Fifth Third Program overview
Fifth Third Program Quiz
Test your knowledge of the Fifth Third Program with our engaging quiz! This quiz is designed for those involved in the automotive finance industry and covers key aspects of the program that can impact your sales success.
Whether you're a seasoned professional or new to the field, you'll find valuable information about:
- Approval processes
- Product offerings
- Policies and requirements
- Customer qualifications
90 days to first payment is available on every approval.
True
False
Alex J comes into your store and purchases a 2018 Range rover. He is your favorite type of customer and buys the whole left side of your menu, and of course finances through Fifth Third. Here are the items he purchased: Tire &Wheel, Paint/Fabric protector, Key replacement, Warranty, Maintenance, Theft protection. Which products are included in your guaranteed $5k backend ? Select all that apply.
Paint/Fab
Tire and wheel
Key replacement
Warranty
Theft protection
Maintenance
What is Fifth Thirds maximum amount Financed Policy?
$100k plus allowable back end.
Call your DDR
100k
85k + allowable back end
What are the minimums for a qualified Fifth Third application? Select all that apply
660 score
24 months in fille
5 trade lines
Used car only
90% LTV
What is the Model year & Mileage policy for Fifth Third?
Current year- 10 up to 100k miles
2008+ up to 140k miles
2000+ up to 125k miles
Current year - 7 up to 150k miles
Approved: $23170.64 @60 months @4.74% buy rate. The Customer puts down an additional $1500 and contracts at 72 months. What is their buy rate?
5.09%
4.99%
4.64%
4.74%
Customer: Lauren K
Collateral: 2017 Mazda CX 5
Retail: $23760 Value
Approved $29675 for 60 months @ 3.50% buy rate
**CONTRACTED**
Line 5: $29675 @3.0% buy rate
What is the your flat as a standard dealer?
3% total amount financed
2.5% total amount financed
I'll wait for my funding recap
3.5% total amount financed
Sam B- elementary school teacher for 1 year, making $40k a year. 612 FICO, 23 months in file with 3 trade lines. $5k cash down looking to buy a CPO 2019 Cruze. Do you submit this deal to Fifth Third?
Yes
No
Call in and we will bureau shop whichever has the best score.
Trans union 9.0
Equifax 9.0
Fico 8
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