Military and Veteran’s Education: Post-9/11 GI Bill® and Tuition Assistance

Those who take on the honor of serving in the military are rewarded well for their service and the sacrifices they make over the expanse of their time in the military. One of those rewards comes in the form of coverage for an education to prepare for a career after their time in the military is done. This comes in the form of the Post-9/11 GI Bill® , which can be used for approved educational institutions to get a degree or certificate to work in a particular field. One of the best options when you’re looking for a lucrative career that will continue to show high demand for years to come is to explore using the Post-9/11 GI Bill® for automotive F&I manager training. The field of automotive finance and insurance is constantly growing and has a continued high demand for qualified professionals who have the training necessary to do this job well. The following will explore why military personnel and veterans should consider seeking this certification through the Automotive Dealership Institute.

What ls the Post-9/11 GI Bill?

First and foremost, it’s essential to understand what the Post-9/11 GI Bill is and what it means for military personnel and veterans who have successfully completed their service. This bill provides funding for those individuals who qualify and are interested in pursuing an education during or after their time of service in preparation for a career in the civilian world. The good news is this bill hasn’t remained stagnant and has recently been updated to better suit the changing needs as the world of education changes. Updates to the bill made in 2009 increased the benefits military personnel and veterans would receive. For instance, the Yellow Ribbon Program means qualifying institutions may offer veterans and military personnel additional financial assistance, including a monthly housing allowance, a yearly books and supplies stipend and a one-time rural benefit payment.

Who Is Eligible?

Solely being a member of the US military doesn’t guarantee you will qualify for coverage under the Post-9/11 GI Bill. However, it isn’t difficult to qualify as long as you are in good standing or have been honorably discharged from the military. In general, you may qualify for coverage under this bill if you have at least 90 days of active service since September 11, 2001, you are still in active duty or you were honorably discharged after 30 days due to a service-related injury or illness. Purple Heart recipients are automatically eligible, and some part-time military members may also qualify. All benefits must be used within 15 years after service ends and can be used to pay up to 36 months of educational expenses.

Why Automotive Finance and Insurance?

If you’re thinking about the Post-9/11 GI Bill and F&I training, the Automotive Dealership Institute is one of the best institutions in the industry. Not only have we been the only licensed F&I training facility in the United States for the past 32 years, but we make it easy to get the education you need for the job. When it comes to training for the automotive finance and insurance industry, there are certain standards that must be upheld. Dealerships need to be sure the individuals they hire for this job are qualified to get the work done and will be able to do so without sacrificing the financial status of the dealership or the customers it serves. The Automotive Dealership Institute provides the necessary training to quickly, yet thoroughly, prepare individuals for work in this field, so they are ready to enter the workplace with little or no additional training needed. Courses take place either in person at our Scottsdale, AZ campus or online through our virtual live classroom platform over the course of four weeks with just 160 hours of coursework required. This makes it easy to get on the path to a lucrative career while making use of your Post-9/11 GI Bill benefits.

A Strong Industry to Join

There are many career options from which to choose, especially when you’re leaving the military and entering back into the civilian workforce. However, one of the most important factors individuals consider when they’re seeking a field to enter is whether they will easily be able to support their families. This can be a difficult task to undertake. The good news is there is a great option that doesn’t require an extensive education that will take years to complete. The automotive industry is strong and will continue to grow and expand in the coming years. Vehicles are always something people will need, even if they already have one. This doesn’t mean you have to settle into the life a salesperson to take advantage. Instead, you can work behind the scenes and help those who purchase a vehicle get the financing they need, as well as explore their insurance options. If you get the right certification to work in this field, you can expect to make an average of about $143,000 per year.

Start Your Training Today

Enrollment with the Automotive Dealership Institute is fast and easy, even when you intend to use your Post-9/11 GI Bill benefits to pay for your coursework. Not only do we offer the training you need in a format that takes only four weeks to complete, but we also offer job placement services after your graduation to help you find the ideal job in your area of the country or wherever else you would like to live. We have an over 90 percent job placement rate, giving our students peace of mind knowing they will graduate armed with the skills and knowledge they need to effectively work in this industry. While not all dealerships require this certification, you will boost your chances of getting a job in this field and making a higher salary as a result.

F&I Manager Training: Become an F&I Manager with No Experience

Becoming a finance and insurance manager provides you with an opportunity to earn a high salary while working in a position that is essential to the average auto dealership. In addition, because the auto industry continues to thrive, most finance and insurance managers enjoy ongoing job security and plenty of opportunities for growth. 

If you are considering a career in this field, you may wonder whether any experience is necessary to get a job. 

Can You Get an F&I Job with No Experience?

If you are trying to get a job as an F&I manager with no experience, you may face some difficulty. In general, dealerships are most interested in hiring individuals who are prepared to take on this role. However, you can overcome the issue of having no experience by completing a finance manager training program before you start looking for an F&I position. 

Why Is Finance Manager Training Necessary?

If you are hoping to be successful as an F&I manager, you will need a solid base of knowledge and a variety of skills.

You will have a range of responsibilities in your job. F&I managers are responsible for helping consumers secure the loan they need to be able to buy the vehicle they have chosen. This part of the process involves the ability to pull and interpret credit reports, perform careful calculations and explain the results to customers.

F&I managers must also explain and promote the extra products and services offered by the dealership, such as maintenance plans, paint protection, gap insurance and more. Not only must you be able to understand and explain these products, but you must also be able to establish rapport with customers to increase the odds of making sales. 

