The Road to ROI with F&I

Steve Memolo

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Recent Posts

What are the benefits of Dealer Equity Programs?

Posted by Steve Memolo on Aug 9, 2021 12:00:00 PM
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Topics: Dealer Equity Plan, Dealer Equity programs, dealer reinsurance

Dealer-Owned Reinsurance: What it is and Why You Should Consider One

Posted by Steve Memolo on Mar 8, 2021 9:30:00 AM

As it is with most dealerships, your parts and service department is probably your company's lifeline. According to a previous report by the National Dealership Association, the service and parts department accounted for about 46% of the gross profits of the average dealership. Putting such figures into considerations and your F&I department isn't as close in terms of profits, there's no better time to start considering dealership reinsurance than now.

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

3 Incredible Benefits of Becoming a Dealer-Owned Reinsurance Company

Posted by Steve Memolo on Feb 15, 2021 11:24:55 AM

Reinsurance is an agreement between two insurers, where one transfers portions of its risks portfolios to reduce the chances of paying a large insurance claim. In this model, the reinsurer is the second business and is responsible for clearing the claims that arise from the first company.

In the dealership world, reinsurance is a separate company owned by you, the dealer, and is in charge of providing vehicle service contracts, certified pre-owned programs, GAP, warranties, and collateral programs for your clients without involving the services of third-party insurance.

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

Dealer Reinsurance: It Makes Sense for Dealerships

Posted by Steve Memolo on Jan 4, 2021 9:30:00 AM

Benefits to Becoming a Dealer Equity Plan Provider

Dealerships that incorporate the F&I side of their business benefit financially. Dealer equity companies allow dealerships to develop a secondary revenue stream. Dealerships that turn F&I departments into reinsurance companies benefit from the F&I products they sell through the partnership they have with the direct underwriters of these products.   

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

Dealer-Owned Reinsurance Companies Put You in The Driver’s Seat

Posted by Steve Memolo on Nov 23, 2020 9:30:00 AM

As a dealership owner, resources for realizing long-term revenue are a crucial part of your business. This is where the concept of dealer-owned reinsurance can play an important role.  This financial mechanism can greatly assist with warranty obligations as well as give dealers an upper hand over their business. 

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Topics: reinsurance, Dealer-Owned Reinsurance, Dealer Equity Plan

Consider the Options and Profits of a Dealer-Owned Reinsurance Company

Posted by Steve Memolo on Aug 3, 2020 9:30:00 AM

The term "reinsurance" is confusing, but its concept is not hard to understand. As explained on AutoSuccess, "reinsurance is a separate company, owned by you the dealer, to provide Warranties, Vehicle Service Contracts, GAP, Certified Pre-Owned programs, and Collateral Protection to your customers without having to buy from a third party company."

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

3 Reasons Why You Should Reinsure Your Dealership

Posted by Steve Memolo on May 4, 2020 9:30:00 AM

Reinsurance sounds like a good technical term. However, this technical term can be among the best things you do for your dealership and customers. Reinsurance is an excellent strategy for insulating your dealership from volatility and protecting your bottom line.

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Topics: Dealer-Owned Reinsurance

The Benefits of Reinsurance in Today’s Auto Market

Posted by Steve Memolo on Nov 18, 2019 2:32:10 PM

As with most auto dealerships, your service and parts department is possibly your company's lifeblood. In a previous report, the National Dealership Association revealed that service and parts accounted for 46% of the gross profits at the average dealership. If your Financial and Insurance (F&I) Department isn't a close second as far as profits are concerned, there is no better time to consider Dealer Reinsurance than now.

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Topics: reinsurance, Dealer-Owned Reinsurance Company

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