Automotive Dealership I N S T I T U T E
|
|
|
- Erik Ellis
- 10 years ago
- Views:
Transcription
1 Automotive Dealership I N S T I T U T E F&I HYBRID PROGRAM FINANCE AND INSURANCE - PRIME LAWS, RULES AND REGULATIONS F&I MENU SELLING PROCESS/OBJECTION HANDLING FINANCE AND INSURANCE - NON-PRIME
2 AUTOMOTIVE FINANCE MANAGEMENT HYBRID ADI s Hybrid program was designed to combine online and in-class training to give our students an alternative option to our four-week in-class program. The program consists of three online sections and one week of in-class instruction at our campus in Scottsdale, Arizona. Here are some highlights: Three (3) self-paced online modules Only one (1) week of in-class training Graduate with a diploma Job placement assistance Mock interviews Professional resume preparation Affordable tuition Tuition financing available* Section 1 - Finance and Insurance Prime (Online Module) The F&I Department and The F&I Manager, Interest and Finance Charge Calculations, Credit and Prime Lending, Credit Bureaus, Prime Lending and Loan Process, Dealing with Lenders, Structuring and Placing the Loan, Qualifying/Deal Structuring. Section 2 - Laws, Rules and Regulations (Online Module) Truth-in-Lending Act, Regulation Z and M, Equal Credit Opportunity Act, Fair Credit Reporting Act, Magnusson-Moss Warranty Act, Used Car Rule, IRS Cash Reporting Rules, USA Patriot Act, Gramm-Leach- Bliley Act, Payment Packing and Disclosures. Section 3 - F&I Menu Selling Process/Objection Handling (Online Module) Introduction to Finance Products, F&I Menu Selling Process, F&I Menu Presentation Steps, Overcoming Customer Objections General Objections, Cost Objections and Product Objections, Credit Union Conversions. Section 4 - Finance and Insurance - Non-Prime (One week in-class instruction) Overview of Non-Prime Finance Lenders. Credit Bureaus, Budgeting and Deal Structuring for Non-Prime Lenders. Practicing With Real Deals. Special Finance Department Organization. Setting Up Procedures. Structur ing Special Finance Deals, Introduction to Internet Finance. * SLM Financial student loan tuition and living expense financing available to those who qualify
3 ONLINE PORTION SECTION I - FINANCE AND INSURANCE PRIME CHAPTER 1 THE F&I DEPARTMENT AND THE F&I MANAGER The F&I Department and The F&I Manager The F&I Department: A Dealership Profit Center Basic Finance Definitions F&I Department and F&I Manager F&I Manager and Sales Department The Business Office Finance and Dealership Terms CHAPTER 2 INTEREST AND FINANCE CHARGE CALCULATIONS Definitions APR and Add-On Types of Finance Charges on Contracts Simple Interest / Precomputed Interest (Rule of 78 s) Calculating Finance Reserve Dealer Rate Participation/Rate Caps CHAPTER 3 CREDIT AND PRIME LENDING Purchaser s Statement/Credit Application Overview Of Credit Bureaus Experian Credit Profile Report Equifax Credit Profile Report Trans Union Credit Profile Report Prime Lending and Loan Process Dealing with Lenders Credit Unions Four C s of Credit Structuring and Placing the Loan Lender Guidelines and Qualifying SECTION II - LEGAL COMPLIANCE LAWS, RULES AND REGULATIONS Regulation Z Truth in Lending Act Retail Installment Sales Contract Regulation M Truth in Lending Act Consumer Lease Agreement Regulation B Equal Credit Opportunity Act Fair Credit Reporting Act Holder In Due Course Magnusson-Moss Warranty Act Used Car Rule IRS Cash Reporting Rules USA Patriot Act OFAC-The Office of Foreign Assets Control Gramm-Leach-Bliley Act The Privacy Rule The Safeguards rule Payment Packing/Disclosing Procedures ADI s Online Program includes interactive elements and filmed examples of real-life situations that dealership managers face daily. In addition, all chapter tests and final homework assignment are completed and submitted electronically with results returned immediately. Students can earn college credit units, transferable to Northwood University. ADI is licensed by the State of Arizona Board for Private Postsecondary Education and approved by the Department of Education. This designation allows it to offer federal government-backed student loans.
