NextGear Capital Names Vice President of Credit

"NextGear Capital continues to grow not just domestically but internationally as well," said Alan Lang, senior vice president of corporate operations. "As such, it's important that we strategically place leaders in position to help us increase our overall portfolio."

Patrick has more than 20 years of successful, strategic leadership within the finance and banking industry, getting his start with Bank of America in 1989 as a Field Representative. Most recently, he served as Chief Credit and Quality Officer for Merchants Fleet Management in New Hampshire, where he earned the 2014 Auto Finance Excellence Award from Auto Finance News. Prior to this position, Patrick served in a number of leadership roles with Navigator Acceptance, Harley Davidson Financial Services and Green Tree Financial Services.

In response to his new role, Patrick stated "I am excited to begin this new venture. Not only is NextGear Capital an established industry leader, but along with the other Cox Automotive companies, it's helping transform the way the world buys, sells and owns cars."

About NextGear Capital
NextGear Capital is the largest independent inventory finance company in North America, providing flexible lines of credit for dealers to purchase new and used inventory at over 1,000 auto and specialty auctions and other inventory sources throughout the U.S., Canada and the U.K. The company's products and services allow dealers to floor plan nearly any type of remarketed unit in automotive retail, wholesale, salvage or specialty, including recreational vehicles and trailers, marine, powersports, used heavy trucks, auto salvage and auto daily rentals. With a customer base of more than 20,000 dealers, NextGear Capital also provides a robust array of services and support that allow dealers to acquire and sell more inventory, including state-of-the-art online and mobile account management tools, title services, records management and collateral protection. The company is headquartered in Carmel, Indiana and is part of the Cox Automotive group of companies, which includes Autotrader, Kelley Blue Book, Manheim and vAuto. Visit nextgearcapital.com to learn more.

Media Contact
Dave Morse, Director of Marketing & Communications
NextGear Capital
317.210.9262 or [email protected]