How Much Does A Finance Manager At A Dealership Make?

If you’re looking to get into the finance manager position at a car dealership, you’re probably wondering how much you can expect to earn. Here’s a look at the average salary for this position, as well as some factors that can affect your earnings.

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Introduction

The average salary for a Finance Manager at a car dealership is $94,000 per year. This position is responsible for the financial health of the dealership, including managing the budget, forecasting sales, and identifying opportunities to improve profitability.

A successful candidate for this role will have experience in financial management, preferably in a similar industry. They will be detail-oriented and able to work under pressure to meet deadlines. They should also have strong interpersonal and communication skills to build relationships with both internal and external stakeholders.

What Does A Finance Manager At A Dealership Do?

The finance manager at a dealership is responsible for the financial health of the dealership. They work with the sales team to ensure that customers are qualified for financing and that the dealership is making a profit on each sale. They also work with the service department to ensure that customers are paying their bills on time and that the dealership is not losing money on warranty work. The finance manager at a dealership also works with the parts department to ensure that the dealership is making a profit on the sale of parts and services.

How Much Does A Finance Manager At A Dealership Make?

According to Salary.com, the average salary for a finance manager at a dealership is $88,081 per year. However, salaries can range from $79,669 to $96,825 per year, depending on experience and location.

What Are The Education Requirements For A Finance Manager At A Dealership?

Education requirements will vary by employer, but most finance managers at dealerships have a bachelor’s degree in business administration, accounting, or a related field. Some employers may prefer candidates who have a master’s degree in business administration or a Certified Public Accountant (CPA) designation. In addition to formal education, finance managers at dealerships should have several years of experience working in automotive finance or a related field.

What Are The Skills Required For A Finance Manager At A Dealership?

A finance manager at a dealership is responsible for many aspects of the dealership’s financial operations. They may develop and implement financial policies, oversee the accounting department, prepare financial reports, and work with the dealership’s senior management to develop long-term financial plans. In order to be a successful finance manager at a dealership, one must have strong analytical and critical thinking skills, as well as experience in the automotive industry.

What Are The Job Duties Of A Finance Manager At A Dealership?

The finance manager at a car dealership is responsible for the financial health of the dealership. They work with the sales team to ensure that cars are sold at a profit and that the dealership is running smoothly.

Finance managers at dealerships typically have a four-year degree in business or economics. They must be able to understand complex financial reports and make sound decisions based on their analysis. In addition, finance managers must be able to effectively communicate with both customers and employees.

The duties of a finance manager at a dealership include:

-Analyzing financial reports to identify problem areas and potential areas of improvement
-Making recommendations to the dealerPrincipal regarding pricing, inventory levels, and expenses
-Working with the sales team to develop sales strategies that maximize profits
-Negotiating with lenders to obtain financing for customers
-Overseeing the accounting department to ensure accurate financial reporting
-Maintaining compliance with all applicable laws and regulations

What Is The Work Environment Like For A Finance Manager At A Dealership?

Finance managers at dealerships typically work in an office environment. They may occasionally travel to attend trade shows or visit other dealerships, but most of their work is done on site. The workday is generally Monday through Friday, with some weekends and evenings required depending on the dealership’s hours of operation.

What Are The Career Opportunities For A Finance Manager At A Dealership?

A finance manager at a dealership is responsible for the financial well-being of the dealership. They develop and maintain financial plans, oversee the budgeting process, and work with senior management to make sure the dealership is profitable.

The median salary for a finance manager at a dealership is $75,000. Career opportunities for finance managers at dealerships are expected to grow by 9% over the next decade.

What Are The Job Outlook And Salary For A Finance Manager At A Dealership?

Job outlook for a finance manager at a dealership is positive. The average salary for this position is $40,000 per year. This position typically requires a bachelor’s degree in business administration or a related field.

Conclusion

In conclusion, the average finance manager at a dealership in the United States makes around $84,000 per year. This salary can vary depending on experience, education, location, and the size of the dealership. Finance managers are responsible for a wide range of duties, from negotiating loans to preparing reports, and must be able to work well under pressure. Those interested in this career should have excellent communication and math skills.