Newcomer to the Credit Industry Credit Excellence Award - NextGear Capital UK
We’re delighted to have won the ‘Newcomer to the Credit Industry Credit Excellence Award’ on Tuesday evening! Having become quickly established as a real judge of excellence in the industry, it’s a real honour to win one of only eight Credit Excellence awards.
We submitted our application for the award feeling that our new stock funding approach for UK motor retailers, which has so far provided over 600 dealers with credit lines of over £80m was both innovative and unique!
Our approach combines auction and wholesale partners with used vehicle dealers who have funding readily available to encourage growth in the motor industry. Having a consumer centric approach, our team always has our customer top of mind as we continuously develop our streamlined processes to make dealer stocking simplified. This has been well timed with our focus on Customer Service Week as part of the Institute of Customer Service National Customer Service Week. More information on this coming soon!
"Payment to us is guaranteed and fast, which means any dealer using NextGear Capital is welcome to buy at FLAG!" - Andrew Walker, The Fleet Auction Group.
“For me, the best thing about the plan is that NextGear Capital don’t require any reciprocal business. That means I can negotiate with the retail finance providers to make sure I get the best possible deal for my company – earning more by agreeing favourable rates and terms with my finance provider. It’s also a good opportunity to make sure I comply with the FCA rules and that’s a big benefit.” Paul Stephenson, Silverlink Specialist Cars/Lotus Newcastle.
There’s no sign of us slowing down either. In a rapidly changing market; regulation, fluctuating car and LCV values and digitisation, we are embracing these challenges and are growing significantly by taking a long term strategic view of the external market forces and by investing in our people and processes.