Bad credit can be a serious hamper to getting bonded. The reason is that your credit score is one of the main factors in the bond cost formation.
At our family-run surety agency, we know that it’s difficult to run a dealership when you’re facing financial issues. That’s why we offer dealers the ability to obtain the necessary bond even if they’re struggling with bad credit by opting to set-up convenient payment plans.
Related FAQs
The bond provides protection to your customers in a range of situations. The most common cases when the bond coverage can be activated include: Breach of warranties Fraudulent financing schemes Title transference issues Misleading information about sold vehicles Interference with odometer readings Non-payment of sales [...]
Yes, it is the State law for all owners of a vehicle to have auto insurance. It is your choice if you wish to insure for physical damage if there is not a lender involved.
Broad form collision allows you to not have to pay your deductible if you are not deemed at fault in an accident. There are also options to choose “regular” and “limited”. These options should be discussed with your agent.
