Do I Need Previous Experience to Get a Job as an F&I Manager at an Auto Dealership?

Making a career change can be a difficult process, especially if you aren’t sure what kind of experience you’re required to have. If you’ve been thinking about making the leap to work as an F&I manager at an auto dealership, you may wonder if you need to have any prior experience with car dealerships or selling cars in general. In short, the answer is no. Anyone who is interested in a career in this field can do so with the right education. The following will help you decide if you want to enroll in a program like the one available at the Automotive Dealership Institute, which offers a four week, 160-hour course to train you to be an effective, indispensable employee.

A Rewarding Career Prospect

When most people are considering what they want to do with their lives, they want a career that not only offers the type of money they need to live a comfortable life, but they also want something they will enjoy doing. If you’re someone who enjoys working with numbers and wants to help people get into the car of their dreams, working as a finance and insurance manager at a local dealership can be the perfect opportunity. With the right training, this career can open up a path to making plenty of money so you can comfortably provide for your family. In addition, you will have the satisfaction of helping your customers get behind the wheel of the car they’ve always wanted without breaking their budget. It will be up to you to guide them in making the smartest financial decisions for their vehicle needs.

What Skills Do You Need?

In addition to taking courses with the Automotive Dealership Institute, there are certain skills you either should have or should learn before you begin working in this career field. The ability to work with people and provide quality customer service is an absolute must since you will work exclusively with the customers who come into the dealership to buy a car. Some experience with sales can be beneficial, but it certainly isn’t a requirement and it doesn’t have to related to cars at all. For instance, if you ever worked retail as a cashier, you may already possess many of the skills you’ll need to sell additional products to customers. You will also need skills related to accounting, finance and technology skills to understand and work with the products available. You must have a strong work ethic and be a self-motivated worker because many of your duties will rely on your own motivation to get done. While you will answer to the owner of the dealership and potentially a higher level manager, you will be working as a manager yourself.

How a Training Program Works

When you enroll in the automotive finance and insurance management course through the Automotive Dealership Institute, you will get the training you need to prepare yourself for work in this field. First and foremost, you will learn about the basics surrounding the financing process so you can help your customers get the financing they need to get behind the wheel of the vehicle they want. You will learn how to effectively use the technology and programs required to go through the financing process, as well as provide the other products you may need to sell. The course also explores credit scores and how they work, math skills, interpersonal skills and more so you will be fully prepared for what lies ahead in your automotive finance and insurance career.

What Happens After You Complete the Coursework

One of the first steps individuals need to take is to complete the four-week program available from the Automotive Dealership Institute. After this, you may wonder how you will find a good job at a dealership. When you take your courses through ADI, you don’t have to worry any longer. They offer a job placement program for those who graduate and have connections with some of the biggest dealerships throughout the country so you are sure to find a job wherever you would like to live. This means, unless you would prefer to remain where you are, you can find areas where finance and Insurance management jobs pay higher, such as New York, Massachusetts and other states in the New England area, helping you create the career path you’ve always dreamed of.

What Can You Expect to Make?

Before you get started on your training, you may first wonder how much you can really expect to make when you enter this field. After all, it’s difficult to believe you could make a significant amount of money from the start with any job. However, managers in the finance and insurance aspect of auto dealerships are in high demand. Because of the specialized skill set and training required to do the job well, if you go through a industry-recognized training program, you can expect a high offer. The exact amount of money you can expect to make will vary depending on the cost of living in the area in which you work, but in general, you can expect to see an average salary of nearly $100,000 per year. Many people mistakenly think anyone involved in the automotive industry makes their money based on the number of cars sold and the value of those cars. However, this is often no longer the truth. Many dealerships have switched to a model of paying their employees a specific wage, which inspires them to work harder without having to push more expensive models on their customers. This is a win for everyone involved because customers get behind the wheel of a vehicle they can afford and those who work at the dealership, such as in finance and insurance management, can earn a great wage.

If you’ve been thinking about making a career change and entering the field of automotive finance and insurance management, there’s no better time to sign up for the program at the Automotive Dealership Institute.