Nextgear Capital Reviews

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business fees floor dealers car plan floor plan money auction cars
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New Reviewer
I was using NEXTGEAR as a floor plan for the first year and a half of my business. I never missed a payment or curtailment and was in good standings. My rep took another position and left the NEXTGEAR. They sent a rep from Indiana to visit dealers and fill in while the...
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3 comments
#1731336

They are a RIP OFF , bad people, corrupt I am having the same situation. they just came and took my cars

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ID
#1515909 Review #1515909 is a subjective opinion of poster.
Location
Clay, Indiana
Reason of review
Poor customer service
Loss
$60000
Preferred solution
Making people aware of bad business practices.
New Reviewer

Got taken by nextgear capital bad complaints

Nextgear Capitol is the worst thing that has happened to me in 25 years of the car business. The sale people will mislead you and the contract is one for a lawyer to view before signing. Any good lawyer would likely advise not to enter into their contract as it leaves you in a significant disadvantage. To begin with you, "in a nut shell", have granted them the ability to call most all the shots as well as waiving your legal rights that you have by law up until you signed them away in their tactfully written legal contract. They also make it so all litigation is to be handled from the superior Court of Indiana. In other words if you live in any other state in the country you will need to fly Indiana and hire an attorney as well as a place to stay. This is if any litigation was to happen. If you take them to court or the no re likely they take you to court. When you likely don't or can't make it guess what you lose by a default judgement. If I was to say I could offer you 1% interest plus fees sounds pretty good that isn't? until you realize the plus fees could end up being that you're paying 100 or 200% hundred pecent APR. I had thousands of dollars worth of payments due on cars that I hadn't even sold yet literally hundreds upon hundreds of dollars worth of fees every other day or several times a week on very inexpensive 1000 and $2,000 vehicles

User's recommendation: STAY THE *** AWAY!!!!!!

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1 comment
#2004046

Translation: I wasn't smart enough to know I was too dumb to understand a business contract, went the cheap route instead of having an attorney do a read, and not I'm whining like a baby. Thanks for the what NOT to do if you're running a business post..

ID
#1862763 Review #1862763 is a subjective opinion of poster.
Pros
  • Quick finance of autos
Loss
$80000
Preferred solution
Quit misrepresenting loan
New Reviewer

Title issue

A title with the last six of the Vin # 522258 Was signed in Error by Next gear staff, now i need the statement of fact correction explaining the error. So i can be able to make the transfer. Please can you send it by fed ex as soon as posible. The address is 1023 E SOUTHCROSS BLVD SAN ANTONIO TX 78214.
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ID
#1857009 Review #1857009 is a subjective opinion of poster.
Location
San Antonio, Texas

RUN!!!!

This is the worst company on earth bottom line
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ID
#1822642 Review #1822642 is a subjective opinion of poster.
Location
Madison, Connecticut

Terrible company to use for flooring

Hey it’s really crazy because I just had a bad experience with them also. My rep wanted to control my business as if she personally lending money. I complied with everything they asked me to do which I just signed up about a month and a half ago and she’s been sending my company through *** and back. I explained to her I had cars already with finance completed and I needed the pink slips to finalize financing and she still want to lock my account and say she haven’t received certain documents which they had everything that was requested and still would release title so now I have customers that has these vehicles but isn’t fully financed. DO NOT USE THIS COMPANY
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ID
#1688691 Review #1688691 is a subjective opinion of poster.
Cons
  • Are theives
  • Fraudulent behavior
  • Fraudulent business practices
Reason of review
Reps with poor services and they try to ruin your business if you allow them to they will.
Preferred solution
Deliver product or service ordered
Please beware of Nextgear Capital, in the long run they will bury you and you will go broke. Their floor plan sounds great, but with all the fees they tack on it all adds up. If you get behind you will have a hard time catching up. Nextgear Capital is a cut throat...
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1 comment
#2004049

"Even if you decide to pay them" So, you have to "decide" to pay them in order to honor your contract? This next to using the famous serial dead beat phrase "work with us" shows you're a loser who can't manage a business.

What issues did you want to resolve other than paying them?

It's OK to say you were too broke to pay. At least that's honest....

ID
#1681725 Review #1681725 is a subjective opinion of poster.
Location
Phoenix, Arizona
New Reviewer

Charging late fees when you were not late.

This company stole thousands from me with there late fees that aren’t late program . I’m looking for other dealers that got taken like I did for a possible class action lawsuit please email me @ jsilv577@***.com
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ID
#1665080 Review #1665080 is a subjective opinion of poster.
Cons
  • Unfair high unexplainable fees increased fees no notification
Reason of review
Charged me thousands in hidden late fees when I wasn’t late
Loss
$20000
Preferred solution
Full refund

Dishonest

Very bad, will not work with you in any way
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ID
#1660989 Review #1660989 is a subjective opinion of poster.
Location
Las Vegas, Nevada
New Reviewer
NEXTGEAR CAPITAL HELP MY BUSINESS GROW
BEEN USING THEM FOR ABOUT A YEAR NOW`. BEEN IN BUSINESS FOR ABOUT SIX. WAS ONLY USING MY OWN CASH TO STAY ABOVE GROUND. APPLIED FOR A FLOOR PLAN WTIH ANOTHER COMPANY AND THEY DENIED ME.WENT TO NEXTGEAR AND THE REP WAS HELPFUL AND TOLD ME HE WOULD MAKE SURE I GET A...
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3 comments
#1760117

One day they will screw you over. Trust me.

