FI showroom red and grey logo
MenuMENU
SearchSEARCH

NextGear Offers Expedited Funding Process

NextGear Capital has introduced ‘Rapid Pay,’ a new feature designed to help dealers initiate the vehicle funding process before the title is received.

by Staff
April 9, 2018
2 min to read


CARMEL, Ind. — To save time and speed up the funding process for dealers purchasing vehicles through non-auction channels, NextGear Capital is introducing expedited funding on notice of title via “Rapid Pay,” a feature accessible through NextGear’s Account Portal and available on any mobile device, the company announced.

Billed as an industry first, Rapid Pay’s expedited funding feature was designed to allow dealers to initiate financing on vehicles purchased from wholesalers, customer trade-ins, and owned inventory, once notice of title is given. Dealers get paid faster through this process, as all Rapid Pay transactions get priority review servicing — in many cases the same day that the request is received, according to the provider. This replaces the traditional practice of having to secure a physical title before funding is processed.

Ad Loading...

The entire transaction is conducted via Account Portal and Rapid Pay. This means eligible dealers can manage the non-auction funding process when and where it’s most convenient for them and can monitor the status of their funding requests in real time, executives said, and every Rapid Pay transaction includes a free, prepaid shipping label for vehicle titles saving dealers time from physically traveling to a local lender to manage titles and funding.

“Removing barriers from the non-auction buying process is key,” said Randy Dohse, NextGear Capital’s senior vice president of operations. “Freeing up valuable cash flow is an essential part of any business, and as a company, we are committed to getting dealers funded faster than anyone else in the industry.”

More Auto Finance

Auto Financeby Lauren LawrenceFebruary 23, 2026

Auto Loan Forecast Bucks Market Trend

Auto loan originations rose over 6% year-over-year in the third quarter of 2025, but TransUnion predicts a slight decline in auto loan growth this year, making it an outlier in the company's overall lending forecast.

Read More →
Auto Financeby Hannah MitchellFebruary 11, 2026

Auto Credit More Plentiful

Growing access shows greater lender appetite for risk as consumers take on heavier debt burden in an inflated market.

Read More →
Auto Financeby Hannah MitchellJanuary 27, 2026

Auto Loans Long as Stretch Limos

More consumers, faced with ever-rising car prices, are adapting by agreeing to longer loan terms despite the cost of added interest payments.

Read More →
Ad Loading...
A person holds a stack of cash with a small red toy car on top.
Auto Financeby StaffJanuary 20, 2026

AutoPayPlus Launches RePayPlus

The reinsured biweekly payment program offers auto dealers with customer retention and reinsurance structure.

Read More →
F&Iby Hannah MitchellJanuary 12, 2026

Auto Credit Access Loosens

December brought some of the best borrowing availability for consumers in years, though lenders tightened their reins on riskier segments of the market.

Read More →
A hand holding small burlap money bags next to a toy red car, symbolizing auto financing, loan payments, and dealership profitability.
Industryby StaffNovember 14, 2025

Report Uncovers $4.7B Opportunity for Auto Dealers

Solving mismatched payment quotes can boost sales, profits

Read More →
Ad Loading...
Industryby Hannah MitchellNovember 10, 2025

Auto Loans More in Reach

October easier to tap despite approval rates falling

Read More →
Industryby Hannah MitchellNovember 3, 2025

Q3 Auto Loans Reveal Stress

Data reflect growing finance activity on the extreme ends of credit risk scale

Read More →
Industryby Hannah MitchellOctober 15, 2025

Debt-Strapped Auto Consumers on the Rise

The amounts owed on under-water trade-ins reach new highs.

Read More →
Ad Loading...
F&Iby Hannah MitchellOctober 10, 2025

Helping the Credit-Crunched

Though many auto consumers are finding it challenging to trade, dealers can leverage conditions to help them get over the hump.

Read More →