4 SECTION III - F&I MENU SELLING PROCESS/ OBJECTION HANDLING CHAPTER 1 INTRODUCTION TO FINANCE PRODUCTS/ GENERAL PRODUCT KNOWLEDGE Extended Service Contract Vehicle Maintenance Care Credit Insurance Guaranteed Auto Protection GPS Security and Tracking System Vehicle Tracking / Recovery System - Lojack Security Code Marking System Interior and Exterior Protection CHAPTER 2 F&I MENU SELLING PROCESS Custody of the Customer Customer Interview Process Meet & Greet Review and Confirm the Figures Review Purchaser s Statement and Credit Report F&I Menu Presentation CSI / Profit Legal Compliance Time Efficiency The 300% Rule Contract Disclosures F&I Menu Presentation Example STEP I: Customer Interview Process STEP II: Legal and Registration Paperwork STEP III: Product Presentation STEP IV: Contract Disclosure Download Chapter 2 PDF CHAPTER 3 OVERCOMING CUSTOMER OBJECTIONS Objection Handling I m Not Interested in Hearing About any Products I Can t Afford Additional Protection Putting the Cost in Perspective ESC vs. Manufacturer s Warranty ESC Value vs. Insurance Coverage ESC vs. My Personal Mechanic 99.9% Close ESC: A No-Lose Option ESC: Cost vs. Coverage I Already Have Life Insurance I Am Not Interested In Disability Insurance GAP vs. Vehicle Replacement Costs GPS Security Systems vs. Alarms Anti-Theft System vs. Vehicle Replacement Costs Appearance Package vs. Vehicle Trade-In Value Credit Union Conversions COURSE OUTLINE EXPAND F&I MENU SELLING PROCESS FINANCE MENU PRESENTATION CURRENT STATUS SECTION 3 CHAPTER 2
5 IN-CLASS PORTION SECTION IV - FINANCE AND INSURANCE - NON-PRIME DAY 1 FINANCE AND INSURANCE -- NON-PRIME Introduction and Benefits of Non-Prime Finance Non-Prime Finance Terminology Overview of Non-Prime Finance Lenders Non-Prime Deal Structure Guidelines Advance / Amount Financed / Budget / Credit / Customer Profile DAY 2 FINANCE AND INSURANCE -- NON-PRIME How to Read and Interpret Lenders Guidelines Structuring Non-Prime Real Deals Loan Process and Funding Income Calculations DAY 3 FINANCE AND INSURANCE -- NON-PRIME Credit Bureaus How to read and analyze Experian How to read and analyze Equifax How to read and analyze Trans Union Budgeting for Non-Prime Lenders Calculating Income for Budgeting Purposes DAY 5 DEAL STRUCTURING Structuring Special Finance Deals Practicing With Real Deals ProMax Online Special Finance Software DAY 4 FINANCE AND INSURANCE-- NON-PRIME Special Finance Department Organization How to Set Up a Successful Special Finance Department Setting Up Procedures The week in-class section focuses on the non-prime market segment and includes an introduction to non-prime finance terminology, deal structure guidelines, income calculations for budgeting purposes and procedures for setting up a successful special finance department. Students wanting greater interaction throughout the course can opt for the additional optional week in-class instruction in Scottsdale, consisting of finance menu presentation, objection handling, practice and final videotaping of presentation, included in the tuition.
6 Our experience and track record speaks for itself F&I HYBRID PROGRAM Finance and Insurance - Prime Laws, Rules and Regulations F&I Menu Selling Process/Objection Handling Finance and Insurance - Non-Prime Automotive Dealership Institute 6613 N. Scottsdale Road, Suite 100 Scottsdale, AZ Toll-Free Local Fax Automotive Dealership I N S T I T U T E
FINANCING 101234 567890 123456
FINANCING 101234 567890 123456 FINANCING 101 With a typical Hyundai Finance lease, you re covered for normal wear and use without having to pay additional charges at the end of the term. And while it s
FINANCING 101. The smartest way to finance.
