CARMEL, Ind. 2014 – During the recent 2014 National Auto Auction Association (NAAA) Convention in Boston, MA, NextGear Capital presented a $10,000 check to the NAAA Warren Young, Sr. Scholastic Foundation. The company, a member of the Cox Automotive Group, also made a significant contribution during the event’s Pedal Car charity auction, purchasing seven pedal cars to display around their corporate office. All proceeds from the auction went towards the scholarship foundation.
“As a company, we believe that our children are tomorrow’s leaders and we want to do our part in helping them achieve success,” said Brian Geitner, president of NextGear Capital. “We applaud the NAAA’s efforts to help provide educational opportunities for current and future generations and are proud to unite with them in this effort.”
The NAAA Warren Young Sr. Scholastic Foundation assists NAAA auction full-time employees, their children, stepchildren and grandchildren who plan to continue education in college or a vocational school. Up to three awards totaling $10,000 are awarded per year throughout the four NAAA Chapter office locations.
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At the recent NABD Conference and seminar, one of the key messages communicated was the importance of providing additional and necessary training to Buy Here Pay Here (BHPH) dealers across the country due to a change in regulatory environment. For many BHPH dealers, they have taken it upon themselves to put their own money on the street when they are unable to get a consumer financed.