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LIFE-LONG LEARNING IS A GOOD THING
S. Allen Monello, D.P.A., CPFS
I always believed that no one can possibly know too much about a particular subject. Things change and we must keep up-to-date with those changes, especially when it has to do with compliance in the automotive sales and finance industries.
A couple of years ago I decided to become certified as a Consumer Credit Compliance Professional through the National Automotive Finance Association. The course was rigorous and it consisted of four parts. I learned a great deal of new material and I was very pleased that I received the certification. I must complete continuing education requirements every two years to maintain this certification.
There was another certification that I was always interested in pursuing, but life always got in the way and I never did. Until recently. You might have heard of AFIP -- the Association of Finance and Insurance Professionals. AFIP has been around for many years and is highly respected in our industry. Many Finance and Insurance (F&I) Managers in automotive dealerships throughout the country hold this certification. This too was a rigorous course with a 200-question exam (taken at a test center) at the end. I studied for many hours and they were all worth it. I again learned things -- about various federal laws that the automotive industry is regulated by -- that I didn't know. After passing the exam I was able to place the following letters after my name: CPFS - Certified Professional in Financial Services.
Since I own my own consulting business (and don't work directly for a dealership), I didn't have to obtain either certification. No client ever asked me to become certified, and I have no boss that made me. Instead, I pursued these certifications because my job demands that I be current in my knowledge of automotive sales and finance laws and rules, and because I enjoy learning and can never get enough of it.
Perhaps you should give some thought to becoming certified. You will be happy you did!
Allen Monello is a founder/owner of the Automotive Industry Center for Excellence, LLC, a company that provides compliance consulting services to auto dealers and lenders. He can be reached by email at Allen@TheAICE.com or by telephone at (727) 623-9075.
Florida Motor Vehicle Dealer Pre-Licensing Classes Offered Online
S. Allen Monello, D.P.A.
Automotive Industry Center for Excellence, LLC
Looking for a new career? Do you want to sell cars, trucks, motorcycles, RVs or mobile homes full or part-time?
You can accomplish this by becoming a licensed Florida motor vehicle, RV or mobile home dealer. Many people entering this industry are doing so while maintaining another job or career so they can eventualy transition to becoming a full-time dealer. Getting the required pre-licensing training is simple, inexpensive and convenient. Please go tohttps://www.theaice.com/training/Register-Online-Course_200.cfm?prmGeo=FLto read about the different courses that are offered. When you take an online class from AICE, you receive -- at no additional cost -- 30 days of support. That means, after you have completed the course, you may email us with any and all questions you have for up to 30 days!
Give us a call if you have any questions. Owner/Founder Allen Monello can be reached at (727) 623-9075 or by email at Allen@TheAICE.com.
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