The California Motor Vehicle Commercial Requester Account Bond starts at $500 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The California Commercial Requester Account- Duplicate Product Bond starts at $500 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The California Employer Testing Program Bond starts at $1000 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The California Motorcycle Dealer, Retailer, All-Terrain Vehicle Dealer, Wholesale Dealer Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The California Motor Vehicle Dealer Bond starts at $500 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The California Motor Vehicle Verifier Bond starts at $50 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The California Vehicle Registration Service Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The California Waste Tire Hauler Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
Auto dealer surety bonds (also called motor vehicle dealer bonds) are mandated by the California Department of Motor Vehicles (DMV) as part of the licensing requirements for dealerships to conduct business in the state. The DMV sets the total bond amount based on the type of dealership license and the dealer’s annual number of vehicle sales:
The surety company determines your premium rate, which is the percentage of the total bond amount you pay as the premium. Premium rates for California auto dealer bonds typically cost between 1% and 3% of the total bond amount.
During the application process, the surety company evaluates your personal credit, financial statements, industry experience, and licensing history. Applicants with good credit generally receive the lowest rates, however, bad credit will not prevent you from securing a California auto dealer bond. EZSurety still offers competitive rates to individuals with low credit scores or other financial issues.
Below are the lowest premiums EZ Surety has issued for auto dealer surety bonds in the State of California.
California auto dealer bonds provide protection for customers, creditors, and the state government. When a California motor vehicle dealer posts a surety bond, they provide a guarantee to the California DMV that they will conduct business in compliance with the conditions listed in section 11711 of the Vehicle Code.
If the auto dealer fails to comply with the Vehicle Code, the surety company will pay out financial losses to damaged parties up to the full bond amount. The auto dealer is liable to reimburse the surety for any damages paid under the bond.
To obtain your auto dealer license in California, you must complete and submit your dealer application and pay the associated fees to the California DMV. There are different applications for selling new or used vehicles.
New car dealers must complete the application packet (Form OL 248N), which contains the following forms.
New dealer applicants must pay the following fees:
Used car dealers must complete the application packet (Form OL 248U) which contains the same forms and fees with the following exceptions:
Along with the application forms, auto dealers will need to provide the following documents to receive their auto dealer license:
You’ll know if you need a surety bond because some entity will have required you to obtain one. They must also inform you of which specific bond type you’ll need. There are thousands of bonds across the country, all of which vary by state and industry.
Visit EZSuretyBonds.com to browse hundreds of bonds by state, type, or industry.
