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.Â 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, and Freight Broker Bonds.
Auto dealer 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 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.
Your Car Dealer Bond of California is an industry leader where it really counts. We are committed to furnishing exceptional customer care and conducting a timely bond application process to deliver a great client experience.
Call (866) 357-4405 now to obtain a FREE quote on our surety bond or insurance 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 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 September of 2021, the California Department of Motor VehiclesÂ 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!
Paul Galvez from Southern California said that YCDB made this bond process quick and easy. Very professional and got me the best deal!â€
YCDB is the 1-stop shop for today's used car dealer needs.
Dealer Insurance and Dealer Surety Bonds is rarely bundled for auto dealers so efficiently.
YCDB is a family-owned and operated agency that has a razor focus on making our customers' lives simple. Take advantage of our unrivaled 20+ years of experience working for a large insurance carrier.
Your dealer business should only be left in the hands of experts at every turn.
We appreciate the chance to earn your business!