Jump Start your Autumn Campaign with NextGear Capital

Use NextGear Capital to boost your stock and your profit!

At NextGear Capital we understand the challenges our dealers face daily, so the Jump Start campaign has been created to help improve profitability through business written over the next few months, culminating in a boost for the New Year.

How it works

Whether you use our Auction Source or Trade Source Facilities (or both!), Jump Start means that you could enjoy a great profit booster to help start the New Year as you mean to go on. All you need to do is keep maximising usage of your NextGear Capital Stocking Plan between now and the end of the year.

It's all based on utilisation - so the more you use your Stocking Plan, the bigger the Volume Rebate per vehicle you'll receive.

The tables below show that if you maintained an average of 80% of your Stocking Plan limit in use between now and 31 December, you'll receive a Volume Rebate of £5 per Auction Source vehicle and £15 per Trade Source Vehicle.

As an example, our average dealer Stocking Plan is £99,042. If we assume the following:
- average unit cost of £6,300
- average holding period of 31 days
- a 50/50 split between Auction and Trade Source
- an average utilisation of 91%
- the Stocking Plan is live for the full promotional period
Then our dealer could expect to receive a Volume Rebate of £1,040.

To check your current percentage utilisation at any time, just go to the Credit Lines section on your WFS system. Once the section is open, you'll see a column called utilisation percentage to the right - just remember that this figure includes any vehicles in the suspense queue and clearing and represents your utilisation today, rather than an average.

Auction Source - Standard First Transaction Fee £65

Trade Source - Standard First Transaction Fee £85

What do you need to do?

The simple answer is to just keep on using your Stocking Plan! We'll keep a record of how many vehicles you add to your Stocking Plan and calculate the Volume Rebate that you'll receive. It's based on an average utilisation percentage between now and the end of the year, so all you need to do is make the most of your Plan usage to maximise the Volume Rebate to you.

It couldn't be easier, but could be a great way to help you to Jump Start both your autumn stock levels and your profit for the New Year!

To find out more about the offer, just speak to your Account Manager or call Customer Service on 0818 000 092.

Rebate per vehicle offer applies to vehicles first put onto the NextGear Capital Stocking Plan between 00:01 on 9 September 2014 and 23:59 on 31 December 2014 ('promotional period'). The average utilisation percentage will be calculated as the average daily stocking plan balance over the promotional period as a percentage of the average daily stocking limit for that period, as taken from the WFS system. The resulting utilisation percentage will determine which percentage band in the tables above will apply. The relevant Auction or Trade Source First Transaction Fee rebate for that band will apply to all vehicles first put onto your Stocking Plan during the promotional period. The total rebate (if any) for all vehicles wil be shown as a single credit on you January 2015 statement and paid in February. Vehicles eligible for favourable terms under any other promotion will not be eligible for a rebate under this promotion but will still count towards the average utilisation percentage. 

Rebate available only to dealers who, during the promotional period have not had their NextGear Capital Stocking Limit suspended or terminated, or exceeded their Stocking Limit and who are not otherwise in breach of the Stocking Agreement and with whom NextGear Capital is not in dispute. This offer may be changed or withdrawn at any time without notice.

Stocking Plan is subject to status, terms and conditions. You must be a VAT registered dealer with physical retail premises.
NextGear Capital is registered in England and Wales. Registered office details: International House, Kingsfield Court, Chester Business Park, Chester, CH4 9RE.
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