NextGear Capital, a provider of lending products for the automotive remarketing industry, has announced a new partnership with AuctionACCESS, a dealer credentialing services provider. Through the use of the AuctionACCESS system, auctions have the capability to show dealers updated credit availability before they enter the auction lanes, both physical and online. This automated system will allow auctions to quickly and efficiently originate floor plan transactions for their dealer customers.
The new relationship demonstrates NextGear Capital's continual efforts to improve and simplify services for their customers. "NextGear Capital is constantly searching for ways to take our customers and their businesses to the next level. This integration reflects that commitment by simplifying the buying process at the auction," stated NextGear Capital CIO Chris Brady.
"We are excited to partner with NextGear Capital on providing automated credit availability to the auctions," said Chuck Redden, President of AutoTec. "This process will make it easier for NextGear Capital dealers to do business at the auctions, and this partnership is a big step in creating an industry-wide automated floor plan solution."
With more than 240 auctions currently using the AuctionACCESS system, dealers will benefit with simplified and quicker access to auction lanes. The transmission of floor plan data and verification of credit availability benefits auctions, dealers and floor plan funding providers.