saleF & I Skills Development Courses
- Motor Retail Finance and Insurance PLUS Programme has 6 individual programmes. Your programme will commence with the Introduction to F&I.
- Introduction to F&I workshop or distance elearning
- FETC: Retail Insurance Qualification SAQA ID 66609 at Level 4 minimum of 140 credits
- National Credit Act, 34 of 2005 (IOB Agents card)
- FAIS Act Fit & Proper FSB Regulatory Exam Level 1 RE1 and RE5.
- Class of Business Training 2018
- CPD Continuous Professional Development 2018
The INTELLIGO Solutions programme incorporates the FAIS Fit and proper requirements of the FETC: Retail Insurance Qualification SAQA ID 66609 at Level 4 minimum of 140 credits and the Unit Standard 259882 Level (pending) in this programme will award you with 12 credits towards the FETC: Automotive Sales and Support Services Certificate 64289 Level 4.
The competency achievement of 15 credits from the FETC: Retail Insurance Qualification SAQA ID 49835/66609 at Level 4 will provide the opportunity for you to apply for Recognised Prior Learning for these 15 credits against the FETC: Automotive Sales and Support Services Certificate 64289 Level 4.
What are the minimum entry level learning requirements to enrol?
It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 3. (Grade 11/ Std. 9)
What is F & I?
F&I is a common term in the automotive industry and is short for Finance and Insurance. Most dealerships throughout the country have F&I offices to handle the calculation and paperwork involved with the sale of a vehicle. In addition, the F&I office provides consumers an opportunity to purchase ancillary products, such as e.g. vehicle service contracts or a maintenance program sold in conjunction with the sale of a vehicle.
The primary function of the F & I is to maximise the overall profitability of the sales through promotion of value added products and services.
A professional F & I must make sure that the entire dealership understands where F&I function fits in the bigger picture for total profitability, and develop a set of optimum circumstances in which F& I productivity can flourish