For those interested in finding a promising career that allows them to enter a growing and competitive field that offers a stable income, the automotive finance and insurance industry, also known as automotive F&I, can be a great fit. With the number of car sales expected to increase in the coming years, car dealerships will be looking for qualified F&I professionals who can help them develop strong deals and offers for customers.
These car dealerships, however, will only want to work with professionals that they know will yield the best possible results. The most successful F&I professionals will be those who have a thorough understanding of the F&I field. They need to have the necessary training to fully understand how to interpret credit scores, create loan options, and find ways to appeal to both the customer while also benefiting the organization. This requires a combination of sales and finance skills. These car dealerships will want to find qualified candidates they can trust. For this reason, it is worth it to pursue the proper F&I training from a widely respected and established institution such as The Automotive Dealership Institute.
The Importance of the Best Training
The F&I industry requires a solid understanding of the credit industry. As an F&I professional, you will be responsible for interpreting credit scores, understanding how loans are structured, and then creating strong offers that can help customers get their dream cars, while still generating income for the dealership.
Car dealerships get a considerable amount of their income from the loans that F&I professionals create. Therefore, F&I professionals who do not do their jobs well can end up costing car dealerships money.
Like many industries, the car dealership industry has been impacted by the tremendous burst in technology. This means that customers today can easily research cars and loan options before they walk into the dealership. The F&I professional should therefore have the training they need to create deals that compete with these offers. They must know how to engage and sell to these types of customers.
There is also a considerable amount of technology used within the F&I industry itself. Many dealerships have already implemented these programs to help them create better deals more quickly and efficiently. Therefore, the F&I professionals entering the industry should have the proper training on these new forms of technology.
The Problems Associated with Poor Training
Unapproved organizations that claim to provide training for aspiring F&I professionals do not provide the same level of training. They often count on teaching students a few simple sales tricks, but they do not have the capacity to teach them the industry thoroughly.
They also lack access to the latest technology in the F&I industry, meaning that people who graduate from these programs do not learn how to use the latest software that their car dealerships will use. This means that the dealerships will have to take the time to train them on these basic functions they should have learned in training, resulting in time and financial loss for the dealership. Car dealerships will not want to deal with these extra steps, making it harder to get a job.
The Difference That Comes with The Automotive Dealership Institute
Those interested in obtaining the best quality education and training in the F&I industry only have one clear choice. There is only one school that has trained students for over three decades and serves as the only licensed and approved school in the country. The Automotive Dealership Institute has helped aspiring F&I professionals learn the ins and outs of the industry and establish themselves in dealerships across the country. As a part of their program, they not only help students learn about loans, but also offer training on the latest technology and techniques in use. This means graduating students are fully equipped to succeed in their new positions.
The program leaders at The Automotive Dealership Institute feel so confident in their training that they also help students find positions once they earn their certificate. Students also can receive help with resumes and job hunting. They additionally have the opportunity to speak with successful F&I professionals to help them better understand how to make a name for themselves and thrive in the industry.
The outstanding training students receive combined with job placement assistance helps the graduates from The Automotive Dealership Institute see a 90 percent job placement rate following graduation.
When it comes to getting a job, car dealerships know that prospective employees who attended The Automotive Dealership Institute have graduated from an established and respected program. They have made the investment in their career and education. Car dealerships also know that these employees will have the ability to jump right into their jobs and tasks. This means that they will not have to invest as much time training the new employees and the new hire can get started right away.
When it comes to hiring a new professional in the F&I industry, car dealerships want to find people they can trust to do the job well. Taking the time to obtain an in-depth education from the nation’s leading institute for automotive F&I professionals can go a long way to showing that you are the right person for the job. Armed with the training that only a truly legitimate institution can provide, you will also enter the profession feeling confident and prepared to thrive in your new career.
Get in touch with our advisors today to take the first step toward a lucrative career in automotive F&I!