What is the Finance and Insurance Manager and what do they do?
The Finance Manager’s (F&I) role in a dealership is to help with the financial options of purchasing or leasing your car.
Additionally, the Business Managers assist you with all of the legal documentation, contracting, registering, etc…they are also legally bound to provide you with options that will (Honest to goodness) help you.
Some of these options are offered to protect your investment. Vehicles are just a depreciating assets, so protective insurances minimize loss.
Road Hazard
The Independent Insurance Agents and Brokers of America says approximately 500,000 claims are filed each year for pothole damage.
According to AAA, pothole damage costs drivers $3 billion per year, $15 billion over the past 5 years and an average of $300 per incident.
Protect your tires and wheels from both road hazards and accidental damage with Tire and Wheel Protection for just pennies a day.
Coverage includes repair or replacements for the life of your policy when an incident does occur.
USWC GAP
GAP Coverage will cover the difference between the loan balance and your insurance settlement in the event of theft or total loss.
Without GAP Coverage, you will be responsible for this difference, adding in additional financial during a challenging time.
When your amount financed is greater than 80% of your vehicle’s purchase price, we highly recommend this product for protection in the event of total loss.
Vehicle Service Contract
With a purchase of a new vehicle, you do get a manufacturers limited warranty. Coverage on used vehicles varies depending on the year, mileage and certification. But in most cases, the owner is responsible for the costs associated with maintenance on items that need to be replaced due to normal wear and tear. Vehicle repairs can add up and often happen at the most inconvenient times. A vehicle service contract can significantly help relieve the stress of vehicle repairs.
Service contracts allow smaller monthly payments to be made so that expensive repairs can fit into tight budgets. This saves you from needing to come up with a large sum for major repairs. We offer plans based on different driving habits, mileage and deductibles. Our Business Manager would be happy to go over all these options with you based on your vehicle and needs.
U.S. Key Replacement Plan
Emergency Key Assistance is available throughout the United States and Canada, 24 hours a day, 365 days a year, to protect you and your family in the event of a lock-out of your vehicle or home.