Remove Buyer Remove Customer Remove Gap Insurance
article thumbnail

Is Your F&I Product Lineup Balanced & Diversified?

AutoSuccessOnline

Many buyers can also take advantage of the Federal Used Clean Vehicle Credit, providing an extra incentive for consumers to consider a used EV purchase 2. Offering VSCs provides customers with extended coverage beyond the manufacturer’s warranty, safeguarding against costly repairs.

article thumbnail

Understanding Dealership Jargon: Terms the Public May Not Know

Shawn Ryder

F&I (Finance and Insurance) A department within a dealership responsible for arranging financing and insurance for customers purchasing vehicles. The F&I manager will also offer additional products such as extended warranties and GAP insurance. It’s often used as a starting point for negotiations.

Term 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Overselling can hurt F&I sales

Canadian Auto Dealer

Overwhelm your customers and they buy less A December 2023 white paper by CDK Global sheds light on some evolving dynamics in automotive, particularly in the world of Finance and Insurance (F&I departments). Additionally, the white paper highlights how buyers perceive their interactions with business managers.

Sales 52
article thumbnail

F&I offices will have to adapt to EVs

Canadian Auto Dealer

In the cold weather climate that Canada offers to most of the country, the challenges for EV buyers and F&I offices take on additional dimensions. The reduced battery performance in colder temperatures can affect vehicle range and efficiency, influencing buyer decisions.

article thumbnail

Hyundai Dealer Bait And Switch Sees Sonata Price Go From $13k To $21k

Carscoops

The website explicitly says “No Dealer Add Ons Ever” Some car dealers will say anything, even stretching the truth, to get customers in the door. Toyota Corolla Buyer Teaches Us How To Beat Dealer Markups A Redditor posted a photo of the paperwork they claim is from the dealer for the Sonata in question. “Dishonest.

Addendum 117
article thumbnail

Content Marketing Strategies for Lead Generation in Car Dealerships: Boost Sales Online

Turbo Marketing Solutions

Content marketing, when wielded correctly, has a knack for luring in potential customers for car dealerships. It works its magic by stimulating interest and building engagement around the cars and services you offer, while also collecting useful information about the customer. Now, let's talk more about lead generation.

article thumbnail

Bargain or burden? The truth about buying a Fisker Ocean

Autocar

The owner dilemma Remarkably, throughout this turbulent period, UK car buyers have continued to purchase new and used Oceans. A spokesperson for Admiral said: “We are reviewing whether we will continue insuring new customers with Fisker Ocean cars in light of the situation and are in communication with our repair networks.

Insurance 130