How to Become a Volvo Auto Dealer
Becoming a Volvo dealer can be a very lucrative business. There are several requirements that have to be met in order to become a licensed dealer selling Volvo. Become familiar with the necessary requirements and comply with all of them and you will be on your way to starting your own Volvo dealership.
- Find out the laws pertaining to dealer licensing in your area. Contact the Department of Motor Vehicles (DMV) nearest you to inquire about this. They will tell you about all training programs, testing and information that need to be provided before you can become a licensed dealer.
- Contact Volvo to apply for the Volvo's Dealer Program. You can visit Volvo's website and download the application for their car dealersip. Complete the application following their instructions, and be sure to answer all questions. Send the application to the address indicated on the application. Their market representative in charge of your area will contact you after reviewing your application. If you are offered a franchise, you will need to complete the Volvo training program, and pay all applicable fees to Volvo to complete the franchise process.
- Apply for a DBA permit and dealer's license. A DBA stands for "Doing Business As" and will allow you to run business under a fictitious name, while your dealer license allows you to purchase and sell automobiles. An agent in the business registration office in your city can walk you through the procedure for registering your Volvo car dealership.
- Obtain a surety bond. This makes the customer feel secure about dealing with you. Having surety bonds indicates that a car dealer complies with the rules and regulations imposed by the state, which means protection of buyers from fraudulent dealer activity. You may be required to go through background check. Volvo franchise training may provide details on obtaining surety bonds or you can use the Internet to search for "car dealership surety bonds."