FINANCE MANAGER Position Available In Davidson, Tennessee
Tallo's Job Summary: The Finance Manager role at a car dealership involves handling financial and insurance aspects of vehicle sales, securing financing, selling add-on products, and ensuring compliance with regulations. Responsibilities include assessing customer creditworthiness, presenting loan options, explaining aftermarket products, completing paperwork accurately, providing excellent customer service, and training sales teams. This position is crucial for profit generation in the dealership.
Job Description
FINANCE MANAGER 4.5 4.5
out of 5 stars 25 Vantage Way, Nashville, TN 37228 An F&I (Finance and Insurance) Manager in a car dealership handles the financial and insurance aspects of vehicle sales, securing financing, selling add-on products, and ensuring compliance with regulations. Here’s a more detailed breakdown of the F&I Manager’s role:
Key Responsibilities:
Securing Financing:
Assessing customer needs and creditworthiness. Working with lending agencies to secure competitive interest rates. Presenting loan options and terms to customers.
Selling F&I Products:
Explaining and recommending extended warranties, GAP insurance, and other aftermarket products. Helping customers understand the benefits of these products and how they protect their investment.
Paperwork and Compliance:
Completing vehicle sale paperwork accurately and efficiently. Ensuring all transactions meet federal, state, and local regulations. Understanding and adhering to regulations like the Truth in Lending Act.
Customer Service:
Providing excellent customer service throughout the financing and insurance process. Building relationships with customers and lending institutions.
Training and Support:
Training sales teams on finance and lease programs. Staying up-to-date on industry regulations and best practices.
Profit Generation:
F&I managers are a key profit center for dealerships, and their success is measured by the revenue generated from F&I products.
