NextGear Capital launches multi-channel finance portal

Cox Automotive Canada’s subsidiary, NextGear Capital, has launched a multi-channel funding portal to offer customers its convenient, point-of-sale inventory financing options, which are meant to help with the car buying process.

NextGear Capital is considered to be one of the world’s largest automotive inventory financing institutions. They teamed-up with online vehicle auction companies EBlock, TradeHelper and Otolane for the portal, which will be available through these partners.

“Bringing together these three leading online auctions on a single funding portal is an industry-first in terms of offering our clients best in class mobile and digital technologies to aid in the vehicle purchasing process,” said Jerome Dwight, National Vice President, Canada, NextGear Capital Corporation.

“Now clients will be able to view, bid and purchase vehicle inventory on any of these leading online auctions and seamlessly fund these purchases on their NextGear Capital credit accounts in a manner that is both convenient and secure,” he said.

The companies are working together to provide their customers with the ability to fully and instantly finance their vehicles across multiple channels, according to the news release.

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