Independent inventory finance

NextGear Capital

Dealer-facing profile: typical fit, operational expectations, and official resources.

Best fit: Independent and franchise dealers that buy at auction and need broad source coverage (in-lane + online + off-street).

Watch for: Audit discipline, title control, and aging management. Self-audit options can still require tight internal controls.

What dealers should verify before applying

Eligible inventory types (retail, wholesale, salvage, specialty)
Advance rate rules (by unit type, age, mileage, and source)
Curtailment schedule and grace periods
Audit frequency and audit method (on-site, virtual, self-audit)
Title policy and exception handling
Fee schedule (interest, curtailments, late fees, audit fees if any)

Dealer tip: Floorplan performance is judged by net availability (availability after curtailments + audit exceptions), not the headline line amount.

Official resources

Source notes

Accepted at 1,000+ auctions and supports retail/wholesale/salvage/specialty units (per NextGear).

Rate & terms snapshot

NextGear Capital — key terms

Parent company	Cox Automotive
Best-fit dealer	Independent dealers; franchise dealers; BHPH dealers with clean licensing
Typical interest rate	Prime + 2–4.5%; rates vary by dealer profile and volume
Typical advance rate	80–100% of NADA/MMR wholesale value; salvage and specialty lower
Curtailment schedule	Typically begins at 60–90 days; accelerates to 100% at ~150 days
Typical min. line	No hard minimum; lines as low as $50K for new dealers
Audit method	Self-audit options available; physical audit frequency by risk tier
Best for	Independent dealers at any stage; dealers buying at 1,000+ supported auctions including Manheim, ADESA, and independents
Not ideal for	Dealers with persistent title problems or very high aged-inventory ratios

Dealer note: NextGear is the largest independent dealer floor plan provider in North America. It accepts inventory from more auction sources than most lenders. Self-audit options appeal to dealers who want to reduce audit friction — but self-audit still requires rigorous daily book reconciliation.

Rates and terms are estimates only. Always request a current quote from NextGear Capital before making decisions.

Common reasons floorplans get tightened

Issue	What it triggers	Dealer control
Title delays	Audit exceptions, reduced advances	Title desk workflow + document SLAs
Aging creep	Curtailments, higher carry cost	Aging caps + weekly aged-inventory review
Inconsistent reporting	Audit escalation	Daily book updates + reconciliation
Repeated late payoffs	Line reductions	Payoff cadence tied to sold log

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