NextGear Capital was announced as the new name for an inventory finance powerhouse created through the merger of industry leaders Manheim Automotive Financial Services (MAFS) and Dealer Services Corporation (DSC) on Feb. 1.
Former DSC President Brian Geitner will lead the newly-minted NextGear Capital as president, bringing his passion for serving the industry and his proven track record in building successful floorplan companies.
"Creating NextGear is a visionary endeavor," Geitner said, "because we are building a completely independent f loor plan company on the solid foundations of two great industry leaders with strong cultures of customer focus and service.”
The name NextGear Capital was chosen from dozens of researched options, according to Geitner, to reflect the leadership role the new independent company will play in moving the remarketing finance industry forward.
He added that NextGear will be able to offer customers more value by making the process of buying and selling inventory faster, simpler, and ultimately more profitable.
“I am extremely excited about what’s next for our customers,” Geitner emphasized. “With a broader offering of products and services, our industry-leading customer experience will serve the needs of dealers and auctions, alike.”
Geitner continued, “Our excellent staff and their high level of customer service are what make different us from any other finance company in the industry. We will continue to invest in leading technology to help our people and our customers shift ahead, one gear at a time, to the nextt level.”
NextGear customers will have access to their accounts in four convenient ways: dedicated Account Executives for in-person visits at their businesses, an advanced customer Service Center available 8 a.m. to 6 p.m. in all markets, and convenient access through online account managementnt and mobile floor plan applications.
"When you do business with NextGear,” said Patrick Brennan, group VP of Manheim Automotive Financial Services, “you get a lot more than just financing options. You receive a robust array of services and support to help you acquire and move your inventory.”
The combined customer base of more than 17,000 dealers and hundreds of auctions will enjoy a wider variety of customized inventory finance options for retail, wholesale, salvage and many specialties, including rental, heavy truck, RV and receivables financing.
NextGear’s corporate headquarters will be located in Carmel, Ind., where construction is currently underway on a facility to accommodate projected growth.
Visit nextgearcapital.com for more information about NextGear.