Access F&I
RECORDING NOW AVAILABLE - VIEW TODAY!

The F&I Handoff: Keep It, Drop It – or Do Both?

RECORDING NOW AVAILABLE - VIEW TODAY!

It's one of today's hottest debates: Do you hand the customer off to an F&I manager, or have one employee work with them through the entire process? First Texas Honda does both. Andrea Baker, who piloted the program, will explain what was necessary to make it work and what hurdles had to be overcome. Attend to get first hand insight into one dealership's unusual approach, including pros and cons, that will help chart a path for your own dealership.

 
OR attend this event
Speaker
Andrea Baker
Co-General Manager
First Texas Honda
Read more about the speaker

Webinar Summary

It's one of the hottest debates in the F&I world these days: Do you hand the customer off from a sales associate to an F&I manager, or have one employee work with the customer all the way through the process?

First Texas Honda does both.

Moderator
Dave Versical
Director of Editorial Operations
Automotive News

Senior associates who understand the dealership's processes work with a customer all the way through the sale, building rapport all along the way. Less-seasoned sales associates hand the customer over to an F&I specialist, who is well-trained in the products, processes and compliance issues that are unique to the F&I operation. Andrea Baker, co-General Manager at First Texas Honda, set up the hybrid system years ago, and piloted the program from concept to reality. In this Webinar, Baker will give her first-hand testimony as to the merits of the dealership's unusual approach, explaining what was necessary to make it work and what hurdles had to be overcome. She also will offer, from her unique vantage point, thoughts on the pros and cons of the two approaches. Key takeaways:

• What are the relative advantages to a handoff vs. keeping each customer with a single store associate?

• How do you find employees who can handle the entire process, or determine if your existing employees can do that?

• What compensation plans work best for each approach?

• If you're thinking of making a switch, how can you prepare for the ensuing problems – both the expected and the unexpected ones?

Subprime auto loan growth is 'less pronounced' in context, Fed analysts say

12:01 am U.S. ET | Aug. 20, 2014
While auto lending is rising in all credit categories, subprime auto loans are growing the fastest because that segment dropped the most during the downturn, according to a study by four analysts from the Federal Reserve Bank of New York.... Read More »


Asbury targets underperformers, training as F&I gains stall

12:01 am U.S. ET | Aug. 20, 2014
Asbury Automotive Group's improvement in average F&I revenues per vehicle retailed has stalled this year. Like other publicly traded auto retailers, Asbury plans to concentrate on squeezing improvements out of its bottom performers in F&I revenue per vehicle retailed.... Read More »


CFPB fines subprime lender First Investors Financial Services Group for sending credit bureaus inaccurate info

12:30 pm U.S. ET | Aug. 20, 2014
The Consumer Financial Protection Bureau fined subprime auto lender First Investors Financial Services Group nearly $3 million for knowingly providing inaccurate information to credit reporting agencies for at least three years.... Read More »


» More
 


Rocket Fuel