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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...
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Anonymous
frank

They are really LOAN SHARKS,the paperwork you sign changes after 30 days,what a waste {{Redacted}}

thetruthprevails
thetruthprevails

Federal Investigation Hopefully around the corner. Hopefully FBI doesn't mind traveling to the middle of nowhere. Would feel great to See them in Handcuffs, Justice must be se...

1.0
I liked
  • Promises made in order to sign with nextgear
I didn't like
  • Fraudulent business practices
#1175838
Reply to reviews
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?...
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thetruthprevails
thetruthprevails

They will Blacklist you with all Auctions in USA and Canada, they cannot repo cars which have already been registered and titled in the customers name. They can only repo vehi...

Anonymous
anonymous

If you do not pay them the money owed, they can come drag your lot and they will decide which vehicles are theres and which vehicles are not-- they will try and threaten you t...

#1169661
Reply to reviews
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...
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Anonymous
Jacob

gived*** is not a word. Not making assumptions, but your grammar might have indicated the real reason you failed to understand the business model.

1.0
I didn't like
  • Lies from sales reps
  • Causing my bank to be nsf for unknows charges and fees
  • Excessive fees
#1161259
Reply to reviews
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...
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Anonymous
Mike dealer

Couldn't agree more this company operates worse than loan sharks! Hidden charges that can't be accounted for! STAY AWAY THEY ARE CONMEN

1.0
#1132932
Reply to reviews
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...
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Anonymous
Henny

They did us the same way .. {{Redacted}} monty is a *** then they black balling us at every auction .. they took cars when we could have sold them and think we gone pay the di...

#1102908
Reply to reviews
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...
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Anonymous
Dealer friend

Nextgear capital are the biggest loan shark floor plan company in the nation wide. Their contract says you can not create a class auction suit and if they sue your bussiness y...

1.4
I didn't like
  • Are theives
#1100237
Reply to reviews
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...
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Anonymous
Anonymous

I lost my buisness over this shaddy flooring co.pany,my fault I agree and i trusted my rep which was fired for reasons who knows he was my rep for 2 years,had me close down my...

Anonymous
Anonymous

Ron There You Are, Taking 14 Business Down A Month. Destroying Family s Lives , For The Joy Of Bonus Money These Are Hard Working Families . We Are A Customer But Don't Use...

1.3
#1065331
Reply to reviews
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...
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1.3
#1052819
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Show

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
1.0
Details
Additional Fees
Advertised vs Delivered
Billing Practices
Customer service
Discounts and Special Offers
Diversity of Products or Services
Interest Rate
Price Affordability
Privacy and Data Security
Product or Service Quality
Reliability
Staff
Value for money
Website
#1049581
Reply to reviews
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...
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#1025784
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