FINANCING 101 Vehicle financing can be complicated, but it doesn t have to be. To help you weigh your options, we ve simplified key information about buying, leasing and the basics of financing. The smartest
Share of Dealership Profits. Auto Lending Abuses: The Pitfalls of Financing Cars. Car Lending Abuses. The Trust Tax.
Share of Dealership Profits 70.0% 60.0% Auto Lending Abuses: The Pitfalls of Financing Cars 50.0% 40.0% 30.0% Presentation of Chris Kukla NC State Bar Legal Assistance for Military Personnel Meeting October
Understanding Vehicle Financing
Understanding Vehicle Financing Understanding Vehicle Financing With prices averaging more than $31,000 for a new vehicle and $17,000 for a used model from a dealership, you might consider financing or
Familiarize yourself with laws that authorize and regulate vehicle dealership financing and leasing.
W ith prices averaging more than $28,000 for a new vehicle and $15,000 for a used vehicle, most consumers need financing or leasing to acquire a vehicle. In some cases, buyers use direct lending: they
YOU CAN BUY A CAR LIKE A PRO. LET US SHOW YOU HOW. Car Buying 101
YOU CAN BUY A CAR LIKE A PRO. LET US SHOW YOU HOW. HOW MUCH CAN YOU AFFORD TO SPEND? RESEARCH, RESEARCH, RESEARCH BEFORE YOU SHOP. A good rule of thumb is to consider a monthly auto payment that should
AUTO HISTORY. Resources: Check the vehicle history report using the car s VIN number.
This guide was created to help you with your first motor vehicle transaction and to make you aware of the many facets of the car buying process. Hopefully, with the help of this guide, your car purchasing
ANNUAL FINANCIAL PROFILE OF AMERICA S FRANCHISED NEW-CAR DEALERSHIPS
215 ANNUAL FINANCIAL PROFILE OF AMERICA S FRANCHISED NEW-CAR DEALERSHIPS Overview Steven Szakaly Chief Economist, NADA NADA Data the annual financial profile of new-car dealerships includes the many major
Business owner s guide. Buying a vehicle for your business
Business owner s guide Buying a vehicle for your business 1 Setting your business finances up for success Maintaining healthy financial boundaries starts by keeping your business expenses and purchases
Purchasing a Car. Latino Community Credit Union & Latino Community Development Center
Purchasing a Car Latino Community Credit Union & Latino Community Development Center PURCHASING A CAR Latino Community Credit Union & Latino Community Development Center www.latinoccu.org Copyright 2013
ACVL Web Site LEASING VS. BUYING QUIZ
ACVL Web Site LEASING VS. BUYING QUIZ There are many factors to consider when deciding whether to lease or finance your next vehicle. To help consumers weigh their circumstances and understand whether
Auto Finance Origination Trends Dealer and Consumer Finance Satisfaction
Auto Finance Origination Trends Dealer and Consumer Finance Satisfaction Insights from: * J.D. Power Information Network (PIN) * 2014 US Dealer Financing Satisfaction Study SM * 2014 US Consumer Financing
Presentation Slides. Lesson Nine. Cars and Loans 04/09
Presentation Slides $ Lesson Nine Cars and Loans 04/09 costs of owning and operating a motor vehicle ownership (fixed) costs: Depreciation (based on purchase price) Interest on loan (if buying on credit)
Auto Buyer s Workshop. Keynote Presenters Ron Goodwine Member Auto (Account Executive) Bob Brisson Auto Connection Plus (President)
Auto Buyer s Workshop Keynote Presenters Ron Goodwine Member Auto (Account Executive) Bob Brisson Auto Connection Plus (President) Agenda Ron Goodwine Extended Warranty Understanding the value Bob Brisson
Introduction. Purpose. Student Introductions. Objectives (Continued) Objectives
Introduction Instructor and student introductions Module overview 1 2 Your name Student Introductions Your expectations, questions, and concerns about loans Purpose Loan to Own provides general information
Take the Wheel. Take the Wheel: Get the Best Car Deal
Take the Wheel: Get the Best Car Deal Seminar objectives Determine how much car you can afford Use a car inspection and test-drive checklist Negotiate the best car price Decipher financing options and
