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How can I activate Stock Funding for my account?

If you’re already a Carwow dealer, getting your funding plan live is a straightforward process. Here is the step-by-step guide to connecting your funding line:

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Written by Magda Pinto
Updated in the last 15 minutes

Step 1: Register with a Funding Partner

If you don't already have a funding plan, you first need to apply with a Carwow-integrated partner like NextGear Capital.

  • Eligibility: You must be a VAT-registered dealer with physical premises and a trading history (usually 12+ months).

  • Application: Fill out the short application form on the NextGear Capital website. Approval can often be granted within a few business days.

Step 2: Complete KYC to activate your Carwow Wallet

Carwow’s payment partner (Airwallex) requires a standard regulatory check.

  • Log in to your Carwow Dealer Dashboard.

  • Navigate to the Wallet section.

  • Follow the prompts to upload your business ID, bank details and other required documentation. This ensures your account is secure and FCA-compliant.

  • If Wallet section is not available, please reach out to your Account Manager or contact our dedicated Carwow Wallet team directly using one of the methods below:

Step 3: Link Your Funding Plan

Once your funding plan is approved and your Wallet is active:

  • Contact your Carwow Account Manager or our dedicated Wallet team.

  • Request to link your NextGear Capital account to your Carwow Wallet.

  • Once linked, "Stock Funding" will appear as a payment option during the vehicle checkout process.

Step 4: Using it in the Auction

  • When you win a vehicle, go to the "Make a Payment" page.

  • Select "NextGear Capital" (or your chosen funder) as the payment method.

  • The system will automatically calculate the hammer price, buyer fees, and transport.

  • Authorise the payment with a One-Time Passcode (OTP) from your authenticator app.

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