Dealers who use NextGear Capital as their floorplan provider now can utilize the company for their retailing and F&I endeavors, too.

NextGear Capital collaborated with Titan Warranty Administration and announced a custom-built retail vehicle protection program aimed at helping independent dealers be more profitable and competitive.

Titan Warranty Administration’s Maximum Vehicle Protection Program (MVP Program) now offers a dealer-direct, innovative protection program exclusively for NextGear Capital clients.

“We are always looking for ways to help our clients succeed, whether it’s through the enhancements we offer or connecting them with other leading brands to further growth and profitability,” NextGear Capital president Scott Maybee said in a news release distributed on Monday.

“In today’s competitive retail automotive space, vehicle protection programs can provide independent dealers another way to make more money on every vehicle sold as well as provide a positive retail customer experience that creates buyer confidence,” Maybee continued.

Nearly a year in the making, TWA’s MVP Program offers features such as a custom “Why Buy Here” program that includes discounted products, claims management technology, limited dealer chargebacks, policy transfers and several other key features that historically have been available only to franchised dealers or very large independent dealerships.

“We are excited to join forces with NextGear Capital to develop a warranty program specifically for the independent auto dealer market,” Titan Warranty Administration CEO Rex Lyon said in the news release.

“MVP gives NextGear Capital dealers the competitive edge they need to thrive in today’s marketplace. With its best-in-class features and competitive value-based pricing, MVP is a win-win for dealers and their customers,” Lyon continued.

NextGear Capital clients who take advantage of TWA’s MVP Program will also have the opportunity to receive additional financial incentives, according to the companies.

However, officials said financial incentives available only for dealers in good standing with NextGear Capital and Titan Warranty Administration who are enrolled in the TWA MVP Maximum Vehicle Protection Program.

During the program’s 11-market pilot phase in April, the companies said nearly 80% of clients who were approached about the offering enrolled in the program.

The MVP Program is scheduled to be available to NextGear Capital clients nationwide beginning in August.

“It’s never been more important for independent dealers to build upon their value proposition by offering customers what they need and making the ownership experience easier for them,” Maybee said.