Carscoops

MAY 26, 2024

Today’s example of what appears to be that comes from Clay Cooley Hyundai of Mesquite who has a 2018 Sonata on sale. Had the original poster signed up for the deal with $2,000 down and the dealer-offered financing they’d end up paying over $26,000 for a car that is currently listed online for $12,995.

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Addendum Gap Insurance Finance Pre-Qualify 119

Shawn Ryder

JANUARY 17, 2025

If youve filled out a credit application thinking about financing but later decided to purchase the vehicle with cash, you may wonder whether youve made a mistake. Common Situations for Prepayment Penalties: They are more frequently seen in mortgages or personal loans but can occasionally affect automobile financing.

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Canadian Auto Dealer

JUNE 3, 2024

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). 2023, [ [link] ] The post Overselling can hurt F&I sales appeared first on Canadian Auto Dealer.

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Gap Insurance Sales Insurance Demographic 52

Shawn Ryder

MARCH 12, 2024

Understanding the various fees, financing options, and scrutinizing the fine print can make a significant difference in the outcome of a car deal. 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.

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Finance Deal Gap Insurance Extended Warranty 40

Shawn Ryder

FEBRUARY 7, 2024

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.

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Canadian Auto Dealer

MARCH 30, 2024

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.

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Gap Insurance Extended Warranty Insurance Finance 52

Autosoft

APRIL 11, 2024

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.

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Insurance Gap Insurance Finance Extended Warranty 52

Autosoft

MARCH 25, 2024

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.

Insurance 52

Insurance Gap Insurance Finance Extended Warranty 52

Turbo Marketing Solutions

JUNE 13, 2024

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. When customers feel confident about their financing options, they are more likely to consider your dealership for their vehicle purchase.

Dealerships 52

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Shawn Ryder

JANUARY 17, 2025

Buying: Purchasing a car involves paying the full sales price (or financing it) to own the vehicle outright. Flexible Budgeting: This advantage can be particularly appealing for budget-conscious consumers looking for quality vehicles without stretching finances. Making the Decision: Lease or Buy?

Gap Insurance 52

Gap Insurance Repairing Modification Lessee 52

Canadian Auto Dealer

MARCH 1, 2024

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.

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Gap Insurance Extended Warranty Finance Insurance 52

Autocar

NOVEMBER 11, 2024

Commissions paid unknowingly by customers have accounted for large chunks of profits for dealers, which have teams dedicated to growing revenue from finance and insurance deals, or ‘F&I’ (including GAP insurance). The figures, which included its US operations, show that finance and insurance generated 3.1%

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Finance Gap Insurance Banking Insurance 59