To All Fellow and Future Dealers, Please be very very careful with Nextgear Capital. We received a credit line for $250k and the documented Interest Rates and Fee's were written down. After 30 days the fee's changed, Interest went through the roof and audits became...Read more
Back to 2016, they started to charge me late fees and other fees a lot !! than I became short in money could not pay them last 3 cars that I sold, they are keep calling me, I'm trying to come to a payment plan but they don't listen, can anyone tell me what can they do?...Read more
WORST COMPANY EVER. THE SALES REP WILL LIE AND NO YOU WON'T GET ANYTHING THEY PROMISE BEFORE YOU SIGN UP. OHH WE WILL WAIVE OFF YOUR ADMIN FEE. THEN BOOM YOU WERE CHARGED FOR IT EVEN DUH YOU CALLED AND REMINDED THEM OF IT. OH YOU GET EXTRA $1000 FEE OUT OF THE BLUE, NO...Read more
I WAS IN CAR BUSINESS FOR 30 YEARS AND THEY PUT ME OUT IN 2 YEARS. EVERY WEEK YOU HAVE MULTIPEL PAYMENTS AND AFTER 45 DAYS NEW FEES. THERE ARE SO MANY FEES THAT YOU LOSE TRACK OF THEM. PENALTY AFTER PENALTY FOR BEING LATE EVEN ONE DAY IF YOU PAY THEM THE SAME DAY BUT...Read more
They are F'ing loan sharks that will bury you with fees and constant multiple payment requests per week. I can't believe what they do is even legal. I hope they somehow go out of business and crash and burn. They're coming tomorrow to take our inventory and...Read more
THEY WILL MAKE SURE YOU ARE OUT OF BUSINESS, THEY ARE THERE TO RIP YOU OFF, EVEN WITH A GOOD CREDIT SCORE , THEY STILL MAKE AN AVERAGE OF 60K A YEAR ON A 250 PLAN. THEY DONT WORK WITH YOU, AS SOON AS YOU FEEL YOU ARE READY TO GET BISGGER , THEY ARE THERE TO PUT YOU OF...Read more
There Liars Please Listen, Record All They Will Shred Your Company Of Every Penny. The Reps Are Taught To Lie , Mislead ,Your Company Will Be The Only One Not Moving Vehicles All Other Dealers Are Doing Great You Can Not Keep Up With There Money Grab 60 Days To Sale A...Read more
LENDING APPROX 250K NG MADE FEES AND INTREST $56,000 LAST YEAR . WITH A PERFECT CREDIT SCORE WE WHERE OFFERED THERE BEST PKG. WHICH AFTER FIGURING IN ALL FEES IS 16% MISS A CURTALMENT YOUR PUT IN LOCK OUT MODE , CALLED 3 TIMES A DAY THREATED TO SEIZE ALL VEHICLES THEY...Read more
Nextgear Capital - These people are nothing but loan sharks. Do not do business with them!!!!!
Next gear has taken us to court in Indiana where they can sue for triple damages They loaned my wife $300,000 and she has never run a car store They could care less about working with the little guy. DO NOT DO BUSINESS WITH THEM
DONT DO BUSINESS WITH NEXT GEAR IF YOU WANT TO STAY IN BUSINESS after interest and fees total yearly is aprox 18% interest stay away. next gear is a fraud they are there to make dealers go bankrupt. dont trust a word they say or there contracts DONT DO BUSINESS WITH...Read more
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