The Road to ROI with F&I

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

Dealership Reinsurance: 3 Reasons Why you Should Reinsure your Dealership

Posted by Vanguard Dealer Services on Jun 22, 2020 9:00:00 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: 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

Dealership Reinsurance and Its Amazing Benefits

Posted by Vanguard Dealer Services on Mar 9, 2020 9:30:00 AM

Reinsurance is an agreement between two insurance companies. In this definition, the reinsurer is the second business and is responsible for clearing the claims that arise from the first insurance company.

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

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

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