More Related Content Similar to FIN103 (Negotiating Finance Deals) Similar to FIN103 (Negotiating Finance Deals) (20) FIN103 (Negotiating Finance Deals)1. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
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Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
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Session Three: Negotiating Finance Deals
2. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
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3. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
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4. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
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5. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Negotiating Finance Deals Objectives
• Use flexible field change codes to change
amounts in the deal
• Use function keys to perform quick changes to
the deal
• Perform rollbacks
• Change the deal type
• Calculate balloon payment
• Sell a vehicle off the truck
• Sell on-order vehicles
6. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Hands-On Lab
7. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Flexible Field Change Codes
1st
Flexible Field Code Item Being Changed
SR Sell Rate
BR Buy Rate
DA Days to First Payment
CT Contract Term
TX (X = a valid tax letter) Tax Rate
CL Change Lienholder
BP Change Balloon %
Confidential & Proprietary Information of
8. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Function Keys
Ctrl + F2 Joint Credit Life
Ctrl + F3 Single Credit Life
Ctrl + F4 A&H
Ctrl + F5 Svc Cont 1
Ctrl + F6 Svc Cont 2
Ctrl + F7 Svc Cont 3
Confidential & Proprietary Information of
Ctrl + F8 Minus _____ %
Ctrl + F9 Plus _____ %
Ctrl + F10 Decrease __ Term
Ctrl + F11 Increase __ Term
Ctrl + F12 Remove all insurance
9. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Rollbacks
Finance Deals
To get to a desired: Flex Field Payment Amount
Payment Enter the flexible field number that
you want to change. For example,
sell price, sell rate, trade allowance,
etc.
Desired payment Leave blank
Confidential & Proprietary Information of
10. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Rollbacks
Amount financed Enter the flexible field number that you
want to change. For example, sell
price, sell rate, trade allowance, etc.
Leave blank Desired amount
financed
* Front end true gross GR Desired Gross
*The difference will always be made up in the selling price of the vehicle.
Finance Deals
To get to a
desired:
Flex Field Payment Amount
11. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Please Stand By
Please stand by…
12. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Next Session’s Objectives
Lease Deals
• Start a lease deal
• Identify what information should be entered in each
lease screen
• Mark which options are due on delivery and which
options are capitalized
• Residualize an option at a different rate
• Prepay excess mileage charges
• Perform rollbacks on lease deals
• Use lease-specific rollbacks to negotiate the lease
payment
• Use the Minimizer feature
13. Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012Confidential & Proprietary Information of The Reynolds and Reynolds Company © 2012
Thank you for attending
Negotiating Finance Deals
My email address:
My phone number: (800) 999-6348
My extension:
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Continue to next slide.
Begin application share to show them how to do rollbacks.
This slide can be used if there are any problems with the session or if you lose communication. You can also use this slide if you will be opening a file and you need them to wait for a couple of seconds.