Does your dealership make that much money? That’s not always the case and it’s highly likely that you don’t know. But why would you want to pay a lot more for your car? Well, if your dealer is making money, then maybe you should ask them to pay more. It’s true that they’re in the business of selling cars so maybe you should consider taking a few extra dollars out each month to help help those sales. In this case, imagine a car dealership where the majority of their profits go towards paying the debt collectors and legal malpractices who happen to be serving you.
How much do car dealership finance managers make? This will be a fun read if you’ve ever joked that there’s not enough money in the world to cover your car’s cost. But this is the reality of life. “Most people are forced to spend a lot more than they think they can afford.” And so auto finance managers get paid as much as $6 million a year each to finance their own and other people’s cars. Why? Because they know how important it is to them and they want to help you through your car finance ordeal. “A lot of these people don’t even have an office, they’re only employed by an insurance company,” says Blake Rayner, who works at one of the nation’s largest auto dealerships.
Are you a car dealership finance manager? Do you need to know how much they make and how they compare against other organizations in the industry? Does all this information mean you can actually get in touch with them? If so, here’s a step-by-step guide to help start your career in business! In this blog, I’ll share my experience working as a finance manager. I will share stories about my management career, what I learned during my time there, and why being a finance manager is the best job for me. And for those who are interested, check out my comments on an article written by Jason Hallikin and his article on The People’s Financial Advisor which detail the benefits of being a financial advisor.
automakers and auto companies have a lot to be thankful for today. In an era where the amount of dollars spent on driving a car is increasing, the number of people walking around with cars can’t keep up. But what if you could get access to one dollar of cash. How cool would that be? Well, it’s not just that. This information will change the way you think about how much you’re willing to spend on new car financing. With every dollar of your purchase, you’ve also committed to spending $1M on your car in the first year.
One of the biggest misconceptions about the finance industry is that the employees who work at car dealerships are work-in-house professionals. In actuality, many of them are corporate finance officers and/or business partners with their counterparts on a corporate level. An announcement from Capital One USA Inc. (CUP) prompted me to look into how career financing managers were compensated at car dealerships. The answer surprised me because my understanding of the finance industry was so narrow that I could not imagine where these positions worked or what jobs they were involved in. Let me tell you another thing: You don’t see someone blown away in a Chrysler Town Car with an innovative technology that can give customers a new lease on life.
