital also provides a robust array of services and support that allow dealers to acquire and sell more inventory, including state-of-the-art online and mobile account management tools, title services, records management, and collateral protection. Headquartered in Carmel, Indiana, NextGear Capital is a Cox Automotive™ brand. For more information, visit www.nextgearcapital.com.
About Cox Automotive
Cox Automotive is the world’s largest automotive services and technology provider. Fueled by the largest breadth of first-party data fed by 2.3 billion online interactions a year, Cox Automotive tailors leading solutions for car shoppers, auto manufacturers, dealers, lenders and fleets. The company has 29,000+ employees on five continents and a portfolio of industry-leading brands that include Autotrader®, Kelley Blue Book®, Manheim®, vAuto®, Dealertrack®, NextGear Capital™, CentralDispatch® and FleetNet America®. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with $22 billion in annual revenue. Visit coxautoinc.com or connect via @CoxAutomotive on X, CoxAutoInc on Facebook or Cox-Automotive-Inc on LinkedIn.
As an independent dealer, you never know what challenges may come your way — inventory shortages, new expenses, dealership upgrades. That’s why we’ve enhanced our Flex Pricing terms to help you keep cash in-hand longer, and stay flexible through every phase of your dealership’s growth.
With Flex Pricing’s all-new terms, you can defer all payment of principal paydowns, floor plan-advance related fees, and interest on every vehicle you floor, from any source!* That means more cash flow, more buying power, and more flexibility.
No matter what type of vehicle you need to purchase, or where you need to purchase it from, Flex Pricing gives you the freedom to do it without the big upfront payments.
And with fewer payment events, you can spend less time managing your payments and more time acquiring the vehicles that will draw in new customers and power your success.
So, ready to Flex? Contact us, 888.969.3721 or your dedicated NextGear Capital Portfolio Manager to get started today!
Learn more about Flex Pricing.
*Certain conditions apply. All rights reserved. Flex Pricing is available only to eligible dealers with retail, wholesale, salvage, or heavy truck lines of credit with NextGear Capital who have signed the appropriate Advance Schedule(s). Eligibility is in NextGear Capital’s sole discretion. Interest, Floorplan Advance-related fees, and principal paydowns are deferred until the earlier of the last day of the final Period as stated on the applicable Advance Schedule, the day on which Lender declares a Maturity Event, or the day the Unit is sold. Dealers should refer to the terms and conditions of their Demand Promissory Note and Loan and Security Agreement (“Note”), the applicable Advance Schedule and any other written agreements with NextGear Capital, for complete details, terms and conditions. NextGear Capital reserves the right to modify or terminate this offering at any time. For certain source options referenced, you must be set up for non-purchase money financing to be eligible. Capitalized terms not defined in this disclaimer are defined in the Note. This offer has no cash value. Notwithstanding anything herein to the contrary, Flex Pricing is not available to New York, Rhode Island, South Dakota or North Dakota dealers. All Advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
Eligible accounts can now enable Self-audits right from the account portal! This all-new audit experience is available in the NextGear Capital mobile app and helps make auditing an easier, more streamlined process.*
Get started now:
Turn on your notifications in the NextGear Capital mobile app and look out for a push notification and email when your next audit has been scheduled. Check out our step-by-step guide and FAQs so you’re ready when a Self-audit is assigned to you.
Download the app
*All rights reserved. Certain conditions apply. All advances are subject to the terms and conditions of your Demand Promissory Note and Loan and Security Agreement and other Loan Documents with NextGear Capital. You are responsible for obtaining the cellular or wireless connection to access the NextGear Capital mobile app, including any data rates charged by your carrier. You are responsible for ensuring you have enabled push notifications for the NextGear Capital mobile app and to check the app regularly for any notifications. If an assigned self-audit is not completed successfully within the designated window, additional steps will be required and fees may be incurred. NextGear Capital reserves the right to modify or terminate this offer, without notice and at any time. For complete details, terms and conditions, please see your local NextGear Capital representative. All advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
**The announcement in the account portal and ability to enroll in Self-audits is only available if your account is eligible for Self-audits. Please contact our dedicated Customer Service team or reach out to your Portfolio Manager for more information.
As a lender, we have a responsibility to audit the vehicles on your floor plan, but we also want to make the audit process as efficient as possible. That’s why we are introducing self-audits in the NextGear Capital mobile app — a powerful new audit experience that allows our dealers flexibility to complete audits with less disruption to their operations and avoid certain audit fees.
NextGear Capital self-audits will exist in conjunction with traditional auditor visits, in order to provide every client with an audit experience that fits your dealership’s unique profile. Therefore, you may still see your friendly auditor from time to time.
If you are assigned a self-audit, you’ll complete the entire audit process in a few simple steps in the NextGear Capital mobile app. Just sign in to the app, take the three required vehicle photos for the vehicle being audited, and upload them. That’s it! Any vehicles you successfully self-audit will get marked as completed in real-time, so you can audit fast, stay compliant, and keep your business running efficiently. Check out our step-by-step guide for more details on the self-audit process.
