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Training/EducationNothing happens until someone sells something… …and with nearly 70% of your sales dependent on financing, and as much as 30% of your potential sales profit generated at the finance table, well managed consumer finance operations are critical to your success and profitability. Some key areas of concern: Lender Relations– There’s a lot more to getting to “yes” with the lender than just the score. Sometimes it’s hard to believe, but your bank is under enormous pressure to fund deals. With years of experience as both the dealer and the bank, we can show you how to get the approval you need to make the sale. By understanding what the bank isn’t, won’t, or can’t tell you, you can learn to turn that “Turn Down” into a top grossing deal. F&I Product Sales – Effective product presentation and closing skills are the difference between a few hundred and $800 or more in F&I profit per unit sold, on sales you’re already making. In today’s competitive environment, can anyone afford to leave this much on the table? How much would an extra $500 per deal have earned last month? Last Year? Compliance – What you don’t know can cost you, in some cases dearly. With potential penalties of tens of thousands of dollars you can’t afford to be uninformed. Today more than ever it is vital to have a clear understanding of you obligations and responsibilities regarding proper documentation, fair lending practices, disclosure, gathering and safeguarding consumer information, and required reporting to government agencies before one of them decides you’re out of compliance. At CFR we are committed to promoting profitable finance operations while adhering to the highest ethical standards. In addition to access to some of the finest educational support in the industry through our affiliate relationships, CFR conducts industry specific training for our member dealers in the fall and spring months. (Our current schedule is shown below.) We recognize that each of our clients has needs that are in some way unique. Please contact us to see how we may be able to help you.
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“Fill your head with knowledge, and your head will fill your purse.” ~Benjamin Franklin - America’s first self made millionaire~
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