New to automotive and F&I, worked in finance role previously in a different industry. I make a weekly salary that is not a draw it ends up being about 35k a year plus make a monthly bonus. $1,400 per car gets you about 6%… roughly have 45-55 touches a month. So if I do $1400 per car at 50 touches that’s a total of 4k bonus. I love my job and my coworkers and I’m overall happy ….. however since I have zero experience in the industry I have no idea what a good or bad pay plan is if I should be making more or if this is average…..I heard F&I make six figures there no shot with what I’m doing now tho.
Help what are industry standards? What should my PVR be?what should my penetration percentage be…when I should be i mean to be considered good in my role?
submitted by /u/blondeymj
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