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!