How Much Does A Car Dealership Finance Manager Make The average salary of a dealership F I Manager in 2023 was more than 150 000 per year 63 of F I Managers earn at least 150 000 and over 30 of F I Managers earn at least 200 000 per year Automotive finance managers are highly paid because of the rare skill set that one must possess to become an F I Manager
The average salary of a Finance Manager Auto Dealership ranges from 125 088 to 159 643 The average salary range for a Finance Manager Auto Dealership varies widely which indicates that there are many opportunities for advancement promotions and salary increases These opportunities depend on many factors including skills education The average salary for a Dealership Finance Manager is 102 462 in 2024 Base Salary 59k 139k Bonus 3k 23k Profit Sharing 2k 17k Commission 7k 134k
How Much Does A Car Dealership Finance Manager Make
How Much Does A Car Dealership Finance Manager Make
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1 Graduate high school To become an automotive finance manager first earn your high school diploma or GED This is typically the minimum education requirement for this type of role Your business classes can help provide an overview of financing and investing to prepare you for this type of career How much does a Car Dealership Finance Manager make As of Jul 31 2024 the average annual pay for a Car Dealership Finance Manager in the United States is 144 648 a year Just in case you need a simple salary calculator that works out to be approximately 69 54 an hour This is the equivalent of 2 781 week or 12 054 month
The foundation of a Dealership Finance Manager s compensation is the base salary On average in 2023 the base salary for Finance Managers hovers between 90 000 and 144 000 annually This range can be influenced by factors such as the manager s level of experience the size and reputation of the dealership and the specific region or city in Avg Base Salary USD 10 31k MEDIAN 80k 90 198k The average salary for an Automotive Finance Manager is 80 473 in 2024 Base Salary
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The estimated total pay for a Automotive Finance Manager is 126 883 per year in the United States area with an average salary of 90 203 per year These numbers represent the median which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users 30 241 044 Dealership Finance Manager Salaries provided anonymously by employees What salary does a Dealership Finance Manager earn in your area
Lastly this fictional F I Manager receives 12 of the profit they generate for the finance department minus product cancellations Let s look at how this pans out over a full month using typical dealership numbers 400 salary X 4 weeks 1 600 600 draw X 4 weeks 2 400 300 demo allowance X 1 300 There are very few careers that offer average salaries of 142k according to NADA without a college degree and that is why Finance Manager for an auto dealership or often referred to as F I manager career can do 3 F I Manager The F I Manager job title refers almost exclusively to the automotive industry
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How Much Does A Car Dealership Finance Manager Make - How much does a Finance Manager make at Car Dealership in the United States Average Car Dealership Finance Manager yearly pay in the United States is approximately 94 439 which is 9 below the national average Salary information comes from 3 data points collected directly from employees users and past and present job advertisements on