The Road to ROI with F&I

Good Faith Training for F&I Compliance

Posted by Vanguard Dealer Services on Jul 19, 2017 2:10:00 PM

The complex and ever-changing rules of Finance and Insurance compliance may be frustrating to keep track of, but they exist for a very important reason. These rules keep dealerships from even accidentally taking advantage of customers. Without strict enforcement of F&I compliance, a single stray salesperson could ruin the fair business record of an entire dealership. While constant re-training is necessary for absolute compliance, you can prepare your team to always work in the spirit of F&I protections by training them in transparency and good-faith sales.

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Topics: F&I Compliance

F&I Compliance

Posted by Vanguard Dealer Services on Apr 13, 2017 9:45:00 AM

Most of us view paperwork as tedious and cumbersome to the process of doing our regular work, especially when it comes to F&I Compliance. And most of us probably sit in front of a pile of forms and documents and think, "What have I gotten myself into?" No one likes paperwork, so don't feel alone. The trick to tackling it is understanding where to start and having a mapped out battle plan. 

So, you have to start by getting your team to view things through the eyes of an accountant (paperwork heaven...made you shudder huh?); or we can train your team to establish a consistent means of dealing with and processing paperwork (that does sound better).

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Topics: F&I Compliance