Your GOOD CREDIT PRICE for a California Motor Vehicle Dealer Bond is as low as $500 with 3 + years in business and a minimum credit score of 720.
California Auto Dealers are required under the Vehicle Code Section 11710 to file a California Auto Dealer Bond as a condition of licensure.
Bonds Express offers a California Motor Vehicle Dealer Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Motor Vehicle Dealer Bond holds you accountable for your business decisions.
By possessing a California Motor Vehicle Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.