dealereprocess.com 877-551-2555
dealereprocess.com 877-551-2555 DEALERSHIP WEBSITES The future of the automotive industry has arrived, and you need a website provider that offers a responsible, yet RESPONSIVE solution. Your customers
THE ENCYCLOPEDIA OF FINANCE AND INSURANCE MANAGEMENT
THE ENCYCLOPEDIA OF FINANCE AND INSURANCE MANAGEMENT First Edition THE AUTOMOTIVE DEALERSHIP INSTITUTE, INC. Arzu Algan, CFO/Dean of Education Alan Algan, CEO/Executive Director Keith Tuber, President/Director
HOW TO COMPLY WITH THE GRAMM-LEACH-BLILEY ACT
HOW TO COMPLY WITH THE GRAMM-LEACH-BLILEY ACT The information contained herein has been provided by Keith E. Whann and Deanna L. Stockamp of the law firm Whann & Associates and is for general information
Add-ons and Loan Packing: How and why car dealers pack loans and the products they use to do it
Add-ons and Loan Packing: How and why car dealers pack loans and the products they use to do it Mark H. Steinbach, O'Toole, Rothwell, Nassau & Steinbach John W. Van Alst, The National Consumer Law Center
lesson nine cars and loans overheads
lesson nine cars and loans overheads the cost of owning and operating a motor vehicle ownership (fixed) costs: Depreciation (based on purchase price) Interest on loan (if buying on credit) Insurance Registration
AUTO DEALER SALES DEPARTMENT LEGAL COMPLIANCE
FINANCE & INSURANCE ADVERTISING WARRANTIES PRIVACY INFORMATION SAFEGUARDS IDENTITY THEFT ADVERSE ACTION NOTICES TELEMARKETING OFAC CASH REPORTING SIGNS AND NOTICES DEALER PLATES California Edition California
Buying with credit lets you purchase something and use it while you are still paying for it.
8) Credit Buying with credit lets you purchase something and use it while you are still paying for it. There are two common types of credit: Credit Cards Offered by credit card companies, department stores
Getting a Vehicle Loan
Getting a Vehicle Loan Section Objectives Buying a vehicle is a major purchase. You can borrow the money you need from a bank, a credit union or other financing company, many people like to finance through
How to handle data privacy issues in the car industry
How to handle data privacy issues in the car industry Björn Kjellén Chief information security officer (CISO) introduction The Automotive industry is now delivering vehicles with connectivity for exchange
CAR BUYER CHECK list VEHICLE: (Make) (Model) (Year)
CAR BUYER CHECK list VEHICLE: (Make) (Model) (Year) (Odometer) (VIN) (Stock Number) DEALER: The Dealer above declares the following information to be true and correct as to the Vehicle described above:
Take Control of Debt Term Loans
Lesson 12 Take Control of Debt Term Loans Lesson Description This lesson examines the features of a loan with a fixed period of repayment (term loan). Using an interactive definition, students focus on
A.MORTGAGE LENDER B. CREDIT CARD ISSUER C.HOME INSURER E. ELECTRIC COMPANY F. LANDLORD G.ALL OF THE ABOVE D.CELL PHONE COMPANY
1. WHICH OF THE FOLLOWING MIGHT USE CREDIT SCORES? A.MORTGAGE LENDER B. CREDIT CARD ISSUER C.HOME INSURER E. ELECTRIC COMPANY F. LANDLORD G.ALL OF THE ABOVE D.CELL PHONE COMPANY 1. WHICH OF THE FOLLOWING
How To Get A Car Insurance Policy In The Uk
GAP insurance covers the scenario that GAP Insurance (or Guaranteed Asset Protection Insurance) Your vehicle is labelled a total write off or stolen and unrecoverable by your motor insurer; and Your motor
Increase CSI, Sales and Gross by Catering to Consumers with an Interactive Digital Buying Experience
Increase CSI, Sales and Gross by Catering to Consumers with an Interactive Digital Buying Experience Ali Mendiola Why do we go to work every day? To sell cars!!!!!! To make $$$$ What s the easiest way
PAYDAY AND TITLE LOANS
PAYDAY AND TITLE LOANS Payday loan? A payday loan also known as cash advance is a form of an unsecured, short term loan that is meant to cover applicant s short term expenses. The loan is repaid on an
Special Finance is back!
