What are the Benefits of Selling GAP Insurance?
Vantage Finance » Auto Finance
by Trent Welch
4M ago
GAP insurance is designed to be protection for drivers when they purchase a new vehicle. It is advantageous in most situations for buyers to purchase GAP insurance when they purchase a vehicle, but they might not be aware of it or the benefits of having it. Dealerships will want to offer GAP insurance to buyers in most cases and will want to make sure they can explain what it is, what it covers, and how it benefits the customer. By selling it when it’s needed, dealerships can also see a number of benefits. What is GAP Insurance? Insurance may not cover everything in the event a car is totale ..read more
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4 Marketing Strategies for Overcoming Inventory Shortages
Vantage Finance » Auto Finance
by Trent Welch
5M ago
4 Marketing Strategies for Overcoming Inventory Shortages Reports show that the demand for vehicles has surged over the past year. Though the market slowed a bit during the pandemic, people who decided to wait until things returned to normal to purchase vehicles are now ready to take the plunge. At the same time, a growing number of people who own aging vehicles are realizing they need to upgrade. Under ordinary circumstances, this would be welcome news for dealerships. As we stand right now, though, it’s a bit of a problem. Production slowdowns in the automotive industry during the pandemic ..read more
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Should I Buy My Leased Car?
Vantage Finance » Auto Finance
by Trent Welch
6M ago
Leasing cars has historically been a great way to drive newer vehicles, change out a vehicle for a newer model every couple of years, and enjoy a vehicle without worrying about major repairs once the vehicle gets old. However, at some point, buyers will consider whether or not they should purchase a leased car. With everything happening right now, it may actually be a great idea to buy the leased car, especially if any of the following applies to the buyer.  If You Like the Car Buyers who like the car will want to consider buying it at the end of the lease. They’re already comfortable dri ..read more
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How to be profitable in an inventory shortage environment
Vantage Finance » Auto Finance
by Trent Welch
8M ago
Vehicles are in high demand these days with American consumers seeking out both new and used models. Ordinarily, that would be welcome news for the nation’s dealerships. After all, high demand typically means higher sales. In turn, generating more satisfied customers leads to positive reviews and valuable word-of-mouth advertising. That brings in even more business and sparks even higher profits. Of course, as so many of us are painfully aware, we’re not living in ordinary times right now. It seems the post-pandemic world is quite a bit different from the one we lived in before COVID-19 took i ..read more
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What Can Vantage Do For Your Dealership
Vantage Finance » Auto Finance
by Trent Welch
9M ago
Used-car sales have been outpacing new car sales before the pandemic and more so this time – with no signs of stopping. Prices for used cars continue to rise while demand still keeps on growing. Your independent auto dealership may be in a prime position to earn more, but are you taking advantage of the opportunities? Auto financing for independent dealers is one of the most significant income sources after car sales. However, not everyone in this business is using this. Most auto finance companies for used car dealers have a high barrier to entry. As a result, many dealerships have to face th ..read more
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Tips For Your F&I Team to Boost Sales Numbers
Vantage Finance » Auto Finance
by Trent Welch
10M ago
A recent study shows that more than 280 million registered vehicles are currently in the United States. This data is a clear indicator that running an auto dealership remains profitable as ever. However, not every business in this niche can meet its sales quota despite the consistent demand. Auto financing for independent dealers continues to be one of its top income sources. But you need to apply the proper techniques to secure a deal in most of your transactions. Your F&I team is vital in boosting your sales numbers. While the F&I manager holds an enormous responsibility in securing ..read more
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Why F&I For Independent Dealerships Is Important
Vantage Finance » Auto Finance
by Trent Welch
11M ago
An independent auto dealership’s finance and insurance (F&I) department is often perceived as tedious and restrictive by customers.  While it may be true in the past, a survey indicates that modern customers are now more likely to respond positively when approached by an F&I manager. That could be related to how the industry has changed to a more customer-friendly approach instead of pestering them with strict contracts.  The survey, which focused on buyer patterns and preferences, saw more than 40% of the respondents saying they would want to speak to an F&I manager to u ..read more
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Close Deals Faster With Dealer Finance Services
Vantage Finance » Auto Finance
by Trent Welch
1y ago
Many dealerships were affected by the pandemic and the global chip shortage that hit between 2020 and 2021. However, the industry was well on the road to recovery by the end of 2021, with many businesses and dealer finance services already back in full swing and planning for growth.  Whether you’re new to the industry or a seasoned veteran, you should know what successful dealerships are doing to grow their business and complete more deals. Approximately 17 million cars are sold each year in the US, which means tough competition. So, knowing the tricks around closing a car deal can come i ..read more
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Everything You Need to Know About Refinancing Your Car
Vantage Finance » Auto Finance
by Trent Welch
1y ago
After a year that caused many to have little to no need for driving, 2022 is looking to be a good year to get back on the road. Whether you’re looking for a new car or to reduce the monthly payments on your current vehicle, understanding the art of refinancing can save you a lot of money. If you’re thinking about getting a new vehicle, have you decided to buy it or lease it? Buying a used car and keeping it after it’s paid off may be the most cost-effective option. But what if you’re looking to have the features of a brand-new car?  Maybe you’re trying to reduce your monthly payments to s ..read more
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How to Grow Your Independent Car Dealership
Vantage Finance » Auto Finance
by Trent Welch
1y ago
How to Grow Your Independent Car Dealership  Though dealerships were badly affected by the pandemic, they were well on the road to recovery by the end of 2021. Instead of worrying about how to sustain the business, they’re now able to continue planning for growth.  Everything was radically transformed, new trends were introduced, and consumer behavior changed. Combining these with the number of cars sold each year in the US (17 million) means tough competition amongst dealerships, and the need for independent dealerships to expand their business increases.  What are some of the ..read more
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