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NextGear Capital reaches 200,000 vehicle funding milestone

Pam Halliday, NextGear Capital

NextGear Capital has marked the milestone of 200,000 vehicles funded since it launched in 2014, hailing the stock funding business’s growth as “outstanding”.

The Cox Automotive-owned operation reached the landmark funding figure – related to vehicles with a total market value of over £1.4 billion – in November.

Now with a client base of more than 1,350 independent and franchise dealers sales and marketing director Pamela Halliday hailed NextGear Capital as having “seen outstanding growth over the past three years”, adding: “To reach this milestone is a fantastic achievement for the company and all the team members involved."

NextGear’s milestone in funding comes as the business gained recognition from the Institute of Customer Service and awarded its prestigious ICS ServiceMark accreditation, which it said was a signal of outstanding customer and employee engagement and satisfaction.

Rosemary MacDonald, customer service manager at NextGear Capital, said: 'We have been working towards this accreditation for over 18 months and I couldn't be prouder of the team here.

“Customer Service is at the heart of everything we do and to be recognised for that is a fantastic achievement for the business."

NextGear Capital also recently picked up the prestigious Best Specialist Commercial Lender award at the Commercial Finance Awards.

The event, which recognises successes in leasing, asset finance and commercial lending, champion industry leaders who continue to raise standards within the sector.

The win followed the GameChanger award received at the Car Finance Awards earlier in the year.

Halliday added: "The automotive market has seen a pressured 2017, yet we have been able to help over 1,350 dealers across the UK and Ireland purchase new inventory while freeing up their own capital to help enhance their businesses in other ways.

“We anticipate another record-breaking year in 2018 and are looking forward helping even more dealers to grow their businesses."

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