Adrian Anania argues that F&I managers who rush customers actually lose money. He recommends slowing down, using a showroom survey to gather information early, and greeting customers as a helpful facilitator instead of a pushy salesperson. This approach puts customers at ease and captures more profit.
Chapters
The fastest F&I managers in the building are leaving the most money on the table. So what do I mean when I say that? We know the first thing that everyone says, you have to be fast. Speed is what you need for the customer. Finance managers take too long in their office. But what often happens is we speed up to take care of the customer and we lose them completely because we rush them through things in a process where they don't ever feel like they're heard and they feel like we're just a radio disclaimer rolling off an ad at the bottom. That does not allow you to connect with your customer. The first thing you need to do is slow it way down. That's why you have to do the client survey out on the showroom floor, and you take that away through your greeting with the customer. Your greeting should sound exactly like this when you go say hello to them when they're at the salesperson's desk. So, hi, my name is Adrian Anania, one of the finance managers here at XYZ Dealership, and I just have a few responsibilities today. I'm going to complete your state and federal documents and review your warranty. But lastly, most importantly, I want to get you out of here so you can enjoy your new vehicle. Now we developed a quick client survey in order to speed up this whole process, and I'm just getting to it now. What did I do? I took away the need to rush. And when I do that, what does that do? It allows the customer to be at ease. And that is what's costing you money. You're rushing in order to help the customer and you're ultimately hurting them. So comment below what you do right now so you never lose a deal in your office.