Consumer expectations have changed for automotive retail, and dealerships need to evolve to meet the demand. Virtual F&I solves for both of these needs by creating a seamless, convenient experience for dealers, F&I managers and customers. Data shows that establishing these processes at your dealership increases efficiencies, maintains or improves PVR, solves for personnel needs and creates a better customer experience.
In this overview, we'll define Virtual F&I and showcase a few examples of how different Virtual F&I models can be put into practice at car dealers of all sizes, as well as how you can implement it with your existing technology.
Read on to learn why dealerships nationwide have successfully used this flexible process 30,000+ times.