F&I managers have one of the most important positions within any dealership. They complete a significant amount of paperwork that must be accurate. They also spend a lot of time with customers, so people skills are essential. For these reasons, finance manager training is highly recommended for anyone who wants to be successful in this field. 

What to Expect in Finance Manager Training 

You can easily enter finance manager training with no experience. These programs are designed to help you learn all of the skills you need to work as an F&I manager, even if you have absolutely no background in the field. 
The exact experience you will have in finance manager training will depend on the program you choose.

Finance Manager Training at Automotive Dealership Institute 

At the Automotive Dealership Institute, you can complete your credentials in approximately four weeks. While involved in the program, you will learn everything you need to know in order to succeed in your career as an F&I manager. You will learn about the basics of the car sales process, how to interpret credit reports and how to make all the calculations necessary for the financing process. You will also learn how to interact with customers effectively and productively throughout the process.

Automotive Dealership Institute is committed to making sure that every graduate of our program has the experience they need to transition seamlessly into a career as an F&I manager. In order to accomplish this, we incorporate “real-world” practice situations into our programs. During our program, you will have a chance to practice your skills in realistic situations so you will be better prepared to begin your career. This means that even if you entered the program with no experience in the field of car sales, you will have relevant experience when you graduate.

Begin Your Journey to a New Career with ADI

With a career in F&I management, you will enjoy a number of benefits, including job security, an exciting career, a substantial salary and much more. If you have no experience in the field of car sales, however, you need finance manager training in order to begin this career successfully. 
If you are interested in beginning your career in F&I management, ADI is here to help you achieve your goals. Our program is the only licensed F&I trade school in the United States for the past 32 years. With our program, you can have all the information and skills you need to begin this career in as little as one month. If you are a veteran who qualifies for benefits under the Post-9/11 GI Bill, we can help you use your benefits for our program. Contact us today to learn more about the program or to begin the enrollment process!

The ‘Why’ of the F&I Department: Helping and Protecting Customers

If you are looking for a new career, one of the best options available is finance and insurance management. F&I managers are responsible for making sure an auto dealership’s F&I department functions properly. But what is the purpose of the F&I department? At the most basic level, the F&I department exists to help and protect customers. 

What Is the F&I Department?

The F&I department is the department within the auto dealership that is responsible for helping consumers get the financing they need to purchase the vehicle they have chosen. This department also offers extra products available for purchase from the dealership. Examples of products that are often sold by the F&I department include:

  • Credit insurance/payment protection
  • Gap insurance
  • Maintenance plans
  • Extended service contracts
  • Anti-theft products, such as car alarms
  • Paint or fabric protection
  • Excessive wear and use protection

For most dealerships, these products make up a significant portion of profits. However, these products are also beneficial to consumers. 

How the F&I Department Helps and Protects Customers

The F&I Department helps and protects customers in several different ways. Some examples include:

1. Providing consumers with valuable products. 

Anti-theft devices, paint protection and some of the other products available from the F&I department can enhance the customer’s purchase and provide valuable protections. By investing in these products at the time the vehicle is purchased, customers can avoid expensive repairs or other unwanted situations that may have occurred down the road. 

2. Counseling consumers on the products they need most. 

In many cases, consumers may not know what products are available from the dealership and how they could be beneficial. Professionals in the F&I department can help consumers review the options available and decide which of these products will be best for their needs. 

3. Helping consumers through the financing process. 

Financing a new vehicle can be confusing for consumers, especially for those who don’t have a lot of experience with credit and loans. Professionals in the F&I department can help consumers understand the financing process and choose the loan option that will meet their needs most effectively. They can also help the consumer understand how their credit report affects the interest rate and other important aspects of the loan. 

4. Guiding consumers through paperwork. 

A significant amount of paperwork must be filled out and submitted before a vehicle purchase is complete. The sheer amount of paperwork can be overwhelming for customers. In many cases, the questions asked are complicated and confusing as well. Fortunately, the professionals working in the F&I department understand all the relevant documents and requirements, so they can guide customers through each stage of this process and put their minds at ease when necessary. 

5. Protecting consumers from bad credit deals. 

Not all consumers will seek financing within the auto dealership. Although some external sources of financing are reputable, others may not be. When consumers trust the F&I department to handle vehicle financing, they can be confident that they are receiving a safe, reliable loan from a reputable lender. 

How the F&I Department Serves the Dealership

The F&I department is an essential component of a functioning auto dealership. Although many auto dealerships may focus on the F&I department’s ability to boost profits, this is not the department’s only purpose. As discussed above, the F&I department also offers help and protection to every customer who purchases a vehicle from the dealership. Being aware of all functions of the F&I department can help auto dealerships to leverage this department more effectively.

Specifically, when the F&I department is able to provide a better quality of services to consumers and build solid relationships from the start, consumers are more likely to invest in the products and services that boost the dealership’s bottom line. For this reason, it is important for auto dealerships to staff their F&I departments with trained professionals who know how to build rapport with customers and promote extra products with ease. 

The Importance of F&I Training

Professionals working in the F&I department need a large base of knowledge and a variety of skills in order to do their jobs effectively. The best way to gain the necessary knowledge and skills is by completing an appropriate training program, such as the one at Automotive Dealership Institute.

ADI has been the only licensed finance and insurance school in the United States for more than three decades. At our institution, students spend four weeks learning all the information they need to succeed as F&I managers. Our students also spend time developing their skills by engaging in “practice” deals that simulate the work they will do after graduation. In addition to providing our students with a comprehensive education, we also offer job placement services to every student who completes our in-classroom program. Please contact us today to learn more or to get started on application and enrollment.