Motorway has partnered with NextGear Capital to launch comprehensive stock funding capabilities with the aim of providing dealers with greater control over cash flow.
The partnership will improve the process of buying high-quality, privately-owned stock, improve cash flow and accelerate dealer growth.
James Wilson, COO of Motorway, said: “Our platform is all about simplifying the often complicated and time-consuming process of acquiring high-quality stock.
“Be it hassle-free transport with Motorway Move or peace of mind mechanical insurance cover with Motorway Protect, we’ve always sought to support dealers in growing their businesses.
“With this partnership and the funding it will enable dealers to access, we’re taking it a step further by addressing the financial barriers many face when acquiring the stock they need.”
Dealers can now secure 100% of vehicle costs and acquisition fees from their Motorway account.
Motorway’s payment process already reduces admin time by up to 13 minutes per transaction. Integrated stock funding from NextGear Capital will further reduce admin time for dealers.
Darren Mornin, MD of NextGear Capital, said: “As we know securing a reliable, sustainable supply of vehicles remains a top priority for dealers and we are committed to expanding our auction network in support of this.
“Partnering with Motorway unlocks a whole new opportunity for our customers to fund purchases from a wider pool of vehicles than ever before.”
Dealers will be able to access NextGear Capital stock funding services directly through the Motorway platform from today. More details can be found here.