Special Finance is back! Maximize your dealership s opportunities Learn the lenders, inventory, marketing and sales process your store needs to deliver and fund those special finance prospects. John Palmer,
Auto Buying. Tips for you to get the most out of your auto dollars
Auto Buying Tips for you to get the most out of your auto dollars Table of Contents 3 Factors to Consider When Buying a Vehicle 3 Car Buying Tips 4 Car Buyers Worst Mistakes 5 Buy the Safest Car You Can
$uccessful Start, Sponsored by the Office of Student Services, Presents: HOW TO PLAN FOR MAJOR PURCHASES
$uccessful Start, Sponsored by the Office of Student Services, Presents: HOW TO PLAN FOR MAJOR PURCHASES MAJOR PURCHASES Borrowing money Car Options* Leasing (or do you want to own a wasting asset) Buying
Lifetime Auto Loan. Bethpage Federal Credit Union. Purdue Employees Federal Credit Union. Motorola Employees Credit Union
Lifetime Auto Loan Business Plan Prepared by i 3 The Edge Linda Armyn Danielle Chatfield Bob Falk Elizabeth Monroy Mike Murphy David Pope Darin Woinarowicz Bethpage Federal Credit Union Kemba Financial
$uccessful Start and the Office of Student Services Present: THE WINNING SCORE
$uccessful Start and the Office of Student Services Present: THE WINNING SCORE QUESTIONS TO BE ANSWERED How is a credit score calculated? Why is a credit score important? How can I improve my credit score?
Teacher's Guide. Lesson Eight. Cars and Loans 01/11
Teacher's Guide $ Lesson Eight Cars and Loans 01/11 cars and loans websites websites for cars and loans The internet is probably the most extensive and dynamic source of information in our society. The
MOTOR VEHICLE DEALER SALESPERSON STUDY GUIDE MATERIALS
MOTOR VEHICLE DEALER SALESPERSON STUDY GUIDE MATERIALS 2201 West Broad Street, Suite 104 Richmond, Virginia 23220 804-367-1100 www.mvdb.virginia.gov MVDB 35 REVISED 07/01/15 INTRODUCTION This study guide
DMS Guide. Nowcom Corporation
DMS Guide Nowcom Corporation 2 Administration and Settings Dealer Center DMS allows you to manage your dealership settings in one location. 1. Click on the Admin icon and select dealer options. 4. Create
SHOW-ME LOANS APPLICATION
Missouri Assistive Technology 1501 NW Jefferson Street Blue Springs, MO 64015 Voice: 800-647-8557 (in-state only) or 816-655-6700 TTY: 800-647-8558 (in-state only) or 816-655-6711 www.at.mo.gov Application
New Cars Buying from a Licensed Dealer New Vehicle Warranty Florida s New Car Lemon Law
Buying a car is one of the most important and most expensive decisions most of us have to make. There is certainly no shortage of vehicles available, but buyers must know what to look for, what to ask
GPS & PAYMENT ASSURANCE TECHNOLOGY. Are you compliant? Presented by Eric Johnson, Hudson Cook Corinne Kirkendall, PassTime
GPS & PAYMENT ASSURANCE TECHNOLOGY Are you compliant? Presented by Eric Johnson, Hudson Cook Corinne Kirkendall, PassTime SCOPE OF THE TRAINING Review of the GPS and Payment Assurance Technology History
Drive Away Happy: Car Buying Decisions
Drive Away Happy: Car Buying Decisions Buy new, buy used, or lease? These are just a few of the many decisions you ll need to make before happily driving away with a vehicle. While shopping for a car 888.456.2227
FINANCING A SEMI TRUCK OR TRAILER
The Ultimate Guide to FINANCING A SEMI TRUCK OR TRAILER Presented by Maxim Truck & Trailer Nearly every big business was once little more than an idea scrawled out on the back of a napkin. Because they
Buy, Stock & Trade With Confidence Introducing
Buy, Stock & Trade With Confidence Introducing Trade Value Protection Market Value Protection Buyback Guarantee NxGen360 is an Exclusive Distribution Partner for R.V.I. America 2014 R.V.I. America Insurance
Welcome. 1. Agenda. 2. Ground Rules. 3. Introductions. Loan To Own 2
Loan To Own Welcome 1. Agenda 2. Ground Rules 3. Introductions Loan To Own 2 Objectives Identify various types of installment loans Identify the factors lenders use to make home loan decisions Identify
I ll drive. Life happens in your car. Let s make sure it s a good one.
