The Road to ROI with F&I

Identifying the Best Reinsurance Structure for Your Goals and Needs

Posted by Vanguard Dealer Services on Jul 22, 2019 10:10:00 AM

On average, services and parts departments make up a significant chunk of the business revenue in car agencies. However, your finance and insurance section should be a close second. If that isn't the case, then it's about time you had a rethink of your whole strategy and make more provisions for dealer reinsurance.

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Topics: reinsurance, Dealer-Owned Reinsurance Company, Dealer-Owned Reinsurance

Is a Dealer-Owned Reinsurance Company the Right Choice for You?

Posted by Vanguard Dealer Services on Mar 25, 2019 11:10:42 AM

A Dealer-Owned Reinsurance company gives your dealership the ability to handle and oversee extended vehicle service contracts and related products as an additional source of revenue. The most common reason dealerships avoid opening a reinsurance company is misconceptions about the risks and benefits. Since your company will only re-insure the business your dealership writes through your F&I operations, you will never be affected by another company's losses. The ownership of your reinsurance company can yield greater profits for the dealership and allow you to provide your customers with better service.

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Topics: reinsurance, Dealer-Owned Reinsurance Company, Dealer-Owned Reinsurance

Dealer-Owned Reinsurance Companies: The Difference Between Making and Breaking Your Business

Posted by Vanguard Dealer Services on Oct 11, 2017 12:15:00 PM

In a recent interview with Intelligent Insurer, Brad Kading, the president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), did something you don’t hear much about, unfortunately, and that’s touting the proposition of reinsurance. And though reinsurance is his business, after all, Kading was right about one thing: reinsurance as a whole is under-reported. But why? Well, likely because the focus is either misdirected or there simply isn’t enough information circulating about what reinsurance really is and particularly, how it saves money for industries like the automotive and ultimately benefits consumers, making for quite a profitable and business-savvy venture.

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Topics: reinsurance

Why Your Own Reinsurance Is Key in Running Your Dealership

Posted by Vanguard Dealer Services on Sep 6, 2017 11:30:00 AM

Reinsurance keeps you safe.  It's hedging your bets against catastrophic occurrences that could cost your dealership.  With profit margins growing ever tinier due to innovations, market share and internet sites it's vital to investigate revenue streams.

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Topics: reinsurance

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