Auto Dealer Surety Bonds – Top 3 Questions ever received! So you are a used car dealer and have been looking into Auto Dealer Surety Bonds and you still have some questions. Over the years, I’ve consistently seen some confusion about what exactly this bond does. It doesn’t protect your dealership from customers demanding their…
There are two types of vehicle title bonds; Foreign Vehicle Ownership and Defective Title Bonds (the official name is Motor Vehicle Ownership Bond). For vehicles purchased out-of-state (outside California), the DMV requires a Foreign Vehicle Ownership Bond. Defective Title Bonds are used for vehicles without an available title. Hence, there are a variety of reasons…