Remove Extended Warranty Remove Gap Insurance Remove Sales
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.

article thumbnail

Mastering the many faces of F&I

Canadian Auto Dealer

Given that finding people who possess this perfect balance of sales and personality is hard to do, the question that has to be asked is which of these skills is most important to have in a business manager? Sales skills are at the heart of an F&I manager’s toolkit. However, sales skills alone won’t cut it. Sounds easy right?

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Autosoft

Reading Time: 5 minutes 10 Ways to Unleash the Potential of Your Dealership’s F&I Department April 11, 2024 Within automotive sales, the Finance and Insurance (F&I) department holds a crucial position, impacting both profitability and customer satisfaction. Let’s have a look at the top 10 strategies: 1.

article thumbnail

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

Autosoft

Unleashing the Potential of Your Dealership’s F&I Department March 25, 2024 Bryce Veon 7 mins read Within automotive sales, the Finance and Insurance (F&I) department holds a crucial position, impacting both profitability and customer satisfaction. Let’s have a look at the top 10 strategies: 1.

article thumbnail

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

Turbo Marketing Solutions

Nurturing leads not only increases the chances of making a sale but also creates loyal customers who will keep coming back for other vehicles, servicing, or even refer friends and family. This approach resulted in a significant increase in website traffic and leads, ultimately leading to an uptick in sales.

article thumbnail

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

Shawn Ryder

Documentation and Dealer Prep Fees Dealer documentation and prep fees are charges that cover the cost of preparing the necessary paperwork and processing the sale. While some dealers may fold these fees into the overall cost of the vehicle, others may present them as separate line items on the bill of sale.

Finance 40
article thumbnail

F&I offices will have to adapt to EVs

Canadian Auto Dealer

This initiative, targeting 100 per cent sales of new light-duty vehicles as zero-emission by 2035, is not just about environmental stewardship; it’s a pivot towards a new economic era in the automotive industry For F&I offices, this wave of electric vehicles will introduce both opportunities and challenges.