Why Do You Need a Used Car Dealer Bond?

Used car dealer surety bond also known as DMV bond, motor vehicle dealer bond, car dealer bond is required by the State to obtain a dealership license so you can conduct business in that State.. Auto dealer bond does not protect the used car dealer from lawsuits, Your will need Dealer Garage Insurance to protect your dealership from claims and lawsuits, but Surety Bond protects the consumer from any fraud or misrepresentation by the car dealer. Auto Dealer Bond guarantee compliance... Read Article

Purpose of Buying Surety Bond for Auto Dealers.

Surety Bonds for Vehicle Dealers Auto dealers in most states must file a surety bond with the state’s Department of Motor Vehicles (DMV) before they can receive their auto dealer license. Unfortunately, purchasing an auto dealer bond can be one of the most confusing parts of getting a dealer license. That’s why we developed the following comprehensive guide to auto dealer bonding. Surety bonds are... Read Article

How to get a Auto Dealer License?

Auto Dealer License. Contact the Department of Transportation – Motor Vehicle Department ( MVD) or go to their Web site in your State. If you plan on doing any financing or arranging financing you also need a license from the Office of the Consumer Credit Commissioner. For a retail used car dealer, you must pay a license fee for dealer license application plus a fee per metal dealer... Read Article