Fixed ops profit has never been more important. That’s why FLADCO works with the best in the business in this often overlooked but vital part of what makes a dealership thrive.
As F&I income keeps getting more important, it’s vital to offer products and services that deliver exceptional results – both for your bottom line and for customer satisfaction.
Average loan terms for new vehicles now exceed 71 months, up from just over 69 months a year ago. As terms grow longer, the chances for repeat business can decline, particularly while customers are upside-down on their vehicle.
We recently told you about a simple way to start offering pre-owned leases with MUSA Auto Finance. They make pre-owned leases as easy as possible, handling decisions in a process that takes seconds, automatically preparing and processing contracts, and delivering funding within 48 hours. That frees up dealers to enjoy all the benefits pre-owned leasing offers:
Drivers choose subscription-based systems that help keep them connected and safe on the road while adding a layer of security to their vehicle. While vehicle telematics systems are an ideal F&I revenue opportunity, they also open many recurring revenue doors and automate many aspects of vehicle management for dealers.
As loan terms grow longer and car prices rise, it’s important to provide customers as many options as possible to close more deals faster.
Getting more results out of your fixed ops departments starts with getting customers in the door. That’s especially true and important when it comes to service departments.
Whether that’s from savings or revenue generation, boosting your bottom line is what FLADCO has always done. And some of our least flashy deals are among the best ways to do it.
As dealerships focus on making every penny county, it’s a great time to review all kinds of expenses – especially the ones that don’t appear on your balance sheet. Things like costly chargebacks caused by cancellation of F&I products like GAP coverage.