So make sure to download the NextGear Capital mobile app today, and start making vehicle audits a snap in the app!
Interested in getting started now with self-audit? Email our Customer Service team
*All rights reserved. Certain conditions apply. All advances are subject to the terms and conditions of your Demand Promissory Note and Loan and Security Agreement and other Loan Documents with NextGear Capital. You are responsible for obtaining the cellular or wireless connection to access the NextGear Capital mobile app, including any data rates charged by your carrier. You are responsible for ensuring you have enabled push notifications for the NextGear Capital app and to check the app regularly for any notifications. If the self-audit is not completed successfully within the designated window, additional steps will be required and fees may be incurred. NextGear Capital reserves the right to modify or terminate this offer, without notice and at any time. For complete details, terms and conditions, please see your local NextGear Capital representative. All advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
Self-audit, now available to select dealers in the NextGear Capital mobile app,* allows you to audit vehicles on your own in just minutes. Designed to keep your lot compliant and your business running efficiently, this streamlined audit experience is fast and easy. Simply take vehicle photos with your mobile device, and upload them within the provided window.
How it works
Watch for open audit alerts in the form of a push notification from the mobile app and an email starting the 48 hour window to complete the audit.
Tap on the push notification or log in to your NextGear Capital app to initiate your self-audit from the Audits To Complete tile on your dashboard.
Select a vehicle from your inventory list to begin each audit.
Follow the prompts to upload required photos and complete each audit.
Repeat for all remaining vehicles on the audit list until complete.
Download the app today!
Need help? Email our support team
Interested in getting started with self-audit? Email our Customer Service team
*All rights reserved. Certain conditions apply. All advances are subject to the terms and conditions of your Demand Promissory Note and Loan and Security Agreement and other Loan Documents with NextGear Capital. You are responsible for ensuring you have enabled push notifications for the NextGear Capital app and to check the app regularly for any notifications. If the self-audit is not completed successfully within the designated window, additional steps will be required and fees may be incurred. NextGear Capital reserves the right to modify or terminate this offer, without notice and at any time. For complete details, terms and conditions, please see your local NextGear Capital representative. All advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
What is NextGear Capital’s Self-Audit?
NextGear Capital is revolutionizing the audit experience by introducing Self-Audit, allowing you to audit floored inventory using the NextGear Capital mobile app.
• Ease of Use: More convenient & streamlined audit processes easily completed from the convenience of the NextGear Capital mobile app.
• Self-Service: Audit your own inventory within 48 hours of the push notification and email referenced below.
• Control Costs: Take more control of fees that may be incurred in the current audit process by completing Self-Audits.
Are there fees associated with Self-Audit?
No. Self-Audit allows you to take more control of fees you might incur as part of the current audit process.
How are Self-Audits conducted?
Log into the NextGear Capital mobile app, scroll to the Audits tile on your dashboard and tap the tile that shows the number of units To Complete. Select a vehicle from your inventory list to begin an audit. Simply follow the prompts to take/upload the required photos and complete the audit. Repeat the same process for any remaining vehicles on the audit. It’s that simple!
If I complete a Self-Audit, will I still have an auditor visit my lot?
A complete and successful Self-Audit will satisfy the audit requirement for that audit period. That may mean you won’t see an auditor that month. However, Self-Audit does not guarantee that you will never see an auditor in-person again.
How will I know when it’s time to self-audit?
You will receive a push notification from your NextGear Capital app and an email alerting you of an audit due on your account. You will have 48 hours from the time stamp on those alerts to complete your Self-Audit. It is your responsibility to enable push notifications from the NextGear Capital app in your device settings and check regularly for updates and notifications.
Do I have to use the NextGear Capital app?
Yes. If you do not have the app, you can download it free from the Apple App Store or Google Play. If you already have the app downloaded just ensure you are on the latest version and have enabled push notifications.
How long will I have to complete a Self-Audit?
You will have 48 hours from the time stamp on the push notification and email alerting you of an audit being due, within which to complete the Self-Audit.
Do I have to complete Self-Audits?
Yes, if you are assigned a self-audit, it is required for you to complete the audit in the 48 hour window. Any vehicles not successfully audited will be marked as unverified and require post-audit reconciliation.
Who do I contact if I need help with the Self-Audit?
You may reach out to your NextGear Capital Representative or our dedicated service team to assist with any questions regarding Self-Audit. You can reach them at ngc.customerservice@coxautoinc.com.
Can I delegate authority to complete the Self-Audit to an employee or other individual?
There is no current process to support the delegation of account management.
What if I am unavailable or out of town when the Self-Audit is assigned?
If you know you will be out of town for longer than 48 hours, you will need to contact NextGear Capital in advance. If there is an emergency that prevents you from completing the Self-Audit after it has begun, contact us to request a deferral. Failure to notify your NextGear Capital Representative or our dedicated service team may result in the loss of Self-Audit privileges.
