2019 course dates
INTRODUCTION TO F&I workshop
What is F & I?
F&I is a common term in the
automotive industry and is short for Finance and Insurance. Most dealerships
throughout the country have F&I offices to handle the calculation and paperwork
involved with the sale of a vehicle. In addition, the F&I office provides
consumers an opportunity to purchase ancillary products, such as e.g. vehicle
service contracts or a maintenance program sold in conjunction with the sale of
a vehicle.
The primary function of the F & I is to maximize the
overall profitability of the sales through promotion of value added products
and services.
A
professional F & I must make sure that the entire dealership understands
where F&I function fits in the bigger picture for total profitability, and
develop a set of optimum circumstances in which F& I productivity can
flourish.
The INTELLIGO Solutions programme incorporates the FAIS Fit and proper requirements of the;
FETC: Retail Insurance Qualification SAQA ID 66609 at
Level 4 minimum of 140 credits and the Unit Standard 259882 in this
programme will award you with 12 credits towards the FETC: Automotive Sales and
Support Services Certificate 64289 Level 4.
What are the minimum entry level learning requirements to enrol? Grade 12
On achievement of this unit standard, the learner will be able to:
- Advise customers on vehicle Finance options.
- Complete an application for financing a vehicle.
- Settle an outstanding amount of money owed to a bank, on behalf of a customer.
- Adhere to relevant finance legislation.
- Demonstrate an understanding of "add-on sales"
- Commence Career as an Assistant F&I.