It’s difficult to plan for the “100-year flood”, especially when it happens every 10 years. What 2008 and 2020 have shown us is the importance of partnering with an F&I administrator who provides you with access to capital generated by the products you sell. A solid F&I partnership is the best way to ensure you’re resilient during these times.
With F&I being the key source of revenue in building your wealth, your ability to leverage the process and technology, with visibility and transparency into reporting, is crucial. The most important partner and vendor in your business needs to be someone who is capable of guiding you on a path of building wealth and establishing the correct structure, building compliance, considering all insurance options, and advocating for your access to capital. In this webinar, we’ll show you how to be resilient in these challenging times.
Primary Learning Objectives:
1. Learn how a more granular approach to F&I, focused on structure and compliance, can help you build wealth.
2. Gain a better understanding of the comprehensive benefits and disadvantages of various F&I participation structures.
3. Learn how you can access more of your capital that would otherwise be tied up in trusts and how you could participate in underwriting profits.
4. Gain control over the underwriting and investment decisions that allow you to drive and build your business.
Founder & CEO, Dealer Owned Warranty Company
Michael LaMotta is the CEO of Dealer Owned Warranty Company. He founded DOWC® with lessons learned from almost 30 years of automotive experience, many of which spent as a car dealer and almost a decade spent on F&I administration. Headquartered in Ringwood, NJ, DOWC® is the fastest-growing service contract provider and administrator in the United States. DOWC offers customizable F&I products and expertise in compliance, as well as a full suite of technology designed to optimize productivity and expedite claims adjustments, processing, and reporting.
General Counsel, Dealer Owned Warranty Company