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CCI LEARNING CENTER Menu Sales INCREASING F&I PERFORMANCE Without Jeopardizing Customer Relations

CCI LEARNING CENTER

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CCI LEARNING CENTER. Menu Sales INCREASING F&I PERFORMANCE Without Jeopardizing Customer Relations. Presented by:. REBECCA CHERNEK PRESIDENT , CEO CCI Learning Center - PowerPoint PPT Presentation

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Page 1: CCI LEARNING CENTER

CCI LEARNING CENTERMenu Sales

INCREASING F&I PERFORMANCEWithout Jeopardizing Customer Relations

Page 2: CCI LEARNING CENTER

Presented by:

REBECCA CHERNEKPRESIDENT, CEO

CCI Learning Center Established in 2001, a Proven Leader in providing

Finance & Insurance Training for Automotive, RV, Marine, PowerSport Dealers Nationwide.

www.ccilearningcenter.com

Page 3: CCI LEARNING CENTER

WHY MENU SELLING Product Offering Consistency Product Pricing Consistency Increase Performance Significantly Reduce Errors Reduce Customer Sales Resistance Reduce Product Pricing Negotiation Maintain Creditability Even… “Reduce Liability”

Page 4: CCI LEARNING CENTER

INTERVIEW Meet Customer On “Their Terms” Establish Common Bond Build Rapport Qualify the Sale for Product Closes Review Credit/Pay Back History for Bank

Approval and Advances Maintain Creditability at All Times

Page 5: CCI LEARNING CENTER

Buyers Agreement Title Information Purchased Unit Trade In (if applicable) Determine Driving Habits- (how long do

they anticipate they will keep the unit?) Maintenance of Unit-Customer Retention Insurance Information Buying Numbers Always “ask” for additional money down!

Page 6: CCI LEARNING CENTER

Customer Statement Confirm Loan Status Where will the unit be stored? Residence Time and Mortgage/Rent

Payment Employment History Income or Additional Income Paying into Health Benefits at Work Banking Requirements Confirm Disability Coverage

Page 7: CCI LEARNING CENTER

Review Credit Bureau Determine Privacy-Safeguard Customer

Information. Review any Slow Pay History while Being

Careful not to Intimidate the Customer. Provide Customer With Customer

Explanation Form to Explain Slow Pay Back History to Banks in Customer Own Terms.

Established Excellent Pay History Doesn’t Require a Credit Review.

Page 8: CCI LEARNING CENTER

PRODUCT KNOWLEDGE

YOU CAN’T SELL WHAT YOU DON’T KNOW

Page 9: CCI LEARNING CENTER

PRODUCTS YOU MIGHT OFFER SERVICE CONTRACT WINDSHIELD PROTECTION TIRE & WHEEL GAP KEY REPLACEMEMT CREDIT LIFE/DISABILITY ACCESSORIES CONRACTS PAINT & FABRIC PROTECTION ROAD SIDE ASSISTANCE

Page 10: CCI LEARNING CENTER

PRODUCT PRICING

ARE YOU CHARGING ONE CUSTOMER A HIGHER PRICE THAN

ANOTHER?

Page 11: CCI LEARNING CENTER

PRODUCT OFFERING

BE CONSISTENT… DON’T PICK AND CHOOSE!

100% PRODUCTS TO 100% OF YOUR CUSTOMERS 100% OF THE TIME!

Page 12: CCI LEARNING CENTER

MENU IS NOT A SCROLL

PRESENT CORE PRODUCTS ONLY! KEEP IT SIMPLE! MORE PRODUCTS DO NOT MEAN

MORE MONEY! MORE PRODUCTS REDUCES YOUR CREDITABILITY AND

RAISES CUSTOMER SALES RESISTENCE!

Page 13: CCI LEARNING CENTER

BE MINDFUL OF PRODUCT PLACEMENT

DON’T MIX MATCH PRODUCTS! KEEP CONISTENT DROP OFF IN UNISON!

Page 14: CCI LEARNING CENTER

DISCOUNT WITH CREDITABLITY

USE COUPONS TO JUSTIFY DISCOUNTS!

Page 15: CCI LEARNING CENTER

PREPARING YOUR MENU

Page 16: CCI LEARNING CENTER

PRESENTATION OF MENU

Review Title Information Review Unit Purchased Review Trade In Amount Review Base Payment Review Apr Options Review Terms Review Amount Financed

Page 17: CCI LEARNING CENTER

Customer Information

Unit Information

Page 18: CCI LEARNING CENTER

Trade In

Finance Details

Page 19: CCI LEARNING CENTER

PRESENTATION OF OPTIONS

Keep it Simple Don’t Pitch Products Explain Features & Benefits of Products Do not OVERLOAD Customer with Point of Sale

Material! Use Afterwards! Review Payment Options (2) Preferably B4 Going to Next Option Make Sure Your

Customer is Following You! (test the waters) Give Risk of Deleting Product Provide Payment

Options. Three or Four Options is Optimal

Page 20: CCI LEARNING CENTER

OVERCOMING OBJECTIONS

OVERCOMING OBJECTIONS IS EASY WHEN YOU’VE DONE A COMPLETE AND EFFECTIVE INTERVIEW… “BASED ON

WHAT YOU TOLD ME EARLIER”…. IS KEY TO OBTAINING THE SALE!

Page 21: CCI LEARNING CENTER

Declination Form

Page 22: CCI LEARNING CENTER

TAKE ACTION

Success is the good fortune that comes from aspiration, desperation, perspiration

and inspiration.

WHAT IS YOUR PLAN?

Page 23: CCI LEARNING CENTER

QUESTIONS & ANSWERS

10 MINUTES

I AM AVAILABLE AFTER THE SESSION TODAY!

Page 24: CCI LEARNING CENTER

THANK YOU!

CONTACT BECKY CHERNEK @ 404-276-4026

visit www.ccilearningcenter.com