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What is an Auto Dealer Surety Bond and Dealer Bond Cost?
Posted: January 30, 2022
What Is An Auto Dealer Surety Bond? Auto Dealer bond does not protect the car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the auto dealer. Auto Dealer Bonds guarantee compliance with state laws and every state sets its own bond amount, period and expiration date. Auto Dealers are required to obtain a motor vehicle surety bond which is also known as DMV...
Auto Dealer License Guide and Dealer Bond Cost
Posted: January 22, 2022
Motor Vehile Dealer Bonds and Licensing Motor vehicle dealers are required to post a Texas Motor Vehicle Dealer Bond as part of the process to license the dealership. The amount of the bond depends on what type of vehicles are to be sold and the State you are doing business in. Rates for the dealer bond vary and depend on the application credit history and...
How To Get a Bonded Title?
Posted: January 22, 2022
Auto Title Bond – Car Title Bond Car Title Bond also called surety bond for auto title, defective auto title bonds are issued to individuals or businesses in order to obtain a clear auto bonded title that is issued by the motor vehicle department and shows vehicle ownership. Have you lost your auto blue title, car title or never received your auto title for some reason, and so...
Auto Dealer Bond
Posted: January 16, 2022
Auto dealer bonds, sometimes called motor vehicle dealer bonds or car dealer bonds, are government required surety bonds that auto dealers must purchase to obtain a dealer license. Auto dealer bonds protect the public from financial harm resulting from violations of licensing law committed by the auto dealer. Texas auto dealer surety bonds rates start from $329/ 2 years based on good credit history. Texas Motor...
How Much Does an Auto Dealer Bond Cost?
Posted: November 26, 2021
Auto dealer bond is like any other surety bond is required by the state entity so a dealer to get his dealer's license. Rates vary among 3 factors so the dealer can get the best rate possible. Factor #1 is the Bond amount needed or required by the State Entity Factor # 2 is the applicant credit history Factor #3 is the applicant previous claims...