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5 Ways to Get Better at F&I in 2019

Top trainer lists five critical areas top-producing F&I professionals will be focused on this year.

https://www.fi-magazine.com/355523/5-ways-to-get-better-at-fi-in-2019
Salespeople Can Be So Arrogant

F&I managers have a professional justification and an ethical responsibility to forbid salespeople from barging into your office while you are meeting with...

https://www.fi-magazine.com/354124/salespeople-can-be-so-arrogant

Top trainer counsels an F&I pro who wants to put a ‘customer cash’ rebate toward the down payment to reduce their customer’s interest rate.

https://www.fi-magazine.com/353887/cash-rebate-as-cash-down-payment
Categories: Auto Finance, Digital
Crack the Credit Union Code

Is your local credit union a friend or a foe? The magazine’s resident F&I wiz offers a four-step process you can use to unlock a powerful new auto finance...

https://www.fi-magazine.com/351208/crack-the-credit-union-code

Top trainer comes to the rescue of an F&I manager who fears an antiquated, discredited, and deceptive sales tactic has taken root at his store.

https://www.fi-magazine.com/351219/help-my-dealership-is-packing-payments
Categories: Dealer Ops
How to Crack the Credit Union Code

Use this four-step process to understand how credit union executives think, offer your customers a reliable and trusted financing source, and build a...

https://www.autodealertodaymagazine.com/351196/how-to-crack-the-credit-union-code

After losing members of his sales team, a dealer asks the magazine’s resident F&I expert for his take on paying salespeople on F&I income.

https://www.fi-magazine.com/351216/sharing-the-profit
Menus Don’t Work Miracles

A fancy new menu can help streamline processes and improve customer engagement, but it won’t replace the hard-won skill and compassion of a true F&I...

https://www.fi-magazine.com/351212/menus-dont-work-miracles

Top trainer advises F&I pros to eliminate the ‘I have AAA’ objection by downplaying the very real — but relatively minor — roadside assistance benefit...

https://www.fi-magazine.com/324527/avoiding-the-aaa-objection
(Video) Capture Missed VSC Sales

In response to a reader question, the magazine’s F&I wiz updates his plan for re-pitching service contracts to customers who declined the protection at the...

https://www.fi-magazine.com/324524/video-capture-missed-vsc-sales

Top trainer has hard-earned advice — and a word of warning — for F&I pros whose dealers seem to change their pay plans every time they have a good month.

https://www.fi-magazine.com/324521/the-dealer-moved-my-goal-posts

A frustrated F&I manager poses an increasingly common question: How do you sell protection products to customers who demand the final price by phone and...

https://www.fi-magazine.com/324513/addressing-fis-internet-problem

Is offering eight products a bad idea? The magazine’s resident F&I pro says it depends on the producer and the presentation.

https://www.fi-magazine.com/324511/video-selling-eight-products-without-losing-the-customer
He Had  a Goal: Remembering David Ressler

Sometimes it’s not the teacher who leaves a lasting impression, it’s the student. The magazine’s resident F&I pro says goodbye to one trainee he will never...

https://www.fi-magazine.com/324507/he-had-a-goal-remembering-david-ressler

The magazine’s F&I pro responds to a question about how to build value in F&I protections if the customer says he plans on paying off his loan long before...

https://www.fi-magazine.com/324505/video-selling-to-short-term-owners

How do you sell a $3,000 VSC on an $8,000 car? Top trainer offers a four-step process to ensure every customer gets the protection they need.

https://www.fi-magazine.com/324501/video-selling-high-mileage-vsc-plans

Do-it-yourself customers will tell you they prefer to save a few bucks by performing their own maintenance. F&I trainer has the perfect response for this...

https://www.fi-magazine.com/324498/selling-warranty-compliance-plans

Older clients who say they are buying their last car need to be protected just as much as a first-time buyer. The magazine’s resident F&I pro explains.

https://www.fi-magazine.com/324495/handling-the-last-car-objection
Categories: Training
What Are You Teaching?

Dealers can be good teachers or bad teachers, and their influence on employees extends well beyond the showroom walls.

https://www.autodealertodaymagazine.com/311072/what-are-you-teaching

An F&I manager from Atlanta had a service contract sold to a cash customer — that’s until he went for more. The magazine’s resident F&I pro weighs in.

https://www.fi-magazine.com/324492/sold-but-not-closed

Top trainer has a three-part answer for an F&I newbie who wants to know how he measures up against his peers.

https://www.fi-magazine.com/324490/video-measuring-up
Categories: Dealer Ops
High PVR: Fake News or Great News

Dealers have become accustomed to dismissing claims of $1,500 per copy as ‘fake news,’ but that figure might not be as far out of reach as you think.

https://www.autodealertodaymagazine.com/311043/high-pvr-fake-news-or-great-news

Top trainer welcomes an anxious recruit to the F&I ranks with 10 pieces of practical, hard-earned advice.

https://www.fi-magazine.com/324485/its-ok-to-be-nervous

There are countless ways to sell financing and protection products, but only one way to truly connect with customers.

https://www.fi-magazine.com/324482/video-have-a-real-conversation
Categories: Dealer Ops
Stop Grasping at Straws

Getting back to the basics of training and support is the only proven cure for manufacturer excess and slow sales and F&I production.

https://www.autodealertodaymagazine.com/311010/stop-grasping-at-straws
Combating CUs

Top trainer tells an F&I pro from San Antonio to stop fighting credit unions and join them. He also reveals three reasons most CU members should choose...

https://www.fi-magazine.com/324478/combating-cus

A reader wonders if a scenario exists where trading rate for product doesn’t cross that invisible legal line. The magazine’s resident F&I pro weighs in.

https://www.fi-magazine.com/324472/trading-rate-for-product

The magazine’s resident F&I pro takes on a question about the Risk-Based Pricing Rule and its widely used exception notice.

https://www.fi-magazine.com/324467/video-discussing-the-risk-based-pricing-rule
Categories: Dealer Ops
Read the Instructions!

