Floor Planner Offers Relief

By Staff Writer April 29, 2020 334

As part of its ongoing response to the COVID-19 pandemic, NextGear Capital announced it will continue to support dealers by extending its initial dealer relief program.

 

NextGear is continuing to defer curtailment and extension payments for eligible floorplan advances – for all NextGear Capital dealers in good standing – through May 31, 2020. Within the first 30 days of NextGear Capital’s original relief package, NextGear Capital deferred more than 160,000 payments, providing assistance to more than16,000 dealers when it was needed most.

 

“After discussions with our dealers, we decided to continue the relief terms that were the most important, beneficial and meaningful to them and their businesses,” said Scott Maybee, president of NextGear Capital. “Our hope is that, between the relief package, our incredible staff and the resources we’ve put together online, we can help our dealers make it out on the other side of this unprecedented economic crisis.”

Rate this item
(1 Vote)
Last modified on Thursday, 30 April 2020 13:53

Trending News

LeasePlan Partners with YourMechanic

LeasePlan Partners with YourMechanic

Jun 04, 2020 Rate: 0.00

Kia Tops 45,817 in May

Kia Tops 45,817 in May

Jun 04, 2020 Rate: 5.00

Mazda CPO Sales Rise

Mazda CPO Sales Rise

Jun 04, 2020 Rate: 0.00