CARY, N.C. -

NextGear Capital Scott Maybee joins the Auto Remarketing Podcast to discuss how the company is helping dealers during COVID-19, a resource hub and more.

The company had announced in late April that it would continuie to defer curtailment and extension payments for eligible floorplan advances.

The company is taking that action through May 31 for all NextGear Capital dealers in good standing.

Within the first 30 days of NextGear Capital’s original relief package, the company deferred more than 160,000 payments.

That, according to NextGear, provided assistance to more than 16,000 dealers “when it was needed most.”

“After discussions with our dealers, we decided to continue the relief terms that were the most important, beneficial and meaningful to them and their businesses,” Maybee said in a news release.

Maybee continued, “Our hope is that, between the relief package, our incredible staff and the resources we’ve put together online, we can help our dealers make it out on the other side of this unprecedented economic crisis. Sticking together is the only way our industry will get through this still intact, and we want all of our dealers to know we are here to support them however we can.”

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