- Shoreham’s used vehicle buyers excited at new Stocking Plan
- Paperless system works well for both auctions and buyers
Shoreham Vehicle Auctions (SVA) is the first independent auction company to sign up to the new NextGear Capital Vehicle Stocking Plan. SVA believes the Plan will transform the way used vehicle dealers buy and manage their stock and in turn will help the auction sell more cars.
“As soon as we sat down with the NextGear Capital team and understood their vehicle stocking proposition we immediately signed up to it,” explained Alex Wright, SVA’s managing director.
“We have already launched the scheme to buyers at a couple of recent sales and the reaction has been very positive. The scheme’s ability to free up their working capital to buy, stock and sell more used vehicles is their main reason for becoming a NextGear Capital customer. A number of buyers have already signed up and are genuinely excited about the new Plan.”
As an official partner, SVA’s auction system will automatically add vehicles to the dealer’s Stocking Plan when they elect to pay using NextGear Capital. This unique, paper-free system means that the transaction is processed in an instant at the push of a button by the cash office. The dealer can then view its stock holding online 24/7 via NextGear Capital’s Stocking Plan system.
NextGear Capital’s systems automatically process the purchase and the auction partner is paid directly for the vehicle.
“Our staff have received training on the system and the first few buyer purchases have gone through quickly and efficiently,” said Wright.
