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...
Affordable California Surety Bond
Posted: September 2, 2019
California Surety Bond Applying for California Surety Bond online is as easy as 1-2-3. Select the bond form the list below, and then follow the instructions listed on the bond page that you have selected. We offer excellent rates on bonds for preferred and high risk individuals with bad credit or who are new in business. If you cannot find the surety bond you are...
Used Car Dealer Bond - Requirement for all Auto Dealers.
Posted: June 2, 2019
Used Car Dealer Bonds are typically called an MVD Surety Bond, or a Motor Vehicle Surety Bond. Auto dealer surety bond is not an insurance policy, it does not protect the auto dealer from any losses, but it does protect the consumer from any wrong doing or wrong actions by the dealer. Most states require auto dealers to carry a surety bond, which is a...
Motor Vehicle Dealer Bond
Posted: October 2, 2011
The main purpose of issuing surety bond, i.e. motor vehicle dealer bond is that it protects the public against the default act of obligator or the dealer to the obligee. MVD bonds can be called in different names like motor vehicle dealer bond, motor vehicle bond, DMV bond, used car dealer bond and in many other names. Motor vehicle dealer surety bonds fetches good demand...