California Motor Vehicle Dealer Bond
Bond Coverage & Premiums
The state of California distinguishes between various types of auto dealers and, as such, will determine the costs.
For example, new motor vehicle dealers who sell 25 vehicles or more in a calendar year will require a $50,000 bond, while dealers that specialize is used automobiles, motorcycles, ATVs, or wholesale dealers will require a $10,000 bond.
Who requires the bond?
The California State DMV is the obligee, or the whom, that requires motor vehicle bond.
Who needs the bond?
The party that needs the motor vehicle bond is the auto dealer, who pays for the bond.
Why does the principal need the motor vehicle bond?
The California Department of Motor Vehicles requires auto dealers to get this bond in order to do business within the state.
The Simple Bonding Process
View your price or request a free quote
Discover unbeatable value with coverage options tailored to your needs.
Sign your contract and pay the premium
Seal the deal and ensure protection and peace of mind for your business.
Receive your surety or fidelity bond
Expect a speedy turnaround. Our typical turnaround time is 24 hours or less.
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