Blog & News
F&I Services for Jeep Dealerships
At Line 5, we know how crucial your finance and insurance (F&I) department is to your Jeep dealership's ability to provide customers with add-on options and loans. That's why we partner with many dealerships to finance various F&I plans and products. Our varied and customizable F&I services for Jeep dealerships allow your team better serve customers and raise your dealership's revenue.
This guide discusses the F&I products and plans we finance, as well as our Jeep dealership F&I software. Learn why you might want to partner with us for your financing needs.
F&I Products Financed by Line 5 for Jeep Dealerships
Financing F&I products for Jeep dealerships is easy with Line 5. We offer financing for many different products, covering engines, tires, wheels, key replacement, maintenance and theft. Due to this wide variety of products, you can provide your customers with the best options for their vehicles and needs.
Here are some of our top F&I products:
- Key replacement: When someone loses their keys, they often have to pay for an expensive replacement. We finance key replacement products to ensure customers don't have any costs when they need to replace and reprogram their keys. This product also covers the expense of roadside assistance when a customer needs to retrieve keys left in their locked vehicle.
- Lifetime engine warranties: Customers who want superior protection for their engines regularly turn to lifetime engine warranties. These warranties cover the expense of an engine replacement as long as the customer follows the recommended maintenance schedules. Besides improving a customer's experience, these warranties also help increase a dealer's service retention.
- Dealer-owned prepaid maintenance: If a customer opts for dealer-owned prepaid maintenance, they'll come back to your dealership for all their maintenance needs. This product means customers continually return to your dealership, increasing customer loyalty and making it more likely they purchase from you in the future.
- Tire and wheel protection: Many customers love tire and wheel protection, as these parts of a vehicle are especially susceptible to damage. A dealer that offers this product gives buyers greater peace of mind.
- Service contracts: Service contracts let you offer better service to your customers than they'd receive with a service package from an original equipment manufacturer. Service contracts provide better coverage for less money, give buyers greater flexibility and don't require a deductible.
F&I Financing for Jeep Dealerships
In addition to our wide selection of F&I products, you can also choose from the many plans we finance. These plans can upgrade a customer's experience and assist them in an emergency or accident. Some of our popular F&I financing options include:
- Vehicle service contract financing
- Extended warranty financing
- Theft protection
- Maintenance plans
- Roadside assistance
- Road hazard plans
Financing plans with Line 5 makes it easier to sell these plans to customers. Since we finance so many plans and guarantee instant approval, your team can close deals faster and keep the financing process simple for buyers. All our loans come with adjustable interest rates and lengths to help you personalize the plan to a customer's needs. These plans are also much more accessible to buyers, as we don't require any down payments. With this amount of personalization, you can better tailor your loan specifications to individual customers and provide them with coverage at an affordable price.
After a customer commits to a plan by completing and signing their application submission, we'll have the required funding available to you in 48 hours. Due to our many F&I services for Jeep dealerships and flexible financing, many businesses have increased the number of products they sell by partnering with us. Additionally, your team can earn significantly more revenue via commissions for every plan they sell to customers.
F&I Software for Jeep Dealerships
At Line 5, we understand that financing can sometimes be complicated for buyers and team members. As a result, we provide Jeep dealer finance software to make the process simple. Our software comes with an intuitive and comprehensive dealership dashboard, so your team can better manage deals and track customers' purchases. Our Jeep dealership F&I software streamlines essential tasks, such as generating reports and contracts and collecting signatures.
Thanks to our partnership with TecAssured, our software makes it much easier for buyers to receive affordable financing. TecAssured facilitates extensive software integration and provides our users with many helpful features, such as an in-depth rating engine, a comprehensive administrative interface, a MERGE™ multiproduct comparison and sales system and multiple e-commerce sales portals. Alongside these features, you can customize our software to personalize the user experience and meet your customer's needs.
Why Choose F&I Services From Line 5?
With our Jeep dealership software and finance options, your F&I dealership can become more profitable. When you partner with us, you receive in-depth support. We'll analyze your dealership's processes, goals, business model and values to deliver the ideal solution for your requirements. Since we tailor our solutions to your needs, your staff can more easily understand them and provide your customers with exceptional products they can benefit from.
Besides our tailored approach, we also offer a comprehensive set of features to our partners. If you compare our offerings to the competition's, you'll likely recognize that Line 5 is the best option available today. For example, we have a simple online application featuring a payment calculator and instant approval to assist with faster closing.
Additionally, we don't take a customer's credit rating into account while approving them, making it much easier for your team to sell various F&I products. Our term adjustment and interest rate buy-down calculator is easy to use, and since we don't have funding limits, you can sell significantly more protection products and plans than the competition.
Become a Line 5 Partner Today
Line 5 can provide many benefits to your Jeep dealership. With us in your corner, you can better serve your customers and raise your revenue by offering more products and plans. Our exceptional customer support means you can rely on us to personalize your F&I services and make adjustments when necessary.
If you're ready to upgrade your F&I services, sign up today. Have any questions? Please contact us, and one of our representatives will be happy to help.
Sources:
