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Cox Automotive Canada's financial services brand, NextGear Capital Corporation, has launched a multi-channel funding portal that brings together three digital auction partners, TradeHelper, Otolane and EBlock, in a bid to streamline point-of-sale inventory financing.

Bringing the three online services together on a single funding portal is believed to be an industry first through the use of mobile and digital services to support the vehicle purchasing process.

Jerome Dwight, national vice president, Canada, NextGear Capital Corporation, said: “Now clients will be able to view, bid and purchase vehicle inventory on any of these leading online auctions and seamlessly fund these purchases on their NextGear Capital credit accounts in a manner that is both convenient and secure.”

NextGear Capital said it is working together with its digital auction partners to enable clients to fully finance vehicles instantly across multiple channels.