auto center you navigate, I ll drive. Life happens in your car. Let s make sure it s a good one. GET BEHIND THE WHEEL FOR LESS. Buying a car should be fun, not frustrating. Hit the road in no time with
Chapter 06. What is Consumer Credit? Chapter 6 Learning Objectives. Introduction to Consumer Credit
Chapter 06 Introduction to Consumer Credit McGraw-Hill/Irwin Copyright 2012 by The McGraw-Hill Companies, Inc. All rights reserved. 6-1 Chapter 6 Learning Objectives 1. Define consumer credit and analyze
How do I get good credit?
Slide 1 Credit The information provided in this e-course is intended for educational purposes only and does not constitute specific advice for you as an individual. When evaluating your particular needs,
focused on me Vehicle Financing Guide
focused on me Vehicle Financing Guide Table of Contents Lease or Finance? 1 Cost of Buying a Vehicle 2 What you need to know about Financing 2 Understanding Vehicle Loan Financing Basics 3 Options for
2.2. Buying a New Vehicle
Adapted from Grade 12 Essential Mathematics (40S) A course for independent study. Manitoba Education. 2013. 2.2 Buying a New Vehicle Along with deciding which type of vehicle to purchase, you will need
Understanding Credit Cards
Understanding Credit Cards INTRODUCTION This brochure can help you understand how credit cards work, become familiar with common terms offered with a credit card, and avoid the dangers of using credit
Teacher's Guide. Lesson Nine. Cars and Loans 04/09
Teacher's Guide $ Lesson Nine Cars and Loans 04/09 cars and loans websites Being prepared is the best way to keep car-buying choices and decisions on the right track. Students need to examine all aspects
Presentation Slides. Lesson Eight. Cars and Loans 04/09
Presentation Slides $ Lesson Eight Cars and Loans 04/09 the costs of owning and operating a car Ownership (fixed) costs: Purchase price Sales tax Registration fee, title, and license Financing costs Insurance
Collateral Management Systems: The Benefits of Deploying for Vehicle Finance.
WHITE PAPER s: The Benefits of Deploying for Vehicle Finance. The difference between 680 and 700 is 20... LoanPlus.com However, in the world of vehicle finance, those numbers have a deeper and greater
SM4-1: Credit Card Application (version 1)
SM4-1: Credit Card Application (version 1) SM4-1: Credit Card Application (version 1) pg. 1 of 2 SM4-1: Credit Card Application (version 1) continued SM4-1: Credit Card Application (version 1) pg. 2 of
California Auto Dealer Advertising Law Manual
California Auto Dealer Advertising Law Manual Manning, Leaver, Bruder & Berberich Attorneys At Law Los Angeles, California This publication is not intended, nor should it be received, as legal advice or
Establishing and maintaining good credit is an important part of financial planning. Typically most individuals do not have enough cash on hand for
Basics of Credit Establishing and maintaining good credit is an important part of financial planning. Typically most individuals do not have enough cash on hand for emergencies, or to make major purchases
Preferred Dealer Network. Better Leads. Better Results. A smarter spend for your marketing dollars.
The new and improved RoadLoans.com The first lead and lending program that offers a guaranteed approval for every customer that arrives at your store. 2008: Acquired business from Triad Financial 2009:
Credit Score Secrets Revealed
Credit Score Secrets Revealed This Complementary Special Report was prepared by: 2 The Secrets Behind Your Credit Scores Your life is your credit. And your Credit Score is the key to everything. As important
DELIVERY AND HANDLING (D&H): COLORADO COMPLIANCE GUIDANCE
DELIVERY AND HANDLING (D&H): COLORADO COMPLIANCE GUIDANCE Background / Overview Dealer fees (most commonly referred to as Delivery and Handling fees) are permitted in Colorado--absent any specific prohibition.
