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Profit Pockets and How to Avoid Them: The “Processing” Fee

Now that you know how to avoid the profit pockets of the Finance & Insurance Department in regards to add-ons and financing, it’s time to address the ambiguous “Processing” Fee. When buying a car, you’re likely to stumble upon that one last fee. It’s known by many names: processing fee, documentation fee, administration fee, electronic… Read more »

Profit Pockets and How to Avoid Them: Dealership Financing

  In Profit Pockets and How to Avoid Them: Add-Ons, we discussed how the Finance & Insurance Department utilizes add-ons to create more profit during your car buying experience. Unfortunately, that’s not the only thing you need to be wary of in regards to F&I. While you might be well informed on a vehicle’s pricing,… Read more »

Profit Pockets and How to Avoid Them: Add-Ons

Last week, we discussed three major profit pockets in the industry. Today, we will be expanding on add-ons and how to protect your pocketbook against featuritis. With car-buyers being more informed on price and preferring a no-haggle price point, there is a lot of pressure on the Finance & Insurance Department to create profit outside… Read more »

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