If you’re still on the fence about getting into the used car business, we’ve got you covered. Here are 5 more reasons to start flipping cars in California: Profit margins that reward dealers that have invested in their process Great potential exit strategy due to being a business to sell once the model is built…
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…
It’s common for our auto dealers (Retail, Wholesale, or Auto Broker) to need something fixed or changed after they purchase their DMV Dealer Bond…this change is called a Dealer Bond Rider. Minor fixes do not require another bond! The 3 Most Common Reasons a Car Dealer would need a Rider: If you are applying for…
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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…
