If you are planning to work in the Finance and Insurance (F&I) department at an auto dealership, you need to get your education from a reliable institution. However, if you are considering multiple schools, it can be difficult to determine whether you are making the right choice. Below are some questions you should ask before you select any F&I school.
1. Is the school a licensed institution?
Licensure lets you know that a school has met important requirements that set it apart from other institutions and that it can provide you with a high-quality education. Unfortunately, many F&I programs are unlicensed programs that provide students with a meaningless certificate upon completion. Before enrolling in any school, consider whether it is licensed. If the school claims to be licensed, ask the school to produce its license number and be sure to verify it with the state’s licensing department. If you find out that the school is not licensed, look for another option.
Automotive Dealership Institute has been the nation’s only licensed F&I School for the last 32 years. When you trust us with your education, you can be sure that you are getting the instruction you need to be successful in your career. After you graduate our program, you will receive more than just a meaningless certification. Instead, you will have a diploma and a certification in F&I management that you can present to any potential employer with confidence.
2. Where are classes held?
The environment in which classes are held tells you a lot about an institution. Before you sign up for a program, ask the school to give you the physical address of the classes it offers. If the classes are being held in a temporary space not owned by the school, such as a leased office or hotel conference room, it indicates that the school is not stable and reliable. On the other hand, if the classes are being held in a static location that seems appropriately furnished, you can be more confident in the school’s ability to teach you the skills you need.
At ADI, we have been in business for over 30 years, offering programs both in-person and online. Our F&I classes are held at our beautiful campus in Scottsdale, AZ, which is located at the most desirable resort corridor situated between many 5-star resorts and high-end shopping areas. We have been operating at the same facility for the last 15 years, providing students with a stable environment equipped to support the learning process.
3. Does the school offer computer training?
In order to get a job as an F&I specialist, you need to know how to use the appropriate computer programs. For this reason, adequate computer training is essential. Ask the schools you are considering whether they have F&I computers for each student in their classrooms. Each computer should be equipped with DMS software, appropriate application platforms and special finance software. If the school cannot assure you that these resources will be available, look for another institution.
ADI offers computer training for every student to ensure that he or she is ready to use all of the latest F&I software. All of our students graduate from our program feeling confident in their abilities to use computer programs on-the-job.
4. Does the school offer job placement?
Your F&I certification or degree won’t do you much good if you cannot find a job after you finish the program. However, finding a job on your own can be difficult. The best F&I schools are those that offer job placement services to their students after graduation. Ask the schools you are considering whether they offer these services. It is also important to inquire about the school’s annual audited job placement ratio upon graduation, as this will let you know how easy it will be to find an open position. If the school doesn’t have a respectable job placement ratio, consider other options.
ADI offers job placement in all 50 states as part of their education to our students. Our job placement rate (as F&I Manager) consistently remains over 90 percent over the last 30 years. After you complete our program, we will be more than happy to help you find and secure your first position in the F&I industry.
5. Is the school’s instructor qualified?
After you enroll in an F&I program, you will be relying on your instructor to teach you the skills and information you need to build a successful career in the F&I department at an auto dealership. For this reason, it is important for you to find a program with a qualified instructor. Before you enroll in a program, ask the school whether the instructor has a degree and license. It is also important to find an instructor who has classroom teaching experience and experience working in a car dealership.
Many of the so-called F&I Trainers, F&I Schools, colleges, universities on the internet are nothing more than one man/woman operations offering one to five day seminars in rented conference rooms. Our instructors, on the other hand, are licensed and experienced teachers who will make sure you are well-equipped for a job as an F&I manager at any auto dealership.
6. What instructional materials are used?
All F&I programs will utilize instructional materials to help students learn the required information. The quality of these materials will have an impact on the quality of your education. Ask any school you are considering to tell you about the handouts and textbooks they use in the classroom.
ADI uses a copyrighted hardcover classroom textbook, titled “Finance and Insurance Management,” with 536 pages of information. This book is considered the bible of the dealership F&I industry. It is not sold to other institutions and is reserved only for ADI’s students. Every student who enrolls in the F&I program at ADI will receive their own copy of this book on the first day of class.
7. Does the school have any published F&I Management works?
The best F&I programs are considered authorities in the industry and will have published respected documents. Ask any school you are considering whether it has publications of this nature. If publications exist, ask the school to produce the ISBN number or the U.S. Library of Congress Catalog Number.
ADI authored and published a 772-page hardcover book titled “The Encyclopedia of Finance and Insurance Management.” This encyclopedia is sold to dealerships as a reference manual for the F&I department. More than 16,000 copies have been sold, and digital copies of this book are now available on ADI’s website for $99.95.
If you are hoping to land a job as an F&I manager, you need to be able to show evidence of appropriate training. ADI is an organized, professional institution with licensed instructors and a solid record of success. We will teach you real world lessons about the F&I industry so that you can be sure you are prepared your very first day on the job. After you graduate from our institution, we will even help you find your first position so you can hit the ground running. Please contact us today to learn more about our F&I program.