How To Choose The Right F&I School
Updated: March 1, 2023
Car dealerships across the country are shaking off the pandemic and getting back to business, which means an increased need for F&I Managers and F&I Schools.
If you have ever thought about becoming a Finance Manager in a car or RV dealership, now may be the right time! In this article, we will break down the differences between different schooling options and help you choose the right F&I School for you!
How To Pick An F&I School
Many F&I training providers are licensed as a business but not as a school. That means there is very little oversight or accountability. They aren’t held to a higher standard, like a licensed school. Because of this, what they teach can be suspect, outdated or even unethical.
When looking for an F&I training facility, we suggest that you check to see if their state licenses them as an official school. For example, “Hank’s House of Silly Faces” is not a licensed school (trust us, we checked).
Surprisingly, there are only two licensed F&I schools in the U.S. and Finance Manager Training is one of them!
There are many F&I training providers that are licensed as a business but not as a school. That means there is very little oversight or accountability. They aren’t held to a higher standard, like a licensed school.
Because of this, what they teach can be suspect, outdated or even unethical.
When looking for an F&I training facility, we suggest that you check to see if they’re licensed by their state as an official school. For example, “Hank’s House of Silly Faces” is not a licensed school (trust us, we checked).
Surprisingly, there are only two licensed F&I schools in the U.S.
And Finance Manager Training is one of them!
Licensed schools are held to a higher standard, as theyre regulated by the licensing authority in their state. Finance Manager Training is one of the only licensed F&I Schools and a top rated institution.
F&I School Options
As previously mentioned, there are only two licensed F&I institutions as a school.
So how do the other F&I training platforms and providers operate? These providers can be broken down into categories: F&I Trainers, F&I Schools, and F&I Product Providers.
Each provides a similar service, but the quality of training can vary dramatically.
F&I Trainers -vs- F&I Schools -vs- Product Providers
Independent F&I Trainers typically offer training as a supplement to their regular dealership services. These independent trainers are usually not licensed or accredited as a school.
Then there are F&I product providers, such as JM&A, that provide training as a compliment to their excellent products.
And, of course, there are the licensed F&I academies, whose only goal is to educate the next generation of elite F&I Managers — that’s where Finance Manager Training comes into play.
An F&I Diploma That Means Something
Finance Manager Training (FMT) is a well-respected institution, not some fly-by-night operation.
We have an A+ grade from the Better Business Bureau, and our reputation is stellar, judging by all the positive reviews we have received from previous students.
Graduates of our program have come from nearly every state (46 of them!) in the USA, as well as Canada.
Our convenient online classes will get you prepared for this great paying career in as little as 30 days. (On average, F&I managers earn over $150,000 per year! And because we’re a licensed BPSS institution, our certification really means something.)
Access to F&I Software and more
Speaking of F&I software, FMT students get access to our custom F&I practice software. You’ll learn how to structure deals, add customers, and choose lenders. You’ll get a leg up on the competition and gain the confidence needed to nail that next interview.
After completing the course, you’ll receive your F&I Certification. The custom-engraved plaque is a nice addition to your office, and you can immediately add your certification to your resume.
Our commitment to you doesn’t end after you receive your certificate. Once your training is completed, FMT ‘s Career Development Team will network with dealerships all over the country (and Canada) and will schedule job interviews for you. That certificate you just earned will
If you choose our 30-day Rapid Course option, you can access our Training and Job Placement Assistance for LIFE. In addition, all future lessons, courses, and updates are included at no extra cost.
Not quite ready to sign up? Then we encourage you to try out our Free F&I Lessons.
To access our free F&I lessons, simply fill out our online form and we’ll send you three free lessons. These F&I lessons are really free. We won’t ask you for your credit card or any other payment information. And we won’t breathe down your neck to sign up for the entire course. Because breathing down your neck would be creepy.
The opportunities are many in the F&I world. We encourage you to do your research before making any decision.
But once you commit to us, we’ll be there for you every step of the way. Your success is our success.
We’re Finance Management Training. Licensed. Reputable. Affordable. (Unlike Hank’s House of Silly Faces.)