NextGear Capital & TradeBid
23 April 2025
NextGear Capital and TradeBid partnership streamlines dealer funding in Ireland
NextGear Capital’s partnership with cutting-edge digital marketplace, TradeBid, streamlines dealer funding for independent and franchise dealerships in Ireland (NI and ROI).
By combining NextGear Capital’s wholesale funding expertise and TradeBid’s advanced car buying and selling platform, this collaboration allows dealers to expand their inventory without upfront investment.
What are the benefits for dealers?
1. Improved inventory sourcing
In a competitive and evolving market, dealers utilising this partnership can source a larger volume of stock and diversify their forecourts to meet consumer needs.
From sourcing to inspections and vehicle logistics, TradeBid offers an easy-to-use end-to-end buying and selling solution. Paired with NextGear Capital’s vehicle funding solutions which provides the necessary cashflow, dealers can acquire much-needed stock without worrying about upfront costs.
2. Investment flexibility
Without the strain of funding new inventory, dealerships have the flexibility to invest in other areas of their business, helping them to remain competitive in today’s market. Whether it’s scaling their marketing, or training staff in EV discussions, dealers have financial freedom while still securing the most in demand vehicles to attract customers.
3. Seamless transactions
Dealers benefiting from NextGear Capital funding via the TradeBid platform have access to instant payments and 100% vehicle funding for up to 150 days, with all transaction and delivery fees included.
This seamless transaction simplifies the buying process, making it easier for dealers to source and secure stock, while having more resource to invest elsewhere.
The scale of TradeBid
Launched in 2021, TradeBid boasts an extensive network of 3,700 dealers across NI and ROI, allowing independent and franchise dealers access a wide range of stock from approved sellers.
With its advanced features including AI-powered condition reports, integrated vehicle logistic solutions, and transparent history checks, TradeBid utilises technology to ensure a streamlined buying process.
Not only that, but dealers can also list vehicles free of charge and are supported by dedicated territory managers to provide support and advice throughout the process, helping them navigate the platform and optimise their trading strategies.
The importance of stock funding for dealers
The vehicle landscape is more competitive than ever, meaning the ability to source the right stock at the right time is crucial for dealers. Yet with costs at an all-time high for businesses, expanding their stock and quickly responding to a dynamic market can feel daunting. Stock funding removes that cashflow pressure, reducing financial friction and allowing more investment for long-term growth.
Funding solutions allow dealers to remain agile and respond to market trends and opportunities, helping them meet the demands of a dynamic landscape.
This collaboration between NextGear Capital and TradeBid marks a significant milestone for independent and franchise dealers in Ireland. Thanks to flexible dealer funding solutions and an extensive vehicle digital marketplace, dealers can now source more vehicles to meet their business needs, without tying up cashflow.
Ready to enhance your stock sourcing strategy? Explore the benefits of this partnership by registering with TradeBid today.
Trusted by 1,700+ dealers
NextGear Capital Stocking Plans are tailored to the specific needs of used vehicle dealers. As a customer, you’ll work with an experienced team who understand your business and determine a facility that’s appropriate.
Why not book an appointment with your local Account Manager and find out how we can help you grow your business and maximise profits or learn more information about the benefits of wholesale stock funding
