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Mike Stimmel
- Alpharetta, GA
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Mike Stimmel's Groups
Mike Stimmel's Discussions
Financial Services Manager
Started Jun 7, 2011 0 Replies 2 Promotions
Cherokee Ford Lincoln in beautiful Alpharetta, Georgia is looking for a finance manager to round out our management staff. We are the fastest growing Ford Lincoln dealer in the Atlanta market. Brand…Continue
F&I Payplans
Started this discussion. Last reply by Marv Eleazer Jun 23, 2010. 6 Replies 0 Promotions
Looking at implementing new performance based payplans in the Finance Office and wanted some ideas from other auto pros. Everything I have seen is so complicated that you need a finance degree to…Continue
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Mike Stimmel's discussion was featuredFinancial Services Manager
Cherokee Ford Lincoln in beautiful Alpharetta, Georgia is looking for a finance manager to round out our management staff. We are the fastest growing Ford Lincoln dealer in the Atlanta market. Brand new state of the art facility and a professional family owned dealership environment and top pay for top perfomers are just a few reasons to check us out.Contact Mike Stimmel for a confidential interview.Email at mstimmel@cherokeeford.com or call my cell at 419-230-2077See More
Mike Stimmel posted a discussionFinancial Services Manager
Cherokee Ford Lincoln in beautiful Alpharetta, Georgia is looking for a finance manager to round out our management staff. We are the fastest growing Ford Lincoln dealer in the Atlanta market. Brand new state of the art facility and a professional family owned dealership environment and top pay for top perfomers are just a few reasons to check us out.Contact Mike Stimmel for a confidential interview.Email at mstimmel@cherokeeford.com or call my cell at 419-230-2077See More
Mike Stimmel joined Kevin Bradberry's group
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Rick Nahat replied to Mike Stimmel's discussion F&I Payplans"Make a pay plan that's not impossible. So many Dealers dangle an unobtainable carrot that only frustrates the producer. Take into consideration what the Dealer is packing to your aftermarket products? If you put too many financial restraints on…"
Brad Newsome replied to Mike Stimmel's discussion F&I Payplans"I've seen a bunch of different Pay Plans that produced different results but were specific to what the dealer wanted to accomplish. One of the simplest and most productive ones I've seen was as follows:
$0 - $50,000 (x%)
$50,001 - $75,000…"
Rebecca Chernek replied to Mike Stimmel's discussion F&I Payplans"F&I Pay Plans are a complicated topic. Pay Plans should always be designed with the dealer in mind to gain the impact he/she wants to achieve. Some dealers want service contracts and gap and the rest of the products aren't too much of a…"
Bill Harrell replied to Mike Stimmel's discussion F&I Payplans"When I was F&I Director payplans were the most difficult challenge. I made it as simple as I could.
0-85,000 pays 6%
86-100,000 pays 8%
101,000 pays 10%
Must maintain 70% warr pent
must maintain 65% gap pent
must maintain 20% L&D--I still…"
Jack Higginbotham replied to Mike Stimmel's discussion F&I Payplans"Unfortunately Mike, to have an effective performance based pay plan in F&I does require a bit more math than a typical Sales Managers plan. I have numerous examples I can share with you depending on what you are trying to accomplish. I am…"
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