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.

Term 40
article thumbnail

Mastering the many faces of F&I

Canadian Auto Dealer

To confidently present finance and insurance products, business managers must be well-versed in the intricacies of extended warranties, GAP insurance and more. They’re the gears that keep the F&I machinery humming smoothly. Product knowledge is power here. But it doesn’t stop there.

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

F&I offices will have to adapt to EVs

Canadian Auto Dealer

F&I offices are going to need options that cater to these unique challenges, such as extended warranties that cover battery performance. Similarly, the advanced technology and higher cost of EVs creates greater opportunity for products like GAP protection.

article thumbnail

The Anatomy of a Car Deal – Fees, Financing, and Fine Print

Shawn Ryder

These additional products can include extended warranties, maintenance plans, GAP insurance, and more. Service Contracts and Add-Ons Coverage for service contracts and add-ons is another crucial aspect of the fine print that car buyers should pay close attention to.

Finance 40
article thumbnail

10 Ways to Unleash the Potential of Your Dealership’s F&I Department

Autosoft

From extended warranties to gap insurance, providing a comprehensive range allows customers to customize their purchases. Optimize Product Offerings A crucial aspect of F&I’s success involves offering a diverse array of products tailored to meet customers’ varying needs.

article thumbnail

Unleashing the Potential of Your Dealership’s F&I Department

Autosoft

From extended warranties to gap insurance, providing a comprehensive range allows customers to customize their purchases. Optimize Product Offerings A crucial aspect of F&I’s success involves offering a diverse array of products tailored to meet customers’ varying needs.

article thumbnail

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

Turbo Marketing Solutions

Furthermore, addressing common questions such as the benefits of extended warranties or gap insurance through informative content can empower potential buyers to make well-informed decisions while building trust in your dealership's expertise.