Help Topics: How does the Stocking Plan work?

In addition to the cost of the vehicle when sold (known as the ‘hammer price’) most auction houses charge fees on top – such as buyer fees, inspection charges, transport, and VAT on services. We refer to these costs as ‘disbursements’. When NextGear Capital pays an auction house for a vehicle you have bought on our behalf, the full invoice amount is paid. This covers 100% of the hammer price and any disbursements. 

We take these disbursements from your bank account by Direct Debit, once the vehicle is settled off your Stocking Plan. If you have any queries about the Direct Debits being taken from your bank account, please call our Customer Service Team on 0343 50 60 600. 

NextGear Capital operates on a fee-paying basis, so because you’re not borrowing money in the same way as a traditional loan, there is no APR. You become an authorised buyer for us and we retain title to the vehicle while you sell it.

You simply pay to use the service and you can calculate in advance how much it will cost to stock a vehicle for a period of time. 

1. Dealers become approved buyers with a rolling Stocking Plan limit and buy stock on behalf of NextGear Capital who retain title of the vehicle. 

2. Dealers can select vehicles to buy at partner auctions and online remarketing partners.

3. Auction partners will invoice NextGear Capital for purchases made by NextGear Capital dealers.

4. NextGear Capital will fund the vehicle hammer price and eligible fees such as delivery and indemnity fees. 

5. You’ll receive payment within three working days.

A NextGear Capital plan frees up your cashflow and gives you the buying power to stock more of the right vehicles. Whether that’s higher value models, larger volumes, or expanding into LCVs.

1. Once approved, start funding purchases with your Stocking Plan. NextGear Capital funds the purchase and retains title of the vehicle until it’s cleared.

2. You’ll have a rolling Stocking Plan limit set at an agreed amount above €50,000 for private and trade purchases.

3. Fund vehicles at partner auctions or online – these are called Auction Source purchases.

4. You can also add trade purchases and part exchange vehicles  – these are called Trade Source purchases.

5. Keep vehicles on your forecourt for up to 150 days.*

6. Fixed fees are payable at the start of the holding period and on interim payment dates.

7. A daily holding charge applies throughout the holding period.

8. Interim payments are required at 45, 75 and 105 days.

9. Clear the balance when the stocking period ends or when the vehicle sells.

 *Franchised dealer plan only. Independent dealer plan maximum stocking time is 120 days.