get your car dealer bond today with gotplates.com
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every car dealer must
post & maintain an
active car dealer surety bond
the amount of the bond
varies
depending on the
type and volume
of the dealership
must
maintain a bond of $ 50k
must
maintain a bond of $ 10k
with volume of
24 sales per year or less
must
maintain a bond of $ 10kwholesale only dealers
with volume of
25 sales per year or more
must
maintain a bond of $ 50k
wholesale only dealers
holding an
auto-broker endorsement
must
maintain a bond of $ 50k
vehicle verifiers
must
maintain a bond of $ 5k
licensed dmv
registration services
must
maintain a bond of $ 25k
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quote for your
car dealer bond
you must consider:
2) individual credit scores
3) deposit or co-signed bond
to get an idea of the cost
for dealer license applicants
with excellent credit scores
your 2011 car dealer bond
will ballpark in the area of::
5k vehicle verifier bond $ 168
10k wholesale only bond $ 333
10k motorcycle only bond $ 555
50k auto-broker bond $ 888
50k wholesale only bond $ 888
50k retail car dealer bond $ 888
or
If you are willing to:
1) post cash with the dmv
2) assign savings with the dmv
3) leave your cash or savings
in place for 3 years
after the close of business
car dealer bond
provides a guarantee:
non payment of
fees, penalties & asf’sto the board of equalization for
non payment of
sales & personal use tax
( secondary sales tax bonds
are sometimes required
by the board or equalization )
to any judge in the land
who deems the
car dealer in default
following any type of court action
for any and all payouts on the
car dealer bondthe car dealer bond provider
will sometimes demand
a deposit or a cosigner
based on the
credit activity & history
( or lack of activity )
of the collection of owners
holding a single car dealer license
used car dealer insurance
Tags: 800-901-5950, AUTOGODFATHER, DMV CERTIFIED CAR DEALER EDUCATION, gotplates
By Mike Ramos | 15. Apr 2012 | $ 1M TRAINING GUARANTEE, DMV CERTIFIED CAR DEALER EDUCATION, ezdealerbond.com, USED CAR DEALER BOND, WHOLESALE CAR DEALER LICENSE | No Comments »