Freddo53336

Looking for the best company to use for a stocking loan

4 posts in this topic

Hi all,

I am looking for the most competitive company to use for a stocking loan.

Has any one had good/bad experiences and who is worth speaking too.

Thanks 

Reddo

 

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I hear Nextgear is easy but not the cheapest. Close Brothers or Motonovo otherwise. MN require you to win at least half of your stock. 

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I've just got into bed with Nextgear, very easy to load a car on and they pay the hammer price, plus buyer fees and delivery with their auction partners. They certainly know how to charge though but at the end of the day, if you can turn stock quickly and can play the game, it can build your business quicker than you could organically. Just keep your eyes and mind open.

Close Brothers will want you doing enough finance deals to make it worth their while (they pretty much run it at a loss) and I expect MN will be the same. 

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