Do I need excellent credit? No, don’t let bad credit prevent you from getting the bond you want! We can help you! Our experts are dedicated to locating the perfect Surety Company for you, and in most cases, regardless of your credit history. We can often communicate our best rate to you within 24 hours.
We can help with a variety of services for our clients such as…
CAR DEALER SERVICES:
- California Used Auto Dealer Insurance. Used car dealer insurance has become increasingly expensive over the years and much harder to secure. Let YCDB help you today as just another value-added benefit.
- Dealer Consulting. California used auto dealers sometimes find tremendous benefits in having a helping hand and a little advice about best practices. It always amazes us the level of success some dealers experience with just a few minor tweaks to their business model!
STILL NOT CONVINCED THAT WE OFFER BEST SURETY BOND SERVICES OF CALIFORNIA?
The real reason as the president of the company that I am confident in boasting about our success is because of how unique Your Car Dealer Bond has become! Of all the surety bond services of California, we are the only ones that are actually giving back to their customers in a unique way. We have set up an entire division to make sure that we help our car dealerships and other business owners build their brand.
Every single year the reason is the same and I deal with over 600 dealers per year. The biggest reason that I hear that good California used car dealer go out of business is no big surprise. It’s because they can’t generate enough customers to sell cars to. When they first thought about flipping cars in California, it all seemed so simple.
- Get your pre-licensing education for 6 hours.
- Pass the DMV dealer license test.
- Go through the rest of the step-by-step process of getting your California DMV dealer license and let the good times roll!
Then once that used car dealer runs out of friends and family to sell to, they are left scrambling to increase their sales. And where are all the good folks that sold that dealer their quality services? Where is that agent that claimed that they were the best surety bond services of California for you? The one that you thought was such a bargain because he saved you $20? Be honest, you know they only really want to talk to you when it’s time for you to renew your dealer bond!
Your Car Dealer Bond can assist with a host of various services and we welcome the opportunity to assist good people like you.
FAQs about Surety Bonds
Although we can place a wide variety of bonds, Your Car Dealer Bond | Cal-Surety specializes in Car Dealer Bonds (aka Used Car Dealer Bonds or Auto Dealer Bonds), Vehicle Registration Service Bonds, Motor Vehicle Ownership Bonds (aka Defective Title Bonds) Car Wash Bonds, and California Immigration Consultant Bonds.
We know that you have a choice in which company you use for your surety bond services of California! And for that reason, we thank you for giving YCDB the chance to earn your business! Here’s a link that will help you through the surety bond process: https://cal-surety.com/auto-dealer-bond/
Your Car Dealer Bond has invested in technology that allows you to pay with an electronic check which makes the payment process nearly instantaneous. This technology allows you to literally take a picture of your check and text it to us or fax it to us if that is better. Of course, a scanned copy of the check can also be emailed to us or we can take a credit card payment to initiate your surety bond purchase.
You can always call one of our friendly staff members for assistance however, Your Car Dealer Bond will notify you approximately 30 days prior to your expiration date. Depending on your preference, you can make payment by check, debit card, and most major credit cards. Having more options is another reason more used car dealers are choosing YCDB as their preferred bond services of California!
Be sure to make payment prior to your bond expiration date in order to avoid cancellation and any associated fees.
We can issue surety bonds the same day as all documents and payment is received. Our proprietary process involves various methods to help speed things up just for you.
From the manner in which we can accept payment to the ability you have to track your incoming bond, Your Car Dealer Bond | Cal-Surety plain and simple makes things super easy for you.
This may be one of the key reasons we are one of the fastest local, family-owned surety bond services of California!
YCDB has various surety companies that can offer premium pricing to Permanent Residents. In most cases, we can have the rates back from 5 companies within 1 day. Give us the opportunity to earn your business by making things simple and inexpensive for you by leveraging our experience and technology.
Your Car Dealer Bond | Cal-Surety created the Surety Bond FAQ exactly for this reason. We have a deep understanding of the insurance and bond business and enjoy imparting that knowledge to others that have questions!
The issuing governing entity controls whether a dealer bond is mandated and determines the required bond limit. The surety company issues a bond that is signed by their power-of-attorney, stamped with an embossed seal, and then notarized, thus validating it as an official document. Oftentimes bonds are required before business owners can get a license to operate in a certain city or state. It is important to note that the government entity issuing the license is provided the Dealer Bond and activate a claim against the bond if the licensee is not fulfilling the obligations voluntarily.
A Used Car Dealer Bond is a legal contract that guarantees and protects customers. The Dealer Bond promises to provide aid in the recovery of financial loss resulting from dealer fraud or unethical business activity. Most states require motor vehicle dealers to procure a Surety Bond in order to operate legally. The Bond also acts as a line of credit and assists in regulating the Dealer industry. An Auto Dealers Bond conveys credibility to both current and future customers.
The typical participants of a dealer bond are: Obligee – The government entity or individual requiring a “principal” to be bonded. Principal – The primary person who is required to be bonded. Surety – financial guarantor who assures the “obligee” that the “principal” can perform the task. Let our professional and highly-skilled staff support you through the most confusing part of the dealer licensing process. NOTE: The Dealer is responsible for reimbursement of any paid bond claim.
Surety bond premiums vary due to the following reasons:
- Surety bond limit ($10,000 or $50,000 in California).
- Credit Score. The Experian Credit Score is what most surety bond carriers will rate your bond based in 2018.
- Application and Financial Credentials. Financials are usually not used for California Car Dealers thankfully.
- Whether you finance or pay in full. We have a payment option for some of our auto dealer bonds depending on the carrier that is writing that surety bond.
Bond premiums can range between 1% and 15% of the bond limit. Complete our quick and easy application today. It’s FREE!
