If your pay is strictly based on your performance. There is going to be some anxiety. Obviously, you want to be successful and be #1. What has helped me is following my rules and processes. I also understand that ultimately, I can't control the outcome. If I knew that I followed my rules, then Im satisfied, regardless of the outcomes.
I have seen a lot of companies here lately, wanting a 200% product penetration producer, can you explain what this means? I am assuming it means 2 products per deal, but I am not sure. Thank you!
My first F&I job, I got bumped into the position without any experience, and I knew absolutely nothing on pay plans, I got paid $15 an hour and %5 of the backend profits only, nothing from reserve, second F&I job, I got paid $10 an hour with 15% of profits from backend and reserve.
@@LW-jk1gsmine might work out to be close to that. $475/wk salary, 10% on reserve, 20% on products. Then some bonus flats at $800, $1000, and $1200 pvr.
If your pay is strictly based on your performance. There is going to be some anxiety. Obviously, you want to be successful and be #1. What has helped me is following my rules and processes. I also understand that ultimately, I can't control the outcome. If I knew that I followed my rules, then Im satisfied, regardless of the outcomes.
How many dealers offer 10% for a base though? Is 5% more common? My pay plan maxes out at about 10% and starts at 5%.
5%?? Way too low. Market rate in New England should start at 16%
I have seen a lot of companies here lately, wanting a 200% product penetration producer, can you explain what this means? I am assuming it means 2 products per deal, but I am not sure. Thank you!
That's right
Dang! We have to get to 65% VSC before we even get a bonus percentage.
Wow our dealership finance pay plan is a scam
My first F&I job, I got bumped into the position without any experience, and I knew absolutely nothing on pay plans, I got paid $15 an hour and %5 of the backend profits only, nothing from reserve, second F&I job, I got paid $10 an hour with 15% of profits from backend and reserve.
@@LW-jk1gsmine might work out to be close to that. $475/wk salary, 10% on reserve, 20% on products. Then some bonus flats at $800, $1000, and $1200 pvr.
@@LW-jk1gswhich State are you located at?