Auto Dealer Bond Types
For over 20 years, Coffer Services has specialized in providing motor vehicle dealer bonds. We strive to offer dealers the lowest prices possible and provide the best customer service.
To obtain a California auto dealer license, the California DMV requires motor vehicle dealer bonds (50K or 10K). Additionally, to keep your dealer license active, you must renew your bond annually.
Most Common Orange County Auto Dealer Bonds
Retail Motor Vehicle Dealer Bond
All retail dealers must purchase a $50,000 Motor Vehicle Dealer Bond. Even wholesale dealers working with 25 or more vehicles per year need a $50,000 Motor Vehicle Dealer Bond, regardless of having a Wholesale-Only license.
Wholesale-Only Dealer Bond
Wholesale-Only dealers working with under 25 vehicles per year are required to have a $10,000 Bond. Please note that rates are based on the applicant’s credit score, and premiums may vary.
We also offer the following Orange County auto dealership bonds:
- $25,000 Registration Service Bond
- $5,000 Vehicle Verifier Bond
- Defective Title Bonds (Car Title Bond)
- $50,000 Commercial Requester Account Bond
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Why is the Auto Dealership Bond Required?
The Motor Vehicle Dealer Bond stands as a formidable shield, commanded by the California State Legislature to safeguard the interests of the public. It acts as a mighty guardian, standing tall under the watchful eye of the CA DMV Occupational Division. Furthermore, this ensures that auto dealers uphold their responsibilities with unwavering integrity.
Designed to provide reassurance and protection, this mandatory bond steps forward as a beacon of security. Should any transgressions occur, it gallantly springs into action, extending its protective mantle to shield claimants from financial harm. With a steadfast commitment, it covers them up to the esteemed dollar limit of the bond, leaving no room for uncertainty or vulnerability.
An Invaluable Requirement
This invaluable requirement fosters an environment of trust and peace of mind, reassuring consumers that they are shielded from the clutches of fraudulent practices and the unsettling aftermath of failed registration transfers. Moreover, it stands as a resolute guardian for those individuals who find themselves on the unfortunate end of non-payment for a vehicle sold to a licensed dealer, ensuring they are not left in financial distress.
The Motor Vehicle Dealer Bond embodies the unwavering dedication of the California State Legislature to protect its citizens. It stands as a testament to their commitment to uphold fairness and fortify the pillars of a flourishing automotive dealer industry, empowering individuals with confidence and safeguarding their financial well-being. Lastly, Yyou can review Section 11711 of the California Vehicle Code to read more.