Shared Flashcard Set

Details

FI
WORK
88
Other
Professional
07/08/2011

Additional Other Flashcards

 


 

Cards

Term

Launch function FI

ENTER COMMAND P @ F&I MENU

***OR YOU COULD USE "L" for a Lease

 

 

Definition

 

 

 

How do you begin a new purchase deal?

Term

 

  • ARROW KEYS
  • ENTER KEY
  • MOUSE
Definition

 

In the Purchase Information Screen, what are the three ways to change fields???

Term

Enter (\) within the field

enter

 

Definition

 

 

In the Purchase Information Screen, how do you clear fields???

Term

enter (.) in any field

enter

Definition
In the Purchase Information Screen, how do you drop to the COMMAND prompt?????
Term
ente (?)@ the command prompt
Definition
In the Purchase Information Screen, how do you get a list of commands???
Term

 

 

via the F&I SETUPS (SU) function

Definition
How can you configure displayed prompts, cursor navigation, and default amounts that appear on the screen?
Term

 

 

Lease-end Value

Definition

 

Vehicle's value after depriciation

Term

 

 

L.E.V%

Definition

 

PERCENTAGE OF MSRP THAT THE VEHICLE HAS RETAINED BY LEASE-END

Term
INITIAL CAP COST
Definition
DELLING COST(MAY CONTAIN A PROFIT MARGIN)
Term

 

 

CASH CAP REDUCTION

Definition
CASH CONTRIBUTED BY THE CUSTOMER SPECIFICALLY TO REDUCE THE PAYMENT
Term
total add cap cost
Definition
ALL FINANCED ITEMS
Term
ADJUSTED CAP COST
Definition
SELLING PRICE MINUS FINANCED ITEMS & CUSTOMER CASH/TRADE CONTRIBUTIONS
Term
TOTAL ANNUAL FEES
Definition
RECURRING FEES; LESSEE PAYS THE FIRST INSTALLMENT TO THE DEALER, AND SUBSEQUENT PAYMENTS ARE MADE TO THE STATE OR A local government agency,
Term
total initial fees
Definition
One-time fees due at the start of a lease
Term
cap reduction tax
Definition
A tax applied to any assets that the lessee contributes to the deal to reduce payment
Term

 

 

Enter P in the Trade-In payoff field

Definition

 

How do you calculate the estimated payoff on a trade?

Term

 

Max Neg Equity Capped

Definition

 

This field allows the dealer to determine how much of the lesse's trade debt the dealer will pay. The lessee will then have to come up with more cash in order to meet start-up and payment obligations.

Term

 

  • Enter a new payment amount
  • choose which amount to roll back
Definition
How do you perform a rollback?
Term
L.E.V.  &  CASH CAP (REDUCTION)
Definition

 

 

In Lease deals, you can roll back by using???

Term
  • Change the finance institution to CASH
  • Set the Term to 0
Definition
How do you convert a deal to a Cash Deal?
Term
SU>GROSS PROFIT ASSUMPTIONS>FINANCE INSTITUTIONS
Definition
Cash needs to be set up as a financial institution within F&I setups in order to properly update the Purchase Information Screen
Term
ENTER L @ THE COMMAND PROMPT
Definition
WHAT COMMAND DO YOU USE TO CONVERT A PURCHASE TO LEASE?
Term
ENTER P @ the command prompt
Definition
WHAT COMMAND DO YOU USE TO CONVERT A LEASETO A PURCHASE DEAL ?
Term
click f3-save
Definition
How do you save your purchase deal as it stands?
Term
Deal Status
Definition
is used for reportinh and when gathering data to populate the desktops
Term
pending
Definition
deal status when deal has been saved/stored.
Term
cleared
Definition
deal status when deal has been "zapped". but information still resides within F&I and be reset ti pending (if done within retention period)
Term
Deal retention is configured in setups.
Definition
Where is deal retention configured?
Term
SU>GENERAL SETUPS>DAYS TO RETAIN DEALS
Definition
How do you get to the setups where you configure days to retain deals?
Term
enter Q from the F&I Menu screen
Definition
How do you access Quick Quote?
Term

