CONTRACTS
BEHIND THE SCENES
F&I
INVENTORY
PHONES
100

3 EXTREMELY important parts of the INSTALLMENT CONTRACT


What is: Finance charge, RATE, Monthly Payment, Monthly Payment Date

100

NEEDED WHEN KY DL ADDRESS DOES NOT MATCH ADDRESS ON APPLICATION


What is: POR


100

THE MOST WE CAN MAKE ON EMRP AND THE DOLLAR AMOUNT THAT MAXES OUT PROFIT?


What is: $1450/$2400

100

VEHICLES YOU CAN WIN LUNCH UPON SELLING


What is: ANY OF THE pink stickers (ex. DODGE DURANGO)

100

THE BEST TOTAL LOSS CUSTOMER TESTIMONY TACTIC


What is: SELL EMOTIONAL RESULT

200

The best way to confirm income type


What is: Are you salary or Hourly?

200

CAR INSURANCE REQUIREMENT WHEN FINANCING WITH GLS


What is: 6 MONTH POLICY

200

THE AVERAGE % GAP COVERS THROUGH OTHER INSURANCE COMPANIES


What is: 25%

200

WHAT HAPPENS TO A TEMP TAG AFTER IT A CAR RETURNS


What is: PUT TEMP TAG IN BACK OF TEMP TAG BINDER (KEEP FOR LIFE!)

200

TACTIC TO USE WHEN A CUSTOMER DOESN'T WANT TO DRIVE FROM FAR AWAY


What is: "Mr. & Mrs. Jones" - customers drive from that far all the time AND ease of process

300

Info needed for TRADE APPRAISAL in "ACE"


What is: Lender, Per Diem, Payoff & Acct. #

300

INFO SHOWN ON UPDATED INSURANCE POLICY


What is: CUSTOMER NAME, VIN, DATE

300

AN EFFICIENT WAY TO OVERCOME EMRP OBJECTION: I CAN’T AFFORD IT?



What is: Reduce to ridiculousness OR One Bad DAY OR IT’S EASIER TO COME UP WITH $2/DAY THAN A $3,000 UNEXPECTED REPAIR BILL

300

THIS CHANGES WHEN MILES ROUND UP TO THE NEXT THOUSANDTH MILE?


What is: PRICE STICKER

300

WHAT YOU DO WHEN A CUSTOMER WANTS TO BOOK APT 5 DAYS AWAY?


What is: TENATIVE APT AND FLWP DAY 3 TO CONFIRM DAY/TIME… CALL DAY BEFORE APT/MORNING OF/TIME OF/1 HR AFTER/1 TIME BEFORE EOD, AND 1ST THING NEXT MORNING

400

An efficient way of explaining the CONDITIONAL DELIVERY AGREEMENT


What is: "WE OWN CAR UNTIL WE GET PAID FROM BANK OR CHECK CLEARS"

400

WHAT TO LOOK FOR WHEN YOU GET A PAYSTUB


What is: CUSTOMER NAME/ADDRESS, EMPLOYER NAME/ADDRESS/PHONE NUMBER, YTD/TAXES, PAY DATES, PRE-CALCULATE SEE IF YOU NEED A START DATE AND SEE IF IT MATCHES WHAT IS ON CREDIT APP.

400

WHY GAP WON'T COVER A CLAIM?



What is: IF INSURNACE DOESN’T COVER T/L AND IF CUSTOMER OWES LESS THAN CAR IS WORTH

400

3 GOOD MOMENTS TO SEED PLANT "eMRP"



What is: ON PHONE WHILE BOOKING APPT, DURING FACT FIND & DURING PRESENTATION

400

QUESTIONS ASKED TO THE CUSTOMER TO ENSURE YOU BOTH ON THE SAME PAGE


What is: MICROCOMMITMENTS

500

Info needed for Outside Financing/Credit Union


What is: "CORRECT BANK NAME/ADDRESS/BUYERS ORDER SIGNED BY CUSTOMER AND MANAGER/CASHIERS CHECK"

500

SOMETHING A CUSTOMER PUTS ON DMV DOCUMENTS THAT IS NOT ON THE APPLICATION MOST OF THE TIM


What is: MIDDLE NAME

500

NOT SPOKEN ALOUD WHILE PRESENTING FINANCING NUMBERS?



What is: THE ACUTAL NUMBERS/AMOUNTS OF EACH SECTION ON LEFT SIDE MENU

500

OUR 3RD ROW-HYBRID AWD VEHICLE PRICED AGGRESSIVLY RIGHT NOW?


What is: MAZDA CX90

500

ONE VALUE STATEMENT FROM EACH TEAM


BEYONCE CHOOSES WHOSE IS BEST :)

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