®®What is F&I?
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F&I stands for Finance & Insurance. It refers to the finance department at a car dealership that provides loans, verifies auto insurance, completes DMV docs, and offers service plans during a car purchase. What does an F&I Manager do?
An F&I Manager offers finance and insurance products during a car sale.
In addition, he or she prepares the legal documents, checks the deal structure for compliance, and reviews bank guidelines for loan funding. |
What is an F&I Menu?
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An F&I Menu is a list of insurance products offered during a vehicle purchase.
Menu presentation is beneficial to consumers and dealers because it gives a full disclosure of all possible products and allows buyers to choose some, all, or none. |
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