 

 

Enter R or press Enter @ the FI menu

Definition
How do you recall a deal from the FI menu?
Term
  • First 3 letters of the customer last name
  • customers last name & first initial
  • stock # of sale vehicle
  • quote #
  • deal #
Definition
When recaalling a deal, what are the criteria which you can choose to search?
Term
Recall/Modification screen
Definition
Once you recall a deal, you will arrive at whaat screen?
Term
Miscellaneous Sales/Lender screen
Definition
Deal comments ared added on qhat screen?
Term
deal events
Definition
allow you to set up and track sale events which take place during the deal process;control the communication from f&i to other departments
Term
enter  EV a@ THE COMMAND PROMPT
Definition
hOW DO YOU OPEN THE DEAL EVENTS WINDOW FROM THE RECALL/MODIFICATION SCREEN
Term

 

 

SU>CUSTOM SCREENS

Definition
The Purchase Information screen can be set up to desplay individual fees (instead of opening a window)
Term
SU>PURCHASE/LEASE SETUPS/FEE/OPTION DEFAULTS
Definition
Your F&I setups should reflect either a cost or profit % for the proper commissioning of fees.
Term
true
Definition

true or false

 

All CL/AH codes,with the exception of Manual, determine which tax table is used when calculating the premium.

Term
We Owes Worksheet
Definition
Use the ________ worksheet to include dealer-addes options(also known as DUE BILLS or AFTER MARKET OPTIONS) in the deal.
Term
F12
Definition
USE ___ TO VIEW A LIST OF AVAILABLE, PRE-DEFINED WE OWES???
Term
  1. On the -FI account Enter SU from Function Code
  2. Select General Setups from the Main Setup Menu
  3. Select Multiple Store Setups from the General Setups Menu
  4. Select "New" from the Multiple Store Setups Menu
  5. At the "Store ID" prompt enter a number or name for the store you are adding then Press Enter
  6. Enter the name you want to print on eForms at the "Name" prompt and Press Enter
  7. Enter the address you want to print on eForms at the "Address" prompt and Press Enter
  8. Enter the city you want to print on eForms at the "City" prompt and Press Enter
  9. Enter the state you want to print on eForms at the "State" prompt and Press Enter
  10. Enter the zip you want to print on eForms at the "Zip or Postal Code" prompt and Press Enter
  11. Enter the telephone you want to print on eForms at the "Telephone" prompt and Press Enter
  12. Optional: Enter the dealer code or state tax ID you want to print on eForms at the "Dealer Code / State Tax ID" prompt and Press Enter
  13. Press F3 to save and exit
Definition
How do I setup Multiple Store Setups?
Term
SU>GENRAL SETUPS>SCREEN SEQUENCES
Definition
How do you configure deal-screen sequenceing in setups?
Term

DP

 

or

 

P

Definition
screen that is used to enter the deal details
Term

The Customer screen

 

or

 

C

Definition
screen that is used to enter the information about the customer information
Term

the gross profit screen

 

or

 

G

Definition
is used to access other screens in the deal and print forms.
Term

The Recall/Modification screen

 

or

 

@

Definition
is used to access other screens in the deal and print forms
Term

 

 

SU > GENERAL SETUPS > SCREEN SEQUENCE

Definition

 

How do you configure deal-screen sequencing?

Term

 

 

 

  • Change the financial institution to CASH
  • Set the Term to 0
Definition

 

 

 

How do you convert to a CASH deal?

Term

 

 

SU>GROSS PROFIT ASSUMPTIONS>FINANCE INSTITUTIONS

Definition

How would you set up CASH as a financial intsitution?

Term
SU>GENERAL SETUPS>DAYS TO RETAIN DEALS
Definition
whERE DO YOU CONFIGURE DEAL RETENTION?
Term

 

 

By entering Q @ the FI Menu

Definition

 

 

 

How do you access the Quick Quote screen??

Term
Enter R or press ENTER at the FI menu to recall a deal
Definition

 

hOW DO YOU RECALL A DEAL?

