Making an application

To apply for a NextGear Capital Stocking Plan you need to be a member of The Society of Irish Motor Industry for insurance purposes.

For more information of becoming a member of SIMI please visit their website.

Your Trader Account Number (TAN) is issued by the Revenue Commissioners. 

If you would like to use a dual currency Stocking Plan to buy vehicles from our approved UK sources, you need to be TAN registered for VRT purposes.

For more information on how to become TAN registered click here.

A Personal Guarantee is a straightforward agreement, required to protect the assets of NextGear Capital.

As NextGear Capital retains title to the vehicles that you buy, it means that in the event of default by your business, NextGear Capital can lay claim to your assets, or the assets of a third party giving that guarantee, to settle any debt.

It's needed to enable us to claim our losses if our vehicles are sold by your business and we are not paid for them, or they cannot be recovered and sold by us for enough to recoup what we paid for them, as well as any charges or fees payable by you.

Applying for a NextGear Capital Stocking Plan is simple.

1. Once you have filled in our online application form we'll send you an email to let you know your application has arrived with us.
2. Your application will be passed to our On-Boarding Team.
3. Additional information may be required and we will contact you within two working days to request this. We may need further information that may include accounts and bank statements or other information about you or your business.
4. We may require a review of your premises prior to our formal assessment of your application. If this is the case, we will contact you in writing to advise when this will take place.
5. Once we have all the information we need, we'll make a decision.
6. If your application is approved, we will send you an email confirming approval. We will then email the Stocking Plan documents for you to sign, with any other documents that may be needed. For example a Direct Debit Mandate for to complete and sign. These should be signed and returned to us with proofs of identity (where required) and insurance documents.
7. We use DocuSign, an electronics signature software. This enables you to sign your Stocking Plan documentation electronically. All other documentation can be printed, signed and either scanned and emailed or faxed in return to us thus speeding up your Stocking Plan activation process.
8. Once we receive your signed documents and they have been satisfactorily reviewed, your account will be activated.
9. You'll receive an email with our digital Welcome Pack to help you get started and details of your Customer Service Welcome Call. The Welcome Pack will include the instructions to log on to the Stock Management System, WFS.
10. Our Customer Service Team will give you a Welcome Call to run through the system and any questions you may have.
11. All you need to do then is visit one of our partner auctions, as listed on our website, and start buying your new stock. Alternatively you can load a trade source vehicle onto your Stocking Plan.
12. Just let the cash office know you're a NextGear Capital buyer and they'll take care of the rest!

If you have any queries, please don't hesitate to get in touch with our Customer Service Team by calling 0818 000 092 or by completing the form below. 

If you rent your property, NextGear Capital may request a signed Landlord's Waiver.

The Landlord's Waiver is a document confirming that in the event of unpaid rent or charges, and that if he takes the premises back from you for non-payment of rent, he will let NextGear Capital recover its stock.

As NextGear Capital retains title to the vehicles you buy on your stocking plan, they can't be used to offset other debt, and NextGear Capital retains the right to repossess that stock if there is any default under the terms of your agreement.

If we ask you now how much it costs to stock individual vehicles or how much profit you’ve made when all costs are taken into consideration, like most dealers you might find it difficult to pinpoint a figure. 

But with NextGear Capital, you’ll be able to accurately work out the profit figure for every sale. Our payment structure is based on set fees, so you’ll know exactly how much each transaction will cost, however long it takes to sell the vehicle. Plus you can use our calculator to find out how using a NextGear Stocking Plan can help your business over a 12 month period as well as for an individual vehicle sale. 

You will be charged a set-up fee once your Stocking Plan is activated and a renewal fee for each annual renewal of your Stocking Plan. A fee is also charged each time our agents conduct a physical audit of your stock. The current audit frequency is monthly. 

 *100% of hammer price (auction purchases), or lower of CAP clean/invoice price (trade vehicles) + VAT funded on LCVs and qualifying vehicles up to the value of €90,000 

If we ask you now how much it costs to stock individual vehicles or how much profit you’ve made when all costs are taken into consideration, like most dealers you might find it difficult to pinpoint a figure.

But with NextGear Capital, you’ll be able to accurately work out the profit figure for every sale. Our payment structure is based on set fees, so you’ll know exactly how much each transaction will cost, however long it takes to sell the vehicle. Plus you can use our calculator to find out how using a NextGear Stocking Plan can help your business over a 12 month period as well as for an individual vehicle sale.

You will be charged a set-up fee once your Stocking Plan is activated and a renewal fee for each annual renewal of your Stocking Plan. A fee is also charged each time our agents conduct a physical audit of your stock. The current audit frequency is monthly.

Just call our Customer Service Team on 0343 50 60 600 or email us. We’ll then put you in touch with your Account Manager who will take you through the process of signing up to accept NextGear Capital buyers and answer any questions you have before you get started.

If you make your application online today, you can expect confirmation that we've received it within one working day. If we need additional information from you about you or your business, such as bank statements and financial statements, we will contact you within two working days. If you can provide all the necessary information, you can expect an on-boarding decision in a further two working days.

If the application is approved, all the necessary documentation and requests for information (such as insurance, proofs of ID/address, Landlords Waiver) should be with you within three working days. Once we have received and satisfactorily reviewed the required documentation, we will activate your Stocking Plan within five working days.