Finance & Insurance
The Finance & Insurance department is one of the most critical, most profitable departments your dealership runs. It can help to multiply the profitability of a sale, improve the customer’s purchase and ownership experiences and ultimately make your business more successful.
FTC Safeguards Rule Compliancy
You can satisfy the new FTC Safeguards Rule requirements yourself or partner with a company that offers these services consider downloading this two-page resource from MRAA Education Champion 700Credit, which is one of several companies providing services to help dealers prepare for compliance with the amended regulation.
5 Tips to Let ‘LTV’ Work for You
Understanding Loan-to-Value (LTV) is crucial in the Finance and Insurance (F&I) process, as it can help appease your customer’s needs and boost your dealership’s profitability. Elite Recreational Finance, an MRAA Education Champion, provides for you this handy infographic to help your team preserve your margins while also helping your customers grasp LTV.
Guide to Creating a Compliance Process
MRAA’s “Guide to Creating a Compliance Process” is a 30-plus page publication to ensure that marine retailers have the information, tools and processes in place to protect their businesses, team and customers.
MEMBERS ONLY:
Guide: How to Read a Credit Report
A detailed guide, covering auto, boat & real estate loans, available credit, derogatory items, open trade line inquiries, employee information and more.
This guide to reading a credit report is provided to you and your fellow marine dealership professionals through MRAA’s partnership with 700Credit.
Boat Loan Calculator
Show your potential customers how affordable boating can be by embedding this resource on your website. This resource is made available to you by Discover Boating.
F&I Menu Selling
Create and find success with menu selling in your dealership with resources found in David Parker’s presentation. The first piece of the presentation is about menu selling in your Service Department. If you scroll about two-thirds of the way through the presentation, you will find a section on menus for your F&I department.
5 Tips for Successful Boat Show Financing
Discover key strategies for successful boat show financing in our latest video featuring Jared Zimlin from Elite Recreational Finance, an MRAA Education Champion. Learn how leveraging better lender programs and securing credit applications from potential customers can significantly increase your chances of closing sales and delivering more boats. Implement these expert tips to set proper expectations and boost your boat show success.
Four Square Closing Worksheet
Find out what kind of buyer your customers are with The Four Square Closing Worksheet. Are they a cash buyer, a payment buyer, do they have a trade-in or are they a difference buyer? Similar to those used by automobile dealers to “desk” deals with prospective customers.
7 Keys to a Better Finance Process
Improve the speed and accuracy of your finance process with MRAA Partner Member AppOne 7-areas of focus resource.
