Outsourced F&I Services
Our solution accomplishes three things: It reduces overall costs, mitigates risk, and improves the customer experience.
Putting together and maintaining a robust internal financing and insurance department is a bigger bite than most dealerships can chew, and many outsourced solutions are missing the services that leave customers with a satisfying buying experience.
F&I Dealership Services
Finance Solution is proving to be an essential component of our partner dealers because, at the most basic level, we are helping move more units. We do this by eliminating the overhead of internal RV and boat dealer financing departments while improving the overall customer experience.
How are we different from other outsourced recreational dealer service providers? The answer comes from our natural ability to form lasting relationships built on a foundation of trust. Relationships with lenders, with our partner dealers, and, of course, with the end customer.
An Outsourced Finance Department
What exactly are you paying for when you hire an internal financing staff? Salary and benefits, not to mention the cost of turnover and the loss of lender relationships. Realizing this, many choose to work with large outsourced providers, only to be disappointed with a lack of results. If customers can’t secure financing, no units are going to move. Finance Solution offers a better way forward through a proven ability to close loans. The best part? Our partner dealers can work with us on an ongoing basis or exclusively during holiday buying seasons.
Outsourced Insurance Services
Outside of financing, insurance might be the most important part of selling and buying a recreational vehicle. Customers want to roll off the lot confident that their insurance will have them covered should the worst occur, and dealers need to be confident that liability is being transferred appropriately. It’s difficult to imagine a worse situation than an otherwise perfect sale ending in disaster right outside the dealership. Finance Solution has the expertise to ensure both parties have peace of mind.
Warranty
Traditionally, customers are stuck with either manufacturer warranties or warranties direct from the dealer that aren’t exactly what most would call favorable. The reason the outsourced financing and insurance providers refer to “F&I” is because warranties are usually neglected as a service. Finance Solution helps customers secure the right warranty with their purchase, one designed to keep their new RV working well for years to come and can be used nationwide. How does this help dealers? It’s simple: A better customer experience leads to more sales and more referrals.
Cost-Effective Financing Solutions
No F&I strategy, internal or external, can match what Finance Solution can provide.
F&I Services—The Bottom Line
At any dealership, some sort of financing structure is necessary when selling RVs, boats, trailers, campers, or vehicles of any kind. It is simply unacceptable to leave customers searching for financing on their own. If they are even able to secure financing at all when talking directly to a bank, the terms are likely not in their favor.
So, the question is: What is the best way to secure financing for your customers? If you’ve made it this far, we hope you’ll consider Finance Solution as your outsourced finance department. Fill out the form below to get started!
Move More Units
Dealerships that outsource their F&I through Finance Solution regularly see a 20% bump in approvals and, by extension, units moved off the lot.