Why Choose Finance Solution?
Drive growth through efficient outsourced finance and insurance (F&I) and a superior experience for your customers.
Not only do we have a proven ability to close more loans than the competition (20% more in many cases) but we do so while cutting costs. Plus, we only get paid when you get paid. Let’s break down some of what makes Finance Solution the right solution.
A More Agile F&I Approach
There are generally three F&I paths a dealer can take.
- The In-House Financing Department – Keeping an in-house financing team may sound good on paper. After all, it’s nice to get to know your own team and, quite often, in-house solutions are the most convenient option in other industries. However, the costs of maintaining a workforce are often extremely high and there’s no guarantee you can even hold onto the expertise that you recruit.
- Outsourced, Impersonal Financing – The problem with many outsourced providers is you never really know if you’re getting a solution that favors your dealership or your customers. Many don’t let you turn their services on and off in accordance with seasonal buying patterns, and still others might brag of their ability to get loans closed without the ability to prove it. A “wait and see” approach isn’t going to cut it.
- Leaving It Up to the Customer – Although there aren’t any direct costs here, what is being sacrificed for the customer? Essentially, you’re offloading the task of financing to them, degrading the buying experience, and leaving them out in the cold. The problem with this approach is your only way of earning is to move units, but with the dismal reviews customers are going to leave, even getting units off your lot will be a struggle.
There’s a better way. Finance Solution combines the personal service of an in-house solution with the expertise of an outsourced provider.
Long-Standing Relationships
One of the biggest advantages that sets Finance Solution apart from other outsourced F&I providers is our proven track record of long-lasting relationships with lenders, insurance providers, and, of course, our partner dealers.
Our ability to work closely with our partners is by no means superficial. The practical result is that we can negotiate the best rates and most favorable terms for your customers and can get more loans approved. Our first step when working with a new dealership is to take a look at their past denials and see where we could have had an application approved. Usually, the number of approvals comes in around 20% more.
Seasonal F&I
We all know that customers aren’t busting down your doors to buy a new boat or RV throughout the year. This is a seasonal business, which is why we offer our services on an as-needed basis. We can turn our services on and off on a dime.
Also, because we only only get paid when you get paid, you don’t experience any losses on the financing side of things during the slow months. We aren’t in the business of earning money through retainer fees and don’t force you to carry the cost burden of employees with little work to do.
Why Outsource Your F&I?
RV, boat, camper, and cargo trailer dealers around the country are outsourcing finance departments in pursuit of a few key goals—efficiency, customer service, and, of course, moving more units.
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.