Term

 

 

@ the Recall/Modification screen

Definition
Once you recall a deal, what screen will you arrive to?
Term

 

Recall/Modification screen

Definition
this screen gives you a few key details about the deal as well as deal Comments, Status Codes, and Events
Term

 

 

Deal Comments are added on the Miscellaneous Sales/Lender(M) screen

Definition

 

 

Where are deal comments added?

Term

 

 

SU>CUSTOM SCREENS AND WINDOWS

Definition

 

 

The Purchase Information Screen can be set up to display individual fees where??

Term
SU/PURCHASE/LEASE SETUPS/GLIOBAL/FEE/OPTIONS
Definition
Where do set FEE/OPTIONS DEFAULTS?
Term
USE F12
Definition
FROM THE WE OWES WORKSHEET HOW DO YOU GET A LISTY OF AVAILABLE WE OWES?
Term

 

 

SU>WE OWE OPTIONS

Definition
WHERE DO YOU CUSTOMIZE WE OWES?
Term

 

 

Custom Screens and Windows Setups

Definition
If you want to use the Pickup Payment field, where do you add it?
Term

 

 

 

Use to record amount due on delivery and Cash Down to record the customer deposit

Definition
What do you use Pickup PMT #1 for?
Term

 

 

Enter I @ the command prompts

Definition

 

 

How do you set up irregular payments?

Term

 

 

On the customer screen on prompt #1 hit F9 or magnifying glass to search. If customer does not show in results, hit F5 for NEW.

Definition
Before creating a new customer or co buyer, what step should you take?
Term

 

 

enter  CO in command

Definition
How do you get to the screen to enter co buyer info?
Term
enter (\) in the Co-Buyer # field
Definition
Ho do you delete the Co-Buyer ??
Term

 

 

enter  V at the commansprompt in a deal

Definition
How do you access the Vehicle screen?
Term

 

 

By pressing  ENTER from the Sale Vehicle screen

 

 

Definition
How do you access the trade vehicle screen?
Term

False

 

Unless there is $ on the trade. you cant go to trade in screen

Definition

TRUE OR FALSE:

 

You can get to the trade screen even if you forgot to put $ on the trade.

Term

 

 

Up to two

Definition
How many trades can you enter on a deal?
Term
No, a stock# cannot be changed after deal has been booked
Definition
Can a stock# be changed after a deal has been booked?
Term

 

 

SU>CUSTOM SCREENS AND WIMDOWS

Definition
The Vehicle and trade screens can be customized where?
Term

 

 

MISC/SALES/LENDER INFORMATION

Definition
SCREEN THAT IS PRIMARILY USED TO ADD DEALERSHIP PERSONNEL AND COMMENTS TO THE DEAL.
Term
enter M @ the command prompt within a deal
Definition
hOW TO ACCESS THE mISC/sALES/lENDER SCREEN?
Term
enter PF @ the command prompt from the Recall (@) screen within a deal
Definition
How do you access th Print Forms screen??
Term
TRUE
Definition

TRUE OR FALSE

 

PF ONLY WORKS FROM THE @ SCREEN.

Term
F12 gives you a list of available forms
Definition
In the print forms screen, how do you get a list of available forms?
Term

 

 

Spiffs

 

 

Definition
one-time bonuses added manually per-employees.
Term

 

 

Splits

Definition

 

 

are used for dividing commission between multiple employees.

Term

 

 

Vehicle Cost screen

Definition

 

 

 

screen that displays totals and costs related to vehicle,and may also show postings to the General Ledger

Term

 

 

Enter  VC at the Command prompt on the Gross Profit screen

Definition
How do you access the Vehicle Cost screen?
Term

 

 

SU>GROSS PROFIT SCREEN > COMMISSION PLANS

Definition
hOW DO YOU SETUP COMMISION PLANS?
Term

 

 

FF

Definition
What function do you use to process deals?
Term

 

 

ED

 

End of the Day

Definition

 

 

 

After being finalized, the deals post to the GL by the F&I _______________.

Supporting users have an ad free experience!