Category: Nextgear Capital
Nextgear vs the Wholesalers
I have been receiving a rash of complaints lately from Wholesale auto and truck sellers who floorplanned with Nextgear. It seems the Nextgear model of requiring periodic inventory checks at the dealer’s place of business doesn’t mesh with typical wholesaling practice where vehicles are physically located in warehouses or out on consignment. This has the […]
An update regarding Nextgear Capital
I received four calls today from dealers involving Nextgear Capital. All of the dealers felt Nextgear treated them unfairly. Two of them wondered if I was planning a class action against Nextgear. The answer is no. Nextgear writes very tough, tight contracts. Some things that dealers think are unfair are allowed buy the contract. […]
My Accidental Practice Area Representing Out-of-State Dealers against Floorplanning Companies
The vast majority of my practice involves representing consumers bringing claims under consumer protection statutes like he Fair Debt Collection Practices Act, Fair Credit Reporting Act, Credit Services Organizations Act, Telephone Consumer Privacy Act, and more. Recently, as it so happens I have been contacted by multiple individuals who have needed help because were alleged […]
Were you sued by Nextgear Capital, Inc. in Hamilton County, Indiana?
Nextgear Capital, Inc. is a company that provides floorplan dealer financing for car and RV dealers. Nextgear has grown rapidly, and it finances a lot of dealerships, especially small dealers. It appears that Nextgear also sues a lot of dealers. Although I usually represent car buyers, not dealers, it just so happens that int he […]