Used car marketplace Motorway is launching stock funding capabilities in partnership with wholesale funding specialist NextGear Capital.
The partnership aims to make the process of buying high-quality, privately-owned stock even easier, improving cash flow and accelerating dealer growth and means Motorway’s platform now offers an end-to-end service, allowing dealers to source, pay, fund and transport stock.
Read AM met Motorway's James Wilson to discuss what is in store in 2025
With the new service, dealers can now secure 100% of vehicle costs and acquisition fees from within their Motorway account, simplifying the acquisition process and freeing up cash flow.
Motorway’s payment process already reduces admin time by up to 13 minutes per transaction and the launch of integrated stock funding will further reduce admin for dealers.
James Wilson, chief operating officer of Motorway, said: “Our platform is all about simplifying the often complicated and time-consuming process of acquiring high-quality stock. Be it hassle-free transport with Motorway Move or peace of mind mechanical insurance cover with Motorway Protect, we’ve always sought to support dealers in growing their businesses.
"With this partnership and the funding it will enable dealers to access, we’re taking it a step further by addressing the financial barriers many face when acquiring the stock they need.”
Darren Mornin, managing director of NextGear Capital, said: “As we know securing a reliable, sustainable supply of vehicles remains a top priority for dealers and we are committed to expanding our auction network in support of this. Partnering with Motorway unlocks a whole new opportunity for our customers to fund purchases from a wider pool of vehicles than ever before.”
Dealers will be able to access NextGear Capital stock funding services directly through the Motorway platform.
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