The COVID-19 pandemic has certainty given F&I Managers a run for their money these last couple of months. Adjusting to a new way of selling products and signing up customers remotely quickly became the main concern. While many dealers do practice collecting e-signatures, most of it was still done in
Most banks are tightening up their belts in order to mitigate the risks associated with the coronavirus pandemic. Finance Managers may notice that it is not as easy as it used to be, to get their customers approved. And even then, they might have to either get creative or fulfill a full line of stip
Imagine, as you will, driving down the New Jersey Turnpike, on your way to the beach, windows down (or if you’re lucky enough, top-down in your convertible), and the music blasting on a gorgeous summer day. Now imagine that you’re driving and all of a sudden, you see a massive pothole coming at you
With everything going on around us today, trade-in vehicles have hit an all-time high in regard to negative equity, in the month of April. According to Edmunds, 44% of new vehicle sales that included a car being traded in, had negative equity. In April, the average was about $5571, an increase, comp
After months of being restricted by the “stay at home” orders within many states and social distancing required everywhere, another sector in the automotive industry that was hit was the F&I training companies. As you are all aware, finance training is usually done classroom style by companies like
With the COVID-19 pandemic pretty much paralyzing much of the business, automakers are looking for ways to stir up some sales. Many manufacturers have unleashed some pretty sweet deals by offering 0% financing or no payments up to 90 days. Audi, Hyundai, Ford, and Subaru are just examples of some ma
In 2019, Consumer Affairs reported 3 million cases of fraud, in which 15% were related to identity theft. The Federal Trade Commission estimates that about 9 million Americans have their identities stolen each year. As online transactions increase, so does the risk of being exposed to theft and fra
Suddenly Disney is out of magic, Paris is no longer romantic, New York doesn’t stand up anymore, The Chinese wall is no longer a fortress, and Mecca is empty.