I know. I had to filed bankruptcy because of these ***

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ID
#1649187 Review #1649187 is a subjective opinion of poster.
Location
Clay, Indiana
Service
Nextgear Capital Loan
Pros
  • Buying power easy understandable terms
Cons
  • None at the time
Reason of review
Exactly as described/ advertised

Discriminated and pissed

I been doing business with next gear capital for 2 years.. I have been hung up on and told I’m tired of you calling.They try to run you out of business with there lawyers and scare tactics.Paid my balance in full and still haven’t received access to the auction. I was handled like my business don’t matter. I was a victim of identity theft and my bank account had to be frozen.For this I was put in default and wasn’t allowed to buy cars at any auction. I was assigned a default manager from next gear capital to handle the account.His name is Dave Edwards.He is very rude and seems as if he doesn’t like African American people. I was talked to very rudely and couldn’t ever speak my peace. I advise you to stay away from this company.Its a one way road and you can’t win.Im seeking legal action to see if something can be done about this..I feel very disrespected and violated.Please please don’t make the mistake I did. I wouldn’t want anyone to experience what I went through with next gear capital
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ID
#1622997 Review #1622997 is a subjective opinion of poster.
Location
Bessemer, Alabama
New Reviewer
Update by user Apr 29, 2019

So far, there is no communication from Nextgear Capital, they ignore all types of contact and do not respond

Original review posted by user Mar 28, 2019
We just had the account for 3 months, paying on time and now that we are in the tax season sales increased and one weekend we sold 7 cars and the next Monday a...
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3 comments
#1753998

I agree ,my company have similar problem 2017

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ID
#1502250 Review #1502250 is a subjective opinion of poster.
Reason of review
racism to Latinos and women
Loss
$25000
New Reviewer
Will never again do business with this company. I get a free 28-day float with the auction yard I typically buy from, but if I don't sell the car in 28-days and want to transfer it to NextGear, NG charges me $75 for doing so, on top of their normal fees. Their rep says...
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ID
#1501296 Review #1501296 is a subjective opinion of poster.
Location
Clay, Indiana
Cons
  • Unfair high unexplainable fees increased fees no notification
Reason of review
Pricing issue
Loss
$375
Preferred solution
Price reduction
New Reviewer
Do yourself a favor and do not use this company. They will destroy your business. The fees are outrageous, the audits are a JOKE (showed auditor the vehicles and he marked them "sold" then charging us the remaining balance, even though the vehicle was sitting right in...
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1 comment
#1731338

this company destroyed my dealership, the FEES that they keep adding on and the fee from 75 to 95 in a heartbeat and no explanation . every week there was something to pay could not keep up. totally a ripoff

ID
#1449724 Review #1449724 is a subjective opinion of poster.
Reason of review
Bad quality
Nextgear capital is by far the worst flooring company out there. There are a bunch of crooks with insane fees. Nextgear will hold you to the ground and basically control your business, they want to have a say in what you buy as well as tell you when to take old units...
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ID
#1379181 Review #1379181 is a subjective opinion of poster.
New Reviewer

DISGUSTING COMPANY, JUST ABOUT FINISHED US

without doubt we were in the wrong to the tune of £3700 late payment, (due to a theft of cash from our account)however they deemed it necesary to put security alert on all our stock from nextgear,without informing there own staff. they also came and took all the keys and reg documents,after waiting days for finance clearance it seems they were the company who put the alert on stopping us several sales.after we had paid the outstanding balance, we were told they had no one to check the bank!!.they retained the keys and documents, rendering the stock useless.
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5 comments
#1547112

Many Nextgear Capital victims

#1540687

I agree, it is a disgusting company

#1538301

Nextgear Capital absolutely *** and dirt bags.

#1538026

I feel for you. Nextgear Capital is a nasty business.

#1537012

They are disgusting.

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ID
#1322488 Review #1322488 is a subjective opinion of poster.

Employee

I am an ex employee and the NextGear Capital Corporate Office does not give a CRAP about the account holder. They view you as a STIFF / DEADBEAT.
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5 comments
#1942823

You guys I think you should have your legal reps contact each other and work in cooperation to litigate this issue. I think most of your cases can be consolidated and then bifurcated once they are moved to a more favorable venue.

#1537565

I would love to hear from you and get your story. We should find a a way to talk.

I am litigating with Nextgear Capital and I have been contacted by several people that have been screwed by Nextgear.

If you want to discuss anything leave a comment here and I can send you contact information. Thank you.

#1935349
@PissedConsumer1537565

i would love to know what kind of litigation youre doing and/or if you still are doing it or what we can do now about being totally screwed. please let me know how to contact you

#1942819
@Kassandra

Please contact me about your litigation. I may provide useful testimony three two three nine 74 two two one eight

#1942824
@PissedConsumer1537565

Here is my comment; please get back to me

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ID
#1319516 Review #1319516 is a subjective opinion of poster.

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