Part 4/10:
The role of finance managers can, unfortunately, be a double-edged sword. Often, these individuals are tasked with securing financing for customers. However, inexperienced owners may hire unscrupulous finance managers who engage in "firebombing finance." This practice entails taking on risky loans with little regard for the financial consequences, such as excessive recourse agreements that leave the dealership liable for repaying banks if customers default. Such practices can lead to devastating financial repercussions long after the manager has moved on, placing a burden on the dealership's integrity and finances.