Buyer Newsletter

Save on Vehicle Financing with NextGear Capital

Issue 57  

Published August 12, 2021 - Written by IAA, Inc.

5 min read


NextGear Capital is offering a limited-time floor plan promotion exclusive to IAA buyers. We have updated our mask requirements to adhere to CDC guidelines. IAA Timed Auctions™ and IAA Buy Now™ offer flexible purchasing options to fit your schedule.  

Highlights in the Buyer Newsletter

NextGear Capital Floor Plan Promotion

Save BIG when financing your next vehicle with our partner, NextGear Capital. Purchase a vehicle August 16 through September 16, 2021, and you’ll pay only a $15 floorplan fee when you choose NextGear Capital as your financing option*. Search our vehicle inventory, bid on and buy your next vehicle, then let NextGear Capital build your floorplan. This offer is exclusive to IAA buyers, so don’t miss this limited-time opportunity to save BIG on vehicle financing.  

View Inventory

Mask Requirements

The health and safety of our employees, customers and vendors remain our highest priority. Please note IAA continues to take all measures necessary to ensure the well-being of our team members and the communities we serve. Thank you for your cooperation as we navigate these unprecedented times. 

In response to recent CDC guideline changes, we have updated our mask policy. Our employees and all visitors to IAA branches are required to wear a face-covering at all times regardless of vaccination status until further notice. Thank you for your understanding.

Covid –19 Update  

Use DocuSign to Complete the Virginia Sales Tax Resale Certification Forms 

Licensed buyers who have purchased or intend to purchase vehicles in the state of Virginia must complete IAA’s required Virginia sales tax resale certificate form. Completing the form is required in order to continue purchasing within the state, and you can do so now via DocuSign in My Auction Center. Please complete this important process as soon as possible. 

Complete the form 

Purchasing Options to Fit Your Schedule

Bidding in scheduled auctions might not always coincide with the time you have available. That’s why we offer multiple, flexible buying options for you to find and purchase vehicles on your own schedule.

IAA Timed Auctions™ – You’ll know the exact time an auction closes. The highest bidder who met the reserve price after closing wins the vehicle. Get a first look at Timed Auctions inventory before it’s available at auction.

Search Timed Auctions 

IAA Buy Now™ – No bidding, no waiting. Vehicles are sold at a specific price with no questions asked. Buy Now inventory is available 24/7. 

Search Buy Now

Buyer Newsletter Voice Of The Customer

We listen to the feedback we receive from buyer surveys and use that information to improve products and services. Below is a highlight from your most recent responses.  

Online Bidding 

Your responses last month indicate an overall positive experience when bidding in auctions, noting how the alerts and notifications keep you informed during the process. We’ve also noted your concerns regarding how vehicles are awarded and negotiations, and we are working to ensure your experience is seamless from beginning to end.

You can browse our inventory at any time to find more vehicles available for bidding.

View Inventory 

IAA Austin Adds Lanes

Two additional lanes have been added at IAA Austin, bringing the total number to five. Visit the IAA Austin page for auction dates and times.

More Inventory at IAA Tucson 

State Farm is now selling its inventory at IAA Tucson every week. Visit the IAA Tucson page to search for the new inventory.

IAA Colorado Springs Announces First Auction 

IAA Colorado Springs hosted its first auction Wednesday, Aug. 11. Auctions will be held every Wednesday at 9:30 a.m. Mountain Time, unless otherwise noted.

Vehicle Preview Now Open at IAA Lexington

Onsite vehicle preview is now available at IAA Lexington from 9 am-3 pm ET one day prior to every auction. Please wear masks and safety vests or bright-colored clothing. Additional safety measures are listed at the branch location. 

Meet Karolina Socha, Channel Manager for Broker Development  

I have been with IAA for eight years and in the automotive industry for 10+. My goal is growing both our domestic and foreign Brokers through joint partnership efforts focused on new buyer acquisition and retention. I am always looking to find new ways to create efficiencies amongst our Broker partners through technology and new product development. I believe together we can achieve more! 

Contact Karolina

*Promotion terms are 30 days for $15 plus interest on the total financed amount which shall accrue on all eligible purchases at the Base Rate (as defined in your Demand Promissory Note and Loan and Security Agreement (your “Note”)) plus 3% on the total financed amount from the date of purchase. Promotion applies to dealer’s floor plan fee, term and interest only. All other charges and terms pursuant to your Note and any other agreement with NextGear Capital apply. At the end of the 30 day promotion, eligible Advances will be rolled over to dealer’s contracted terms as of the date of purchase upon payment of 0% principal reduction, accrued interest, fees and charges. Promotion available only for purchases made by a contracted NextGear Capital dealer at an IAA auction location using their salvage, retail and/or wholesale NextGear Capital line of credit only on the date(s) specified above that are contemporaneously floor planned with NextGear Capital. Dealer must be in good standing with NextGear Capital with available salvage, retail and/or wholesale credit available solely from NextGear Capital and originated from the Discover System, to be eligible for incentive. To the extent an eligible purchase is otherwise eligible for another NextGear Capital promo or event sale, these event sale terms shall apply. This offer has no cash value and cannot be combined with any other offer. NextGear Capital reserves the right to modify or terminate this offer at any time. Except as otherwise provided herein, all Advances are subject to the Terms and Conditions of your Note with NextGear Capital. Please see your local NextGear Capital representative for complete details. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, THIS PROMOTION IS NOT AVAILABLE TO SOUTH DAKOTA, CANADIAN OR NEW YORK DEALERS. All advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505. To opt out of this offer, please visit provide the information requested within 5 business days of the event sale date. The Floor Plan Promotion is sponsored by, and subject to all terms and conditions of NextGear Capital and not by IAA or any of its subsidiaries or affiliates.  

Related Articles

Save Time with Sale List Enhancement

June 9, 2022