Is your dealership maximizing the sale of every vehicle?
As retail grosses continue to erode, F&I income is increasingly vital to a dealership’s overall profitability. eFinanceDepartment maximizes the sale of every vehicle by generating F&I profit without the complications typically associated with a traditional F&I office.
With the eFinanceDepartment program, your dealership outsources your finance & insurance needs to our experienced, professional finance managers who will maximize your dealership’s profitability on each and every deal. The simple process is designed to work at a dealership of any size and experience level.
The process begins when you dealership submits a deal to the eFinanceDepartment team, who then places it with the proper lender based on the customer’s credit-worthiness. Upon approval of the deal, our finance managers will contact the customer, explain the terms of the loan, solicit any additional aftermarket products and finalize the transaction. Once completed, your dealership will be notified and the deal will be available online for printing, which can be accomplished by any user with basic computer skills. After delivery, the dealership submits the paperwork to lender and is funded directly for the loan.
eFinanceDepartment is a turnkey solution that, even in the first week, will provide your dealership with the financial impact of more dollars per delivery. To learn more about eFinanceDepartment, contact us today for a free, no obligation consultation by clicking here.
- Dealer Dynamics has been providing remote finance department services since 2003
- Maximize the sale of every vehicle by capturing previously unseen F&I profit dollars
- Avoid burden of employing finance managers, maintaining legal compliance, and properly equipping a department
- Free up existing dealer personnel acting as surrogate finance managers to focus on sales
- As the department and your dealership grows, transition from eFinanceDepartment to our OnSite program or your own department with our help
A simple, effective process for any dealership.
While anyone can fax a credit app to a list of lenders, running a finance department that is knowledgeable, staffed effectively, efficient, compliant and profitable is a challenge. Since 2003, Dealer Dynamics has refined our eFinanceDepartment process to manage all that complexity behind the scenes while providing dealerships with a simple, efficient process that yields outstanding profitability.
1. Submit Deal
Upon the sale of a vehicle, your salesperson submits the completed purchase contract & credit application to eFinanceDepartment. The deal can be submitted electronically or even faxed to the finance team.
2. Place Loan
Based on the customer’s credit-worthiness, our Finance Consultants place the loan with the appropriate lender. The dealership is continuously made aware of progress as we work through the decisioning process.
3. Contact Customer
Once funding has been secured, we contact the customer, explain the loan terms, and offer protection products. We notify the dealership that the loan paperwork is ready for printing and to schedule delivery of the vehicle.
3. Deliver Vehicle
At the dealership, the customer signs the loan documentation and takes delivery of the vehicle. The dealership then submits the loan documentation to the lender, who directly funds the dealership.
OnSite is a cost-effective way to jumpstart your finance department.
Today’s business climate demands that you run a lean operation & work smart to maximize profit. The dilemma many dealers face is that they’re always ‘one body’ short of the perfect line-up. That additional body is often difficult to find and pushes expenses to the breaking point. Our OnSite program provides you with that ‘extra body’ and helps your business grow.