NextGear Capital sues defunct dealership for floorplan default | Auto Finance News | Auto Finance News

NextGear Capital sues defunct dealership for floorplan default

NextGear Capital has filed a complaint against a Canadian used-car dealership and its owner, claiming the dealership defaulted on its floorplan payments as a result of an alleged fraud scheme.  Fredericton, New Brunswick-based W&P Auto Sales and its owner Peter Kennedy entered into a floorplan financing agreement with NextGear Capital in March, according to court […]

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