Building Your Future A Student and Teacher Resource for Financial Literacy Education
Building Your Future A Student and Teacher Resource for Financial Literacy Education Copyright 2009, 2011 The Actuarial Foundation About This Book Personal finance is part knowledge and part skill and
what every insurance agent needs to know about credit-based insurance scores
what every insurance agent needs to know about credit-based insurance scores What every insurance agent needs to know about credit-based insurance scores... Insurance agents have the complex job of being
Congratulations on your new Mazda! This lease guide is designed to give you helpful information about:
Congratulations on your new Mazda! This lease guide is designed to give you helpful information about: Online Account Management Making Payments Moving Insurance Requirements What to Do in Case of an Accident
MOTOR VEHICLE DEALER-OPERATOR STUDY GUIDE MATERIALS
MOTOR VEHICLE DEALER-OPERATOR STUDY GUIDE MATERIALS 2201 West Broad Street, Suite 104 Richmond, Virginia 23220 804-367-1100 www.mvdb.virginia.gov MVDB 34 REVISED 07/01/15 INTRODUCTION This study guide
Automotive Compliance Showroom Manager process Training Module.
Automotive Compliance Showroom Manager process Training Module. Mandatory Dealership Policy. ALL RETAIL customers must be taken through the Automotive Compliance Showroom Manager process, irrespective
Understanding Credit
Understanding Credit Topics covered: Establishing Credit Credit Scores Repairing Credit Why is credit necessary? Applying for a loan Applying for a credit card Applying for a mortgage Renting an apartment/house
Student Activities. Lesson Eight. Cars And Loans 04/09
Student Activities $ Lesson Eight Cars And Loans 04/09 the operating costs of a car Model year Make, size, model Fixed costs Depreciation: Purchase price $ divided by estimated life of years $ Annual insurance
Buying a Car. A Car Means Convenience. Which Car is Right for You?
Buying a Car A Car Means Convenience It s Wednesday morning and you are sleeping soundly, dreaming about that Hawaiian vacation you d like to take. Suddenly you hear, instead of ocean waves, a loud buzz.
Car loans. Richie found it pays to shop around. How do car loans work? Factsheet. August 2011
Factsheet August 2011 Apart from your home, a car is one of the biggest single purchases you re ever likely to make. If you don t have the cash to pay for it upfront, you ll need to borrow money. And,
Understanding automotive loan charge-off patterns can help mitigate lender risk
Understanding automotive loan charge-off patterns can help mitigate lender risk Market Insight from Experian Page 1 Understanding automotive loan charge-off patterns can help mitigate lender risk Executive
and Cars FDIC Money Smart for Young Adults Building: Knowledge, Security, Confidence
Paying for College and Cars FDIC Money Smart for Young Adults Building: Knowledge, Security, Confidence Purpose The Paying for College and Cars module provides general information on installment loans,
Leasing vs. Buying A NEW CAR BROUGHT TO YOU BY
Leasing vs. Buying A NEW CAR BROUGHT TO YOU BY THE SAME BUT DIFFERENT Even though these cars are identical, the methods to pay for them are very different The basics of LEASING Leasing is sort of like
Getting Ready to Buy a Vehicle
Getting Ready to Buy a Vehicle Section Objectives Now that you have determined how much you can afford, it s time to make a decision on how you are going to pay for the vehicle you have selected. It is
Lending 101 The Basics
Lending 101 The Basics Overview Loan categories Credit types Different loan types Interest rate Applying for a loan Credit & credit reports Simple loan tips Test Loan Categories Secured loan - a loan that
PELLISSIPPI STATE TECHNICAL COMMUNITY COLLEGE MASTER SYLLABUS CREDIT & COLLECTIONS CUE 2050
PELLISSIPPI STATE TECHNICAL COMMUNITY COLLEGE MASTER SYLLABUS CREDIT & COLLECTIONS CUE 2050 Class Hours: 3.0 Credit Hours: 3.0 Laboratory Hours: 0.0 Date Revised: Spring 00 Catalog Course Description: