Tire & Wheel, PDR and Windshield
Objection: I don’t want to raise my payments anymore
Response: I understand … what you are saying is that you are on a budget and staying within it is important, correct?
Customer: Yes, that is correct.
Response: You will notice that with this protection, your payment is $548 per month and without it is $529 per month. So, for only $19 per month, you are budgeting for any future expenses and the peace of mind that goes along with that. Wouldn’t you agree that the $548 payment makes more sense for your long term budget?
Objection: I already have insurance.
Response: I understand … Unfortunately, many of the perils that UVP protects you from will cost less than your deductible. Not to mention the fact that your insurance company will not replace or repair a rim or tire damaged by a road hazard. With UVP, you are protecting yourself from the three most common perils of owning an automobile. With this protection, you are buying not only peace of mind but convenience as well. Would you prefer the 3 year, or would you like to upgrade to the 5 year?
Objection: I just don't think I need it.
Response: I understand. Earlier you told me that you plan to trade this vehicle in 3 years like you have with your previous vehicles. Many factors go into the value of a trade-in such as: mileage, color, tire wear and body condition. The UVP coverage can easily increase the value of your trade because it’s going to cover the three most common perils of automobile ownership, and they will have been taken care of prior to trading your vehicle. Do you want to take advantage of the 3 year option or upgrade to the 5 just in case you keep this one a little longer then the last?
Objection: I can afford to pay for these items as they happen.
Response: I understand … and it is nice to know you have that to fall back on. But, if you don’t mind, could I ask you a question?
Customer: Sure.
Response: Why would you want to spend your time and energy on something you probably don’t really have time for? (Short pause)
With UVP, repairs can be made on your schedule and at the locations that allow better utilization of your time. UVP covers the three most common perils of owning an automobile and it’s not going to be a question of if they happen but when. Let me simplify your life today with the UVP program for only $19 a month or a single payment of ______.
PRINT THIS FOR YOUR RECORDS:
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va
Sunday, May 3, 2009
Handling F&I Objections: Paintless Dent Repair
Objection: My insurance will cover it.
Response: I understand … unfortunately, the cost of most body panel repairs are less than your deductible. This program covers those common and frustrating dents and dings that are unsightly and although expensive to repair, would usually cost less than your deductible.
Would you prefer the three-year, or would you like to upgrade to the five-year?
Objection: I don't think it's important.
Response: Do you remember how you felt when you discovered the first scratch or dent on a previous new car? As you were first getting out of your car, intuition probably told you that the person in the parking space next to you was going to open his car door into yours.
Seeing the ding probably drove you crazy.
Right now your new vehicle is perfect, but inevitably, normal wear and tear, not to mention the itiots in parking lots, will cause numerous dings and dents on your brand new car. With the Dent & Ding Protection, you can keep your car looking new for much longer and eliminate lots of frustration.
Objection: I just don't think I need it.
Response: Earlier, you told me that you plan to trade this vehicle in three years like you have with your previous vehicles. Many factors go into the value of a trade-in such as mileage, color, tire wear and body shape.
This coverage can easily increase the value of your trade because the dent and dings will have been taken care of prior to trading your vehicle.
PRINT THIS FOR YOUR RECORDS:
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
Response: I understand … unfortunately, the cost of most body panel repairs are less than your deductible. This program covers those common and frustrating dents and dings that are unsightly and although expensive to repair, would usually cost less than your deductible.
Would you prefer the three-year, or would you like to upgrade to the five-year?
Objection: I don't think it's important.
Response: Do you remember how you felt when you discovered the first scratch or dent on a previous new car? As you were first getting out of your car, intuition probably told you that the person in the parking space next to you was going to open his car door into yours.
Seeing the ding probably drove you crazy.
Right now your new vehicle is perfect, but inevitably, normal wear and tear, not to mention the itiots in parking lots, will cause numerous dings and dents on your brand new car. With the Dent & Ding Protection, you can keep your car looking new for much longer and eliminate lots of frustration.
Objection: I just don't think I need it.
Response: Earlier, you told me that you plan to trade this vehicle in three years like you have with your previous vehicles. Many factors go into the value of a trade-in such as mileage, color, tire wear and body shape.
This coverage can easily increase the value of your trade because the dent and dings will have been taken care of prior to trading your vehicle.
PRINT THIS FOR YOUR RECORDS:
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
Friday, April 10, 2009
Handling F&I Objections: Key / Remote Replacement Plan
Objection: That seems expensive.
Response: The plan basically costs $49 per year (six-year finance) or $59 per year (five-year finance). People pay that for AAA for peace of mind, and AAA doesn’t cover the one loss you are most likely to have with your car. This way, you have a roadside plan that can save you a lot of time and money. Doesn't that make sense?
Objection: (For Leases) That seems expensive.
Response: Did you know that the most likely charge you would get at the end of your lease is a charge for around $375 to replace a key? Most people only turn in one key at the end of their lease. Let’s face it, a lot can happen in three years, and they usually misplace the spare. Isn't an extra $6.00 a month a good value?
Objection: I never lose my keys. I don’t think I need that.
Response: I’m sure you’ve misplaced them before and had to search the house, your office or your bag for them, right? Most people do that hundreds of times. Did you know that our parts department cuts more than 150 keys per month?
Just imagine the added stress knowing that it could cost you up to $700 for the key replacement, tow and rental. I really think you should go with it.
Objection: I wanted to keep the payment at what I was quoted.
Response: No problem at all. You must have your budget well planned. The $279 is what you pay for the car. Our Key Replacement Plan prevents the car from costing you more down the road. What if you experienced, say a $500 loss from losing your keys? Take that $500 for one year and divide it by 12 – that’s more than $40 per month added to your payment. Now you are at $319 per month for that year. Adding the Key Replacement Plan only brings your payment to $289. Does that make sense? What if I can work with you a little to allow you to get the plan and still keep your payment at $285? Would you go with that?
Opportunity: I don’t need it, but my wife, daughter or son could use key replacement. He/she always loses her keys.
Response: Great, we can offer the program to any family member. We just need to fill in his/her information. We can give him/her a set of key tags now. You get the new car, and he/she walks away with something for his/herself. The best news is that you can pay for it for him/her.
Opportunity: Key Replacement Plan has a high-perceived value and low cost making it perfect as a closing tool for other products.
EXAMPLE 1
F&I Manager: You like the parts and labor agreement I mentioned to you right? It covers the car, bumper to bumper, for 6 years and 100,000 miles?
Customer: Yes
F&I Manager: What if I was able to include the Key protection in the cost, and your payment was only $279 – would you go with that? (Ex - Add another month to the term).
EXAMPLE 2
F&I Manager: Of the products I mentioned, which ones interest you the most?
Customer: Appearance Protection, the LoJack, the GAP, etc.
F&I Manager: What if I was able to give you the Key Replacement and the pro-pack (or the GAP), and keep your payment at $289? (Slightly reduce product prices and/or increase loan term).
PRINT THIS FOR YOUR RECORDS:
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
Friday, March 20, 2009
Automotive Finance Department Video on Menu Presentation
Here is a fantastic F&I menu presentation (other than his cell phone ringing in the middle of it) by a guy named Jim Brink. I found it on YouTube during a brutally slow bell to bell.
The objection handling by this guy is excellent! Check it out.
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
The objection handling by this guy is excellent! Check it out.
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
Wednesday, March 18, 2009
The TOP TEN STUPID Things Said To a Lender When Re-hashing a Deal
Posted by Marla Belson on Selling Iron
The Parody continues……
10) After he moved they never forwarded his payment statements so he didn’t know where to send it or when it was due.... Really!
9) He went through a really bad divorce; she ran up alllll his credit cards and left him.
That @#(&%^*!!!!!
8) What, you see bad checks???? I didn’t catch that on my TU..... We must pull different credit reports.... Hmmm...... So, what is the rate????
7) Hey what are a few repos and bad checks amongst friends.... So, what is the rate???
6) Oh really I didn't know what that meant....so a tax lien for $10,000 isn't that good I suppose. So anyway, what’s the rate????
5) This guy has so much money down you should hope he goes bad, you will MAKE MONEY!
4) I have it approved everywhere as-is, I just need you to make an exception because I really want you to have it.
3) (The always friendly) Buy/fund this deal or you will never see another contract from me. I know a lot of people in this business I'll tell everyone your company $#%Q.
2) Well....can you waive POI... I can't prove it.
AND THE NUMBER ONE LINE STUPID LINE DELIVERED DURING A REHASH SESSION IS….
1) The infamous.....I really need a favor on this ONE deal. He's a friend of the owner. We aren't making ANY money on this ONE. No, I mean really we aren’t!!!!!
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
The Parody continues……
10) After he moved they never forwarded his payment statements so he didn’t know where to send it or when it was due.... Really!
9) He went through a really bad divorce; she ran up alllll his credit cards and left him.
That @#(&%^*!!!!!
8) What, you see bad checks???? I didn’t catch that on my TU..... We must pull different credit reports.... Hmmm...... So, what is the rate????
7) Hey what are a few repos and bad checks amongst friends.... So, what is the rate???
6) Oh really I didn't know what that meant....so a tax lien for $10,000 isn't that good I suppose. So anyway, what’s the rate????
5) This guy has so much money down you should hope he goes bad, you will MAKE MONEY!
4) I have it approved everywhere as-is, I just need you to make an exception because I really want you to have it.
3) (The always friendly) Buy/fund this deal or you will never see another contract from me. I know a lot of people in this business I'll tell everyone your company $#%Q.
2) Well....can you waive POI... I can't prove it.
AND THE NUMBER ONE LINE STUPID LINE DELIVERED DURING A REHASH SESSION IS….
1) The infamous.....I really need a favor on this ONE deal. He's a friend of the owner. We aren't making ANY money on this ONE. No, I mean really we aren’t!!!!!
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
The TOP TEN Things That Crack-Up a Special Finance Manager During a Credit Interview with a Customer.
Posted by Marla Belson on Selling Iron
The TOP TEN things that crack up a Special Finance Manager during a credit interview with a customer.
10) I didn’t know where to send my payments after I moved.
9) My ex-wife/husband ran up all my credit cards before we got divorced.
That @#$%^#^&!!!!!!
8) What, all those checks really bounced?
7) I didn’t know all those charged off phone companies where on my credit, I don’t know
anything about it! But I do have a “pay as you go” phone now!!!
6) That car was a lemon it needed too much work so I gave it back.
5) If I gave the car back and I drove it to them, that isn’t really a repo, is it?????
4) Hey, what are two or three repos and a few bad checks amongst friends???
So, what is my interest rate?
3) I never saw those charge offs before, they can not be mine?
2) “Hey, it isn’t my fault!!!!!”
AND THE #1 STATEMENT MADE……..
1) I am not going to pay for something I do not like!!!!
Ok, but everything you liked in the past, never got “paid for” either?????
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
The TOP TEN things that crack up a Special Finance Manager during a credit interview with a customer.
10) I didn’t know where to send my payments after I moved.
9) My ex-wife/husband ran up all my credit cards before we got divorced.
That @#$%^#^&!!!!!!
8) What, all those checks really bounced?
7) I didn’t know all those charged off phone companies where on my credit, I don’t know
anything about it! But I do have a “pay as you go” phone now!!!
6) That car was a lemon it needed too much work so I gave it back.
5) If I gave the car back and I drove it to them, that isn’t really a repo, is it?????
4) Hey, what are two or three repos and a few bad checks amongst friends???
So, what is my interest rate?
3) I never saw those charge offs before, they can not be mine?
2) “Hey, it isn’t my fault!!!!!”
AND THE #1 STATEMENT MADE……..
1) I am not going to pay for something I do not like!!!!
Ok, but everything you liked in the past, never got “paid for” either?????
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
Thursday, March 5, 2009
Day In The Life Of a Car Salesman
Author unknown. This was forwarded to me in an email. Post a comment if anyone knows the author.
So you want to be a Car Salesman!
6:00 Alarm goes off.
6:00 Hit Snooze on Alarm.
6:15 Hit Snooze on Alarm.
6:30 Hit Snooze on Alarm.
6:45 Wife punched me in back yelling "You are going to be late for work."
6:55 Stagger to bathroom to shower and shave.
7:00 All the sales Guru's tell you to look yourself in the mirror and say, "I am GREAT!" "I am the BEST!" Maybe tomorrow I can do it without laughing.
7:30 Can't be late for work again, put shirt in dryer instead of ironing.
8:00 Leave for work to get there early, they tell me I will sell more cars if I am early.
8:10 Return home to get cell phone.
8:30 Leave for work again after stalling for another 20 minutes.
9:10 Walk into sales meeting 10 minutes late, Sales Manager makes an example out of me. Tells new Sales Reps that early birds always get the worm, bla, bla, bla. I got a worm for ya is what I wanted to say. He must have had knee pads on during his interview to get a Managers Job!
10:30 Finally get out of meeting after hearing the same story, "When I was selling cars...." When you was selling cars, you could get a homeless person approved for a loan.
11:00 Walk almost a mile around the car lot trying to shake off another negative meeting.
11:30 Finally have time to get a cup of coffee, this will surely make me feel better.
11:45 Sit coffee down outside to catch a customer--Reach to shake hands--customer says "I am not buying anything, I am picking someone up from your service Department." Ok, Ok, I guess you can do that dude!
11:50 Coffee should be cooled enough to drink-Forget about rude old man-Wow, coffee has a cigarette butt floating in it!
12:00 Go to lunch to keep from strangling someone.
1:00 Get back to work--Your cousin is talking to another salesman. (in car sales if a customer does not ask for you, it is not your customer.) Cousin sees you and says "I didn't know this was the dealership you worked at."
1:30 Salesman sales car to your cousin. Wow, I will never live this down, but try to lessen the impact by saying "it was a distant cousin," I have not seen them in years!
2:00 Catch cousin alone and tell them "Give me my house key, you are going to have to find you another place to live!"
2:30 Finally catch a customer that seems very interested in a GMC Yukon. After the test drive, the customer says, "My company is buying the vehicle for me and they usually get it directly from the factory, I just wanted to make sure I liked it."
3:30 Catch another customer that is very interested in a used car, test drive, write up, appraise trade, present numbers....Customer says, "I just got hired at XYZ Motors and they told me to mystery shop to see how the process goes. Thanks for your time." OH, not today! You may want to call XYZ Motors to come and get you because Its a MYSTERY as to where your trade in keys are!
4:00 Get paged to back lot (Customer Waiting) which is not uncommon, but it is about 1/2 mile walk and golf carts are nowhere to be found so take off walking. See Salesman hiding behind cars laughing because they made up the fake page!
4:30 Call doctor and ask him symptoms of high blood pressure!
5:00 All Sales Personnel are needed on showroom floor. Sales Manager says, "We are going to have a lot party." Great finally something fun for today! I find out a lot party is where you rearrange all cars on the lot. You have got to be kidding!
5:30 to 9:00 work with customer on a new GMC Acadia--had trouble closing the deal and had to split with another salesman to close the deal. I was supposed to get off at 8:00, but at least I sold one. The other salesman tells me, "Your part of the commission is $50 dollars!
9:30 Go to Wal-Mart pharmacy to use their blood pressure machine
9:45 See your cousin that purchased a car from your dealership. Told him the car he bought had been wrecked! Maybe his blood pressure will be as high as mine.
The next time you go to your local dealership and it seems if all the salesman are not in the best of moods, realize customers do come first, but it could have been a rough day!
