Finance and Insurance To Increase Profit S4E18
Jul 25, 2023 ·
39m 23s
Max Zanan, author of the "Definitive Guide to F&I," joins us to discuss strategies for increasing dealership profitability through finance and insurance. As an expert in F&I management, Max provides...
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Max Zanan, author of the "Definitive Guide to F&I," joins us to discuss strategies for increasing dealership profitability through finance and insurance. As an expert in F&I management, Max provides invaluable insights for senior management teams looking to optimize their operations. He outlines the key challenges dealerships face when it comes to F&I, including training and retaining skilled finance managers, overcoming customer objections, and staying compliant with regulations. Max emphasizes how proper F&I management can significantly boost a dealership's bottom line. For finance directors, he recommends implementing strong compliance protocols, analyzing F&I performance metrics, and fostering a collaborative departmental culture. For finance managers, he suggests focusing on transparency and building trust with customers, presenting F&I products effectively, and sharpening objection-handling skills. Max highlights specific practices management can adopt, such as product bundling, pre-qualification calls, and menu selling. With the right strategies, he explains that dealerships can increase F&I profitability while delivering an exceptional customer experience. If you are a dealership looking to grow your F&I penetration, this is an insightful video with actionable advice from an industry leader. Tune in as Max provides an invaluable perspective on optimizing F&I performance.
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