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Dealership Development, LLC Blog

Online F&I and What it Means for Everyone

Posted by Carrie Cadwell on Mar 30, 2017 11:36:07 AM

onlineshopping.jpgNot long ago, purchasing and selling online was something very few knew how to do. However, selling online has shown new, customized, and varied ways of performing a simple task and has resulted in efficiency, innovation, and a higher earning rate. Online selling has become the answer to those who are looking for an item they can’t find locally. It has been even more convenient for people who have a limited amount of time and for those who—due to different limitations—cannot physically visit a store.

Some people embraced the new way of purchasing and selling while some remained fearful until they noticed the ease and efficiency of online transactions. Throughout history, humans have resisted change out of fear of facing the unfamiliar. However, time and again, it has been proven that the more we refuse to adapt the more we diminish the reaping of potential benefits. This is the case of dealerships that are delaying their entrance into the new way of selling out of fear of losing their jobs. But let’s not forget that it has been due to technology that every single sector of the economy has found a new and better way to reach out potential buyers both locally and internationally. This has all been possible through the magic of online sales. It’s all about the way we look at it.

The Automotive branch is not a stranger to change. Every year we are presented with cars that leave us breathless and provide us with features that thirty years ago were just a dream. The future for our branch has finally arrived in an integrative and more thorough way. It will not take long until the general public will be able to purchase vehicles online. Imagine the new and improved experience for the buyer! Being able to choose and customize their new vehicles and pick between their available finance options. This will be a time-saver and will eliminate waiting time at the dealership to find out which lenders will be willing to take the customer.

Customers always feel much more at ease when they can have quick responses and brief explanations.  Any F&I complex or long explanation can make them hesitant and could very well cost the dealership the sale. To understand more you can visit Online F&I and What It Means For Everyone. Imagine how easy it would be for both parties to have brief explanatory videos of each and every F&I product that the customer applies for at just one click! This is an amazing step forward for the automotive industry.  

Dealership Development, Inc.'s retail experts are there to sit down with your customers and actually process your deliveries at the same time as your people, to watch and learn. Once Dealership Development'sIncome Development Program is implemented, you can expect complete compliance with the F&I profitability process.

 

F&I Business Development

Topics: Finance

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