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
So you want to be a Car Salesman!
6:00 Alarm goes off.
6:00 Hit Snooze on Alarm.
6:15 Hit Snooze on Alarm.
6:30 Hit Snooze on Alarm.
6:45 Wife punched me in back yelling "You are going to be late for work."
6:55 Stagger to bathroom to shower and shave.
7:00 All the sales Guru's tell you to look yourself in the mirror and say, "I am GREAT!" "I am the BEST!" Maybe tomorrow I can do it without laughing.
7:30 Can't be late for work again, put shirt in dryer instead of ironing.
8:00 Leave for work to get there early, they tell me I will sell more cars if I am early.
8:10 Return home to get cell phone.
8:30 Leave for work again after stalling for another 20 minutes.
9:10 Walk into sales meeting 10 minutes late, Sales Manager makes an example out of me. Tells new Sales Reps that early birds always get the worm, bla, bla, bla. I got a worm for ya is what I wanted to say. He must have had knee pads on during his interview to get a Managers Job!
10:30 Finally get out of meeting after hearing the same story, "When I was selling cars...." When you was selling cars, you could get a homeless person approved for a loan.
11:00 Walk almost a mile around the car lot trying to shake off another negative meeting.
11:30 Finally have time to get a cup of coffee, this will surely make me feel better.
11:45 Sit coffee down outside to catch a customer--Reach to shake hands--customer says "I am not buying anything, I am picking someone up from your service Department." Ok, Ok, I guess you can do that dude!
11:50 Coffee should be cooled enough to drink-Forget about rude old man-Wow, coffee has a cigarette butt floating in it!
12:00 Go to lunch to keep from strangling someone.
1:00 Get back to work--Your cousin is talking to another salesman. (in car sales if a customer does not ask for you, it is not your customer.) Cousin sees you and says "I didn't know this was the dealership you worked at."
1:30 Salesman sales car to your cousin. Wow, I will never live this down, but try to lessen the impact by saying "it was a distant cousin," I have not seen them in years!
2:00 Catch cousin alone and tell them "Give me my house key, you are going to have to find you another place to live!"
2:30 Finally catch a customer that seems very interested in a GMC Yukon. After the test drive, the customer says, "My company is buying the vehicle for me and they usually get it directly from the factory, I just wanted to make sure I liked it."
3:30 Catch another customer that is very interested in a used car, test drive, write up, appraise trade, present numbers....Customer says, "I just got hired at XYZ Motors and they told me to mystery shop to see how the process goes. Thanks for your time." OH, not today! You may want to call XYZ Motors to come and get you because Its a MYSTERY as to where your trade in keys are!
4:00 Get paged to back lot (Customer Waiting) which is not uncommon, but it is about 1/2 mile walk and golf carts are nowhere to be found so take off walking. See Salesman hiding behind cars laughing because they made up the fake page!
4:30 Call doctor and ask him symptoms of high blood pressure!
5:00 All Sales Personnel are needed on showroom floor. Sales Manager says, "We are going to have a lot party." Great finally something fun for today! I find out a lot party is where you rearrange all cars on the lot. You have got to be kidding!
5:30 to 9:00 work with customer on a new GMC Acadia--had trouble closing the deal and had to split with another salesman to close the deal. I was supposed to get off at 8:00, but at least I sold one. The other salesman tells me, "Your part of the commission is $50 dollars!
9:30 Go to Wal-Mart pharmacy to use their blood pressure machine
9:45 See your cousin that purchased a car from your dealership. Told him the car he bought had been wrecked! Maybe his blood pressure will be as high as mine.
The next time you go to your local dealership and it seems if all the salesman are not in the best of moods, realize customers do come first, but it could have been a rough day!
BACK TO THE AFI TODAY HOMEPAGE:
Tags: Automotive Finance F&I Finance & Insurance
Credit Repair va, Credit Repair blog, Credit Restoration
Subscribe to:
Posts (Atom)