Success requires dealers to read the proverbial instruction manual for compliance, transparency, and customer service.

https://www.autodealertodaymagazine.com/310981/read-the-instructions

Feeling pressure from management to shorten time spent in finance, a producer from California asks the magazine’s resident F&I pro how to shorten the...

https://www.fi-magazine.com/324461/video-timing-fi

An F&I pro from Atlanta is struggling with deals involving remote deliveries. The magazine’s resident F&I expert has the answer.

https://www.fi-magazine.com/324455/video-handling-remote-deliveries
Categories: Dealer Ops
Great Coaches Build Winning Teams

The CFP National Championship was more than a football game. It was a contest between ‘The Process’ and ‘All In,’ the personal leadership philosophies of...

https://www.autodealertodaymagazine.com/310951/great-coaches-build-winning-teams

An F&I manager from New York asks the magazine’s resident F&I pro how achieving a $1,600 per-copy average is even possible. He responds with strategies...

https://www.fi-magazine.com/324450/achieving-1-600-per-copy

The magazine’s resident F&I pro agrees that tech tools can’t sell product alone, but he does believe the online space offers new opportunities for F&I pros...

https://www.fi-magazine.com/324447/starting-fi-online

Why should your customers buy the service contract if their vehicle is already covered? The magazine’s resident F&I pro has the answer.

https://www.fi-magazine.com/324441/video-handling-the-be-back-objection
Categories: Dealer Ops
Magic Beans and Giants

Top trainer offers a four-step process for improving F&I productivity and profitability in an era marked by a growing demand for transparency and real value.

https://www.autodealertodaymagazine.com/310908/magic-beans-and-giants

The magazine’s resident F&I pro responds to an F&I manager’s query on how to handle a parent’s objection to his products.

https://www.fi-magazine.com/324435/video-overcoming-helicopter-parents

The magazine’s resident F&I trainer responds to a reader’s question about the IRS/FinCEN Form 8300 requirement.

https://www.fi-magazine.com/324430/video-revisiting-the-pesky-form-8300

An F&I pro from Florida says he’s struggling to sell products on leases. The magazine’s resident F&I trainer offers a few tips.

https://www.fi-magazine.com/324427/video-selling-on-leases

An F&I pro says his dealership’s decision to remove the ‘F’ from his F&I duties is hurting his ability to handle customer objections. The magazine’s...

https://www.fi-magazine.com/324424/video-losing-the-f-in-fi
Categories: Dealer Ops
So Many Products, So Little Time

With finance reserve under attack, dealers must be increasingly selective when it comes to F&I products. Top trainer offers guidelines for choosing the...

https://www.autodealertodaymagazine.com/310863/so-many-products-so-little-time

Top trainer says the key to selling environmental protection is to educate — not sell — customers on why advances in paint application have made it a...

https://www.fi-magazine.com/324418/video-selling-paint-protection

Properly disclosing a RISC not only protects the dealership, it boosts customer satisfaction. The magazine’s resident F&I trainer shows you how it’s done.

https://www.fi-magazine.com/324411/video-included-disclosing-the-risc
No Friend of Mine

F&I trainer details a foolproof method for convincing your next ‘third basemen’ to switch teams.

https://www.fi-magazine.com/324408/no-friend-of-mine
Categories: Dealer Ops
The Why of F&I

Justifying the existence of the F&I department requires dealers to take a hard look at the value it offers to customers and its effect on the sales process.

https://www.autodealertodaymagazine.com/310830/the-why-of-fi

A reader wisely chooses to remain anonymous after uncovering a payment-packing scheme taking place in his (or her) dealership.

https://www.fi-magazine.com/324404/video-your-sales-manager-is-a-criminal

F&I trainer keeps hope alive despite bluster on the campaign trail and dirty dealings at the manufacturer level.

https://www.fi-magazine.com/324398/optimism-in-an-election-year
Categories: Dealer Ops
Why I Love This Business

Top trainer explains why honest, hardworking dealers are rewarded with happiness, peace of mind and financial gain.

https://www.autodealertodaymagazine.com/310800/why-i-love-this-business
Categories: Dealer Ops

Build your F&I training program the same way you would build a house: on a solid foundation with expert craftsmanship and high-quality materials.

https://www.autodealertodaymagazine.com/310797/commit-to-excellence

An F&I manager asks for a little career advice. The magazine’s resident F&I pro responds with what may be the secret to life.

https://www.fi-magazine.com/324394/video-3-keys-to-professional-growth


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