A surety bond is a contractual promise among at least three parties implemented to protect the party requesting the auto dealer surety bond.
The surety market, or carrier, supplies a financial guarantee to the obligee (i.e. government) pledging that the principal (business owner) will fulfill their obligations.
One of our impressive features is to offer exciting discounts towards your Motor Dealer Vehicle Bond. Cal-Surety / Your Car Dealer Bond LLC, is thrilled to provide the best surety bond service at a significant discount!
We supply Used Auto Dealer Surety Bonds (includes Wholesale Dealers, Retail Dealers, and Auto Broker), Motorcycle Dealer Bonds, Used RV Dealers, Used Truck Dealers, Car Wash Bonds, Vehicle Registration Service Bonds, Defective Title Bonds, Freight Broker Bonds, California Immigration Consultant Bonds, Artisan Contractor Bonds, as well as an array of other bonds.
Auto dealer surety bond premiums are determined by a variety of factors, however, the credit score of the owner (or member, CEO, etc.) is the most consequential regardless of the type of Surety Bond.
Real estate ownership is often the next most significant, although maintaining a negative equity in the property may not work to your advantage in reducing your bond premium. Rates typically range between 1% - 9% of the surety bond limit.
While Transunion and Nexus Lexis possess extremely extensive reports, nearly all surety bond markets use Experian to generate credit scores.
Equifax credit reporting service is not utilized by surety bond carriers in any capacity.
Cal-Surety bond services of California is an industry leader. We commit to furnishing exceptional customer care and conducting a timely bond application process to deliver an impeccable client experience.
Call (866) 357-4405 now to obtain a FREE quote on our surety bond services!
Cal-Surety strives to remain in our specific niche where we showcase our expertise and extend the most value to customers. Let us assist you in acquiring your California Used Car Dealer Insurance (aka Garage Liability).
Dealer Bond Insurance policies are becoming more costly and complex than ever; we will help you realize the maximum value for your business! It is our pleasure to be of service to you!
The short answer is that as of November of 2020, the California Department of Motor Vehicles does not currently require insurance from their licensed used car dealers. Outwardly, many dealers welcome this since it allows them to operate with a reduced expense load.
Conversly, they tend to reconsider once they encounter an uninsured motorist or incur a claim with an uninsured car dealer.
YCDB developed the Used Car Dealer Academy in mid-2020 to help simplify our dealers' lives and help them improve the operations.
We created a step-by-step program called the Roadmap to 6-Figures to specifically help new and struggling dealers! More info can be accessed at www.usedcardealeracademy.com.
Paul Galvez from Southern California said that YCDB made this bond process quick and easy. Very professional and got me the best deal!”
Cal-Surety Insurance Services and Your Car Dealer Bond are one surety agent.
In response to the expanding needs of our customers, founder Mike Ramos increased our product line beyond the California used car dealer industry with the creation of Cal-Surety Bonds and Insurance Services.
“Cal-Surety” embodies a more universal name allowing us to elevate our product offerings. We are now able to incorporate a diverse range of surety bonds for business owners unrelated to the auto industry. Currently, our most notable addition is the $100,000 California Immigration Consultant Bonds. Our payment plans and low premiums are beneficial for small business owners who must rely on cost effective methods and good management of their economic resources.
TO INFINITY AND THE BOND!