Finance & Insurance Services

FiQore Has Your Fix for F&I

The F&I Department is one of the most important profit centers in any dealership, ideally contributing 35% or more to gross profit. However, the F&I Department can also drive down customer satisfaction and keep you up at night with compliance concerns. That is why dealers are turning to FiQore to make F&I easier and more profitable.

How Does Your F&I Stack Up?

That’s a great question, but one we can’t answer without getting to know more about your dealership. The first step is “benchmarking” your F&I Department to identify what’s working and what’s not. All you need to do is collect a few data points and compare against industry standards. Sounds easy enough, right? The hard part comes next – defining a clear and actionable path to fix what’s broken and achieve positive results. That’s where FiQore can help with a myriad of solutions from outsourcing, new product offerings, training, and even reinsurance.

Benchmark Your F&I

Use our F&I benchmarking calculator below to see how your dealership is performing and identify areas to increase back-end revenue.

Calculate your dealership performance

computer mockup of the FiQore calculator to see how much you'll save

the word benchmark written on wooden cubes near a calculator and pen

Increase Profits

As every good business person knows, there are always ways to improve profitability, efficiency, or both. After a short benchmarking exercise, our expert team will provide a clear and actionable plan to maximize your backend by ensuring you have the right process and mix of products.

Some of our most successful dealers even provide an ancillary product like key replacement at no cost with every vehicle purchase to express their appreciation and create customer loyalty.

Is Your F&I Team Crushing It?

If so, you already appreciate the profitability of selling service contracts and GAP. However, it may be time to evaluate a reinsurance program. If you sell at least 35 service contracts per month, reinsurance is worth your time to explore. The immediate benefits of a reinsurance program are competitive pricing and improved customer satisfaction since you’re the one in control. The long-term play, though, is financial stability for your dealership even when the market and/or economic conditions are tight.