every california licensed used car dealer must present a dealer bond to the dmv

we call the dealer surety bond a pretty pot of gold that you must create and present to the dmv it is a promise to three agencies of state government the bond has a 12 month coverage period with a three year claims period for example: 2017 sales are covered …

your car dealer bond is critical to getting your car dealer license

1. Auto dealer bonds reinforce industry regulations.   Since they’re required before auto dealers can apply for their licenses, auto dealer bonds fall into the license and permit surety category. Government agencies that regulate a wide array of industries establish license and permit bond requirements as a way to ensure …