NextGen Virtual F&I Department
A Virtual Finance Department, also known as Virtual F&I, is changing the way dealerships structure their F&I process. Instead of relying solely on in-store staff, a virtual finance department gives dealers direct access to certified professionals who manage every part of the deal remotely while still operating as a seamless extension of your team. This modern approach eliminates bottlenecks, ensures compliance, and delivers a consistent F&I presentation that boosts customer satisfaction and dealer profitability. At Elite FI Partners, our NextGen Virtual F&I Department was built to do more than fill gaps. It was designed to help dealers grow, scale, and compete at the highest level. With full-service support that includes lender submissions, approvals, product presentations, contracting, funding, and compliance oversight, our program brings the expertise of an in-store finance office to every deal without the overhead. Whether you’re a single rooftop looking to streamline operations or a large group aiming to capture more profit, a virtual finance department positions your dealership for long-term success.
How a Virtual Finance Department Works
A Virtual Finance Department functions just like a traditional in-store F&I office, but with the added efficiency and scalability of a remote team. When your dealership partners with our NextGen Virtual F&I program, every step of the finance process is managed by certified professionals who work as a seamless extension of your staff. That means deals are submitted to lenders quickly, approvals are secured without delay, and customers are presented with F&I products in a clear, customer-focused manner that builds trust and improves product penetration. Beyond the basics, our virtual finance department handles contracting, funding, and compliance oversight to ensure every deal is airtight and meets regulatory standards. We also expand your lender relationships, giving your customers more financing options and your dealership a stronger competitive edge. The result is a smooth, consistent process that eliminates bottlenecks, improves customer satisfaction, and increases profitability—all without the overhead and staffing challenges of a traditional finance department.
Case Study: Real Results from a Virtual Finance Department
Dramatic PVR Growth
When this dealership partnered with our NextGen Virtual F&I program, their per-vehicle retail (PVR) increased from just $400 to $1,960 in only 60 days. That shift represented more than $1.4 million in additional annual revenue—a game-changing result that showcases the true potential of a virtual finance department.
Increased Product Penetration
Beyond the impressive PVR jump, the dealership saw a major boost in product penetration, averaging more than two F&I products sold per vehicle. With our Virtual F&I team handling presentations consistently and professionally, customers gained a clearer understanding of the value offered, which translated directly into higher sales and stronger customer satisfaction.
Long-Term Wealth Through Reinsurance
The advantages didn’t stop at immediate profit gains. By leveraging our full-service virtual finance department, the dealer was able to implement reinsurance strategies that created long-term wealth opportunities. This meant not only higher short-term income but also a sustainable financial model that continues to generate returns year after year.
Operational Efficiency and Compliance
With the Virtual F&I department overseeing contracting, funding, and compliance, the dealership reduced bottlenecks and ensured every deal was completed correctly the first time. Compliance oversight was strengthened, funding was streamlined, and the overall process became more efficient—allowing the sales team to stay focused on what they do best: selling vehicles.
Why Choose NextGen Virtual F&I
Not all Virtual Finance Departments are created equal, and that’s where NextGen truly sets itself apart. Many providers stop at basic lender submissions, but our NextGen Virtual F&I Department goes far beyond, delivering a full-service solution managed by certified professionals who understand both compliance and profitability. Dealers choose us because we provide consistency in every deal, ensuring customers receive a clear and professional presentation that builds trust and loyalty. Our program doesn’t just streamline the process; it creates new profit opportunities through reinsurance strategies, expands your lender relationships, and strengthens your compliance oversight. By operating as a seamless extension of your dealership, our Virtual F&I team allows you to scale without the staffing challenges or overhead of a traditional finance office. For dealers looking to gain a competitive edge, improve efficiency, and capture more wealth from every transaction, NextGen is the proven partner that delivers measurable results.
Transform Your Dealership with a Virtual Finance Department
The future of F&I is no longer confined to the walls of a dealership office. It is happening now with the rise of the Virtual Finance Department. By partnering with Elite FI Partners and our NextGen Virtual F&I program, you gain a complete, certified finance team that integrates seamlessly into your dealership operations. Every deal is managed with precision, compliance, and a focus on maximizing profitability, giving you the results of an in-house department without the expense and challenges of staffing one yourself. Dealers across the country are already experiencing higher PVR, stronger product penetration, and long-term wealth creation through reinsurance, all powered by our Virtual F&I team. Do not wait to modernize your process and secure your competitive advantage. Join the waitlist today and see firsthand how a Virtual Finance Department can transform your dealership’s growth and profitability
Frequently Asked Questions About Virtual Finance Departments
What is a Virtual Finance Department and how does it work?
A Virtual Finance Department, often called Virtual F&I, is a complete finance and insurance solution managed remotely by certified professionals. Instead of relying only on in-house staff, your dealership partners with a dedicated team that handles lender submissions, approvals, product presentations, contracting, and compliance while operating as an extension of your store.
How is a Virtual F&I Department different from hiring a finance manager?
A traditional finance manager requires recruiting, training, and payroll investment. A Virtual F&I Department gives you immediate access to an experienced, certified team without the overhead. It also ensures coverage across every deal, consistent compliance, and higher scalability compared to relying on one individual.
Can a Virtual Finance Department increase profitability?
Yes. Dealers who adopt a Virtual F&I model consistently see higher PVR, stronger product penetration, and improved reinsurance opportunities. By having every deal handled professionally and consistently, the dealership captures more profit while also improving customer satisfaction.
What about compliance and lender relationships?
Compliance is a cornerstone of the Virtual Finance Department model. Every deal is reviewed for accuracy and adherence to regulatory standards, reducing risk for the dealership. In addition, our Virtual F&I team actively works to expand lender relationships, giving your customers more financing options and strengthening your competitive advantage.
What does it cost to use a Virtual Finance Department?
The cost of the NextGen Virtual F&I Department depends on the size and volume of your dealership. As a 1099 solution, our program is structured to align with dealer success. There are no monthly fees or fixed costs. Instead, the investment is purely performance-based, typically ranging between 25 and 35 percent of the backend profits generated. This ensures that dealers only pay for measurable results, while avoiding the overhead of maintaining a full in-house F&I staff.
Is a Virtual F&I Department right for my dealership?
Whether you are a single rooftop looking to streamline operations or a large group aiming to scale, a Virtual Finance Department provides the expertise, efficiency, and results that traditional models struggle to match. The best way to determine fit is to join the waitlist and explore how our NextGen program can transform your dealership’s finance operations.
Deep Dive Windshield Time: Exploring the NextGen Virtual Finance Office
The Deep Dive Windshield Time Podcast takes an inside look at the NextGen Virtual Finance Office, breaking down how this innovative approach reshapes the way dealerships handle F&I. In this episode, we explore the full scope of what a Virtual F&I Department can deliver—from streamlined compliance and lender relations to boosting profitability and creating long-term dealer wealth.
Secure Your Spot in the NextGen Virtual F&I Program
NextGen Virtual F&I is redefining how dealerships run their finance operations. Demand for this exclusive service is high, and we’re bringing on dealer partners one at a time to guarantee consistency, compliance, and measurable results.
If you’re ready to elevate your F&I process, expand your lender network, and deliver a smoother customer experience, now is the time to take action. Join the waitlist today and secure your opportunity to transform your finance department with a proven Virtual F&I solution.
Once you’re on the list, our team will reach out to schedule a discovery call and show you exactly how NextGen can integrate seamlessly into your store and start driving growth.
