Is it that time of year again when you need to renew your Used Car Dealer Bond?
Well, then you’re in luck! Perhaps you’re still going through the wonderful process of getting your DMV Dealer License, we can help you also. Your Car Dealer Bond (YCDB) writes about 1,300 dealers just like you a surety bond per year.
What does that mean to you?
Which that level of experience, YCDB can really offer you great savings! That said, our value goes beyond finding you discounts that others miss. We offer business consulting for our car dealers for starters. With over 20,000 hours of this specific expertise, we can definitely help you get your business to the next level.
It’s all so complicated for me since I’m just getting my DMV Auto Dealer License?
- No worries, YCDB has you covered regardless if you are a Wholesale Auto Dealer, Retail Dealership, or Auto Broker. We take pride in helping dealers navigate through this muddy terrain. Leverage our experience for your benefit.
- $10,000 or $50,000 bond: don’t think about it another minute. Give us a call and we can walk you through everything to simplify your life. You need to start selling cars and making money ASAP!
- BK in your history or you are not a citizen? This is not an issue at all for Your Car Dealer Bond LLC. Leave that to us and you can get back to making money.
- Do you have bad credit…we have surety carriers that can help you also. We also have payment options that can likely help you only pay a fraction of the annual premium and then have 4 payments set up to follow. This is a real game-changer to dozens of our California used car dealers every year!
- Have you had a bankruptcy, short-sale, or foreclosure in your past?
- Have other bond agents quoted you a really high price or told you that they could get you a car dealer bond?
This is not a problem at all, Your Car Dealer Bond is here to help and it’s the only reason for our existence.
Here is a quick list of some of the initial California DMV Car Dealer License requirements:
Every California Car Dealer (retail, wholesale, and auto brokers) has very specific requirements which include but are not limited to:
- DMV licensing paperwork. YCDB can help with this if needed.
- Having a surety bond in place with limits of $10,000 or $50,000. Again this is our specialty and would love the chance to earn your business!
- A lease must be in place and proper signage will need to be in good order.
- Obtaining a business license is likely the next step. Just head over to the City Building. Please note that this step is not needed if the business address is in an unincorporated part of town.
- If you are not an LLC or Corporation then you may not need a Fictitious Name Statement.
- The next step is typically obtaining a Resale Permit from the Department of Tax and Fee Administration.
- You will also need a checkbook in the business name.
- Then the DMV inspection happens.