How do I enable push notifications & location services?
iPhone Users Push Notifications
1. Go to Settings and tap Notifications.
2. From the list of apps under Notification Style, select the NextGear Capital app.
3. Turn on Allow Notifications, choose the alert style and when you want the notifications delivered.
iPhone Users Location Services Android Users Location Services
1. Go to Settings > Privacy & Security > Location Services.
2. Use the toggle next to Location Services to turn on.
Android Users Push Notifications
1. Go to Settings, tap Notifications > App Settings.
2. Tap All apps and tap the NextGear Capital app.
3. Turn on notifications, choose from the sound and notification types you prefer.
Android Users Location Services
1. Swipe down from the top of the screen twice.
2. Tap the Location icon to turn on.
*All rights reserved. Certain conditions apply. All advances are subject to the terms and conditions of your Demand Promissory Note and Loan and Security Agreement and other Loan Documents with NextGear Capital. You are responsible for ensuring you have enabled push notifications for the NextGear Capital app and to check the app regularly for any notifications. If the self-audit is not completed successfully within the designated window, additional steps will be required and fees may be incurred.NextGear Capital reserves the right to modify or terminate this offer, without notice and at any time. For complete details, terms and conditions, please see your local NextGear Capital representative. All advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
Cars and credit are only part of the floor plan experience. To truly succeed in the modern marketplace, dealers need modern tools to help maximize every vehicle in inventory, and every dollar in their account. That’s why NextGear Capital has enhanced the customer account portal for faster workflows, smarter flooring decisions, and a more streamlined experience across all platforms. Whether accessing the account portal through the app, desktop, or mobile browser, dealers can now manage their floor plan easier than ever, and keep their dealership growing.
This isn’t just a surface-level redesign. The account portal’s fresh new look has been carefully built with convenience and ease-of-use in mind. Dealers will find that critical floor plan information like due titles, audit updates, and upcoming payments are now clearly laid out on the home dashboard, so they can see anything that needs their attention at a glance. The new navigation bar also gives customers fast access to the most commonly viewed floor plan insights, with reports, vehicle valuations, and advanced analytics all just a click away.
While the more user-friendly layout lets dealers work faster, the account portal overhaul also includes optimized features that lets dealers work proactively. The all-new inventory by age view shows dealers how long inventory has been on their floor plan right on the home page, so they can instantly see which vehicles they need to move on, and price cars to maximize their potential. The flooring wizard has also been revamped for an even cleaner view.
For customers who access their account portal multiple ways, working across app, desktop and mobile browser is a much more cohesive experience. Audit progress is now automatically synced on all your devices, so you can get more vehicles through the verification faster and from anywhere. Plus, visual layouts and menus are now aligned across all platforms for easier navigation.
NextGear Capital’s top priority is empowering independent dealers like you, and the all-new account portal experience has been made with customer feedback top-of-mind. So, what are you waiting for? Log in and see how account portal’s added power and convenience can help your dealership succeed!
CARMEL, Ind. – June 10, 2024 – It’s not often you hear the words innovation and audit in the same sentence. However, NextGear Capital is challenging that perception by creating a new self-audit feature within its mobile app. Clients will be able to audit their floor planned inventory on their own, giving them greater control of the auditing process. This approach is built on giving clients the tools they need to succeed, while reinforcing the trust between NextGear Capital and its clients.
“We’re listening to our dealers and meeting them where they are by providing more self-service options to make it easier and faster to do business with us,” said Scott Maybee, president of NextGear Capital. “This enhancement is another way we are investing in our dealers and innovations like our mobile app to deliver a better customer experience.”
Since NextGear Capital launched its mobile app last June, it has exceeded expectations with a nearly 67 percent dealer adoption rate. The app has become a useful resource for independent dealer clients to view their account information quickly and easily in real-time and take action in an increasingly connected marketplace.
How It Works, Benefits Dealers
This solution, created in partnership with Sopra Banking Software, gives dealers greater control to manage the auditing process themselves. Self-auditing gives dealers back time to focus on their clients, operations and inventory sourcing. When notified of an open audit, dealers have the flexibility to perform their audits at their convenience within a 48-hour time frame. The self-auditing capability is a component of NextGear Capital’s overall audit strategy.
Clients piloting the new self-audit feature have found it fast and simple with 95% of surveyed users responding that the process is easy to use. “It was very easy to access and follow,” said a dealer from Colorado. A Southern California dealer shared, “I’m in control — I don’t have to do it first thing in the morning or even in the afternoon.” Feedback from the pilot will be used to enhance the experience for dealer clients.
What’s Next
NextGear Capital is testing the self-audit feature in phases and will continue expanding it to more users throughout the summer.
Dealers interested in learning more about self-auditing and how to maximize this feature and others on the mobile app can contact their portfolio manager or visit the NextGear Capital team onsite at NIADA in Las Vegas June 17-20.
