ATLANTA – To provide dealers with new digital solutions for driving greater efficiencies, Manheim and NextGear Capital are offering an added incentive for buying Manheim Express inventory through any of Manheim’s digital channels. For any vehicle listed through Manheim Express, dealers using a NextGear Capital floor plan to finance their purchases will get 45 days for $0 and flat 0% interest rate*.
“At Manheim, we’re always looking to make our buyers’ and sellers’ lives easier,” said Derek Hansen, vice president, Offsite Solutions at Manheim. “This new Manheim-NextGear Capital promotion encourages clients to check out the great inventory dealers list through Manheim Express while simultaneously easing the first 45 days of their floor planning demands.”
To be eligible for this promotion, dealers must purchase vehicles marked as a Manheim Express unit through any of Manheim’s digital channels, including the Manheim Express app, Manheim.com, the Manheim mobile app, or OVE between March 1 – April 30, 2019 and floor plan the purchase with NextGear Capital. If on day 46, the unit is still floor planned, it will roll over to the dealer’s contracted term plan with NextGear Capital. As such, the promotion is available only for dealers who have NextGear Capital retail or a wholesale line of credit to use.
This promotion is part of Manheim’s continued efforts to provide dealers with innovative solutions to help them save time and reduce risks when it comes to buying and selling vehicles at wholesale. Manheim has committed to investing more than $100 million in its digital solutions through 2019 to meet growing demand from dealers. Digital buyers now account for almost half of all vehicles sold through Manheim auctions.
Dealers taking advantage of the NextGear Capital promotion will be able to see first-hand one of the latest updates to Manheim Express: the new Buyer Experience inside the mobile app, which gives dealers fast, easy and self-service access to fresh inventory priced to move. Key benefits for dealers purchasing inventory listed through the Manheim Express app include:
For more information on the Manheim Express-NextGear Capital 45 day, $0 promotion, visit www.nextgearcapital.com/manheimexpress.
*Note: Promotion terms are 45 days, no fee, no interest. Promotion applies to dealer’s floor plan fee, term and interest only. All other charges and terms pursuant to your Demand Promissory Note and Loan and Security Agreement (your “Note”) and any other agreement with NextGear Capital apply. At the end of the 45 day promotion, eligible Advances will be rolled over to dealer’s contracted terms upon payment of 0% principal reduction, accrued interest, fees and charges. Promotion available only for purchases of Manheim Express inventory (that are specifically labeled as such) made through the OVE platform by a contracted NextGear Capital dealer using their retail and/or wholesale NextGear Capital line of credit only on the date(s) specified above and contemporaneously floor planned with NextGear Capital. Dealer must be in good standing with NextGear Capital with available retail and/or wholesale credit available solely from NextGear Capital and originated from the Discover System, to be eligible for incentive. To the extent an eligible purchase is otherwise eligible for another NextGear Capital event sale or promo (including the inactive dealer promotion), these event sale terms shall apply. This offer has no cash value and cannot be combined with any other offer. NextGear Capital reserves the right to modify or terminate this offer at any time. Except as otherwise provided herein, all Advances are subject to the Terms and Conditions of your Note with NextGear Capital. Please see your local NextGear Capital representative for complete details. Not available to South Dakota dealers. All advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
About Manheim (www.manheim.com)
Manheim® is North America's leading provider of end-to-end wholesale solutions that help dealer and commercial clients increase profits in their used vehicle operations. Through its physical, mobile and digital sales network, Manheim offers services for inventory management, buying and selling, floor planning, logistics, assurance and reconditioning. With its omni-channel approach, Manheim Marketplace enables wholesale vehicle clients more efficient ways to connect and transact business how and when they want. Approximately 17,000 team members help Manheim offer 7 million used vehicles annually, facilitating transactions representing nearly $61 billion in value. Headquartered in Atlanta, Manheim North America is a Cox Automotive™ brand. For more information, visit http://press.manheim.com.
About NextGear Capital
NextGear Capital is the largest independent inventory finance company in North America, providing flexible lines of credit for dealers to purchase new and used inventory at over 1,000 auto and specialty auctions and other inventory sources throughout the United States. The company’s products and services allow dealers to floor plan nearly any type of remarketed unit in automotive retail, wholesale, salvage or specialty. With a customer base of more than 20,000 dealers, NextGear Capital also provides a robust array of services and support that allow dealers to acquire and sell more inventory, including state-of-the-art online and mobile account management tools, title services, records management and collateral protection. The company is headquartered in Carmel, Indiana and is part of the Cox Automotive group of companies, which includes Autotrader, Kelley Blue Book, Manheim and vAuto. Visit nextgearcapital.com to learn more.
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