NextGear Capital Connects Independent Dealers With A Custom Vehicle Protection Program
Ohio Pen/10229856

CARMEL, Ind. - OhioPen -- NextGear Capital is now able to connect its clients with a custom-built retail vehicle protection program aimed at helping independent dealers be more profitable and competitive in the retail automotive marketplace. Leveraging the collective scale of NextGear Capital's dealer client base, Titan Warranty Administration's Maximum Vehicle Protection Program ("MVP Program") offers a dealer-direct, innovative protection program exclusively for NextGear Capital clients.

"We are always looking for ways to help our clients succeed, whether it's through the enhancements we offer or connecting them with other leading brands to further growth and profitability," explained Scott Maybee, president of NextGear Capital. "In today's competitive retail automotive space, vehicle protection programs can provide independent dealers another way to make more money on every vehicle sold as well as provide a positive retail customer experience that creates buyer confidence."

NextGear Capital collaborated with Titan Warranty Administration to bring the idea for a reimagined retail vehicle protection program from concept to reality. Nearly a year in the making, TWA's MVP Program offers best-in-class features such as a custom "Why Buy Here" program that includes discounted products, award-winning claims management technology, limited dealer chargebacks, first-in-market policy transfers, and several other key features that historically have been available only to franchise dealers or very large independent dealerships.

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"We are excited to join forces with NextGear Capital to develop a warranty program specifically for the independent auto dealer market. MVP gives NextGear Capital dealers the competitive edge they need to thrive in today's marketplace. With its best-in-class features and competitive value-based pricing, MVP is a win-win for dealers and their customers," said Rex Lyon, CEO of Titan Warranty Administration.

In addition to reaping the benefits of added profitability on each retail sale and increased customer satisfaction, NextGear Capital clients who take advantage of TWA's MVP Program will also have the opportunity to receive additional financial incentives.* During the program's 11-market pilot phase in April, nearly 80 percent of clients who were approached about the offering enrolled in the program. The MVP Program is scheduled to be available to NextGear Capital clients nationwide beginning in August.

"It's never been more important for independent dealers to build upon their value proposition by offering customers what they need and making the ownership experience easier for them," Maybee added.

About NextGear Capital
NextGear Capital is the automotive industry's largest independent inventory finance company, 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 North America.  The company's products and services allow dealers to floor plan nearly any type of remarketed unit, including retail, wholesale, salvage, and specialty. With a customer base of more than 21,000 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. Headquartered in Carmel, Indiana, NextGear Capital is a Cox Automotive™ brand. For more information, visit www.nextgearcapital.com.

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*Certain conditions apply. All rights reserved. Financial incentives available only for dealers in good standing with NextGear Capital, Inc. and Titan Warranty Administration, Inc. who are enrolled in the TWA MVP Maximum Vehicle Protection Program ("MVP Program"). TWA reserves the right to modify or terminate the MVP Program and TWA and NextGear Capital reserve the right to modify or terminate the associated financial incentives at any time without notice. Please contact your NextGear Capital representative for complete details. All Advances made in California by NextGear Capital are made pursuant to NextGear Capital's California Finance Lender License #603G505.