{"id":222,"date":"2017-04-28T18:17:01","date_gmt":"2017-04-28T18:17:01","guid":{"rendered":"http:\/\/www.performancesuretybonds.com\/blog\/?p=222"},"modified":"2022-01-24T16:04:50","modified_gmt":"2022-01-24T16:04:50","slug":"california-auto-dealer-bonds-mean-auto-dealership","status":"publish","type":"post","link":"https:\/\/www.performancesuretybonds.com\/blog\/california-auto-dealer-bonds-mean-auto-dealership\/","title":{"rendered":"California auto dealer bonds\u2014what do they mean for your auto dealership?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-232\" src=\"https:\/\/www.performancesuretybonds.com\/blog\/wp-content\/uploads\/2017\/04\/bigstock-auto-business-car-sale-consu-157613354-1024x683.jpg\" alt=\"Auto Dealer Bonds\" width=\"840\" height=\"560\" srcset=\"https:\/\/www.performancesuretybonds.com\/blog\/wp-content\/uploads\/2017\/04\/bigstock-auto-business-car-sale-consu-157613354-1024x683.jpg 1024w, https:\/\/www.performancesuretybonds.com\/blog\/wp-content\/uploads\/2017\/04\/bigstock-auto-business-car-sale-consu-157613354-300x200.jpg 300w, https:\/\/www.performancesuretybonds.com\/blog\/wp-content\/uploads\/2017\/04\/bigstock-auto-business-car-sale-consu-157613354-768x512.jpg 768w, https:\/\/www.performancesuretybonds.com\/blog\/wp-content\/uploads\/2017\/04\/bigstock-auto-business-car-sale-consu-157613354-1200x800.jpg 1200w, https:\/\/www.performancesuretybonds.com\/blog\/wp-content\/uploads\/2017\/04\/bigstock-auto-business-car-sale-consu-157613354.jpg 1600w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<p>If you\u2019re an auto dealer in California you probably have some questions about auto dealer bonds! Viking Bond Service is here to help. Let\u2019s start with some quick facts:<\/p>\n<p><!--more--><\/p>\n<ol>\n<li>All auto dealers in California must have an auto dealer bond in place<\/li>\n<li>The bond size is dependent on the type of business<\/li>\n<li>You\u2019ll need to maintain a bond at all times while you are operating as an auto dealer in California, it\u2019s a licensing requirement enforced by the California Department of Motor Vehicles<\/li>\n<li>Auto dealer bonds generally last for one year and must be renewed annually<\/li>\n<\/ol>\n<h2><span style=\"color: #333399;\"><strong>What this means for your auto dealership:<\/strong><\/span><\/h2>\n<ul>\n<li>You must maintain an active bond at all times<\/li>\n<\/ul>\n<p>Basically this means that you\u2019ll need to apply for a bond and renew it every year to ensure that your auto dealership complies with state auto dealership regulations. The California Department of Motor Vehicles requires that auto dealers maintain an active bond to provide a form of financial recompense for parties who suffer financial loss due to the actions of the dealer. In fact, the California DMV requires you to have an auto dealer bond in place to apply for and keep your auto dealer license.<\/p>\n<ul>\n<li>Your obligations as a bond principle (the person who takes out the bond)<\/li>\n<\/ul>\n<p>By applying for a bond and maintaining an auto dealer license you agree to not partake in any fraudulent activity that will cause financial loss to your clients.\u00a0 If the surety is required to pay out on your behalf, you will be required to repay the surety.<\/p>\n<h2><span style=\"color: #333399;\"><strong>Save time and money by choosing the right bonding company<\/strong><\/span><\/h2>\n<p>Although obtaining and maintaining an auto dealer bond can take a huge amount of time and effort, it doesn\u2019t have to.\u00a0 To help you focus your energy on running your business it\u2019s important to work with a good bonding company who can make the process quick and easy. Selecting a trusted and established bonding company will not only save you time but you can rest assured that they have the experience to track down the best rate for the bond you need.<\/p>\n<h2><span style=\"color: #333399;\"><strong>California Auto Dealer Bonds<\/strong><\/span><\/h2>\n<p>For more information about California auto dealer bonds including required bond amounts, the application process, and how much auto dealer bonds cost in California, visit Viking Bond\u2019s <a href=\"https:\/\/www.performancesuretybonds.com\/surety-bond\/motor-vehicle-auto-dealer-bond\/?bt=california-dealer-bond\">California auto dealer bond<\/a> page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re an auto dealer in California you probably have some questions about auto dealer bonds! Viking Bond Service is here to help. Let\u2019s start with some quick facts:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[27,13,28,8],"class_list":["post-222","post","type-post","status-publish","format-standard","hentry","category-blog","tag-auto-dealers","tag-bonds","tag-california","tag-surety-bonds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>California auto dealer bonds: what they mean for your dealership<\/title>\n<meta name=\"description\" content=\"If you\u2019re an auto dealer in California you probably have some questions about auto dealer bonds!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.performancesuretybonds.com\/blog\/california-auto-dealer-bonds-mean-auto-dealership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California auto dealer bonds: what they mean for your dealership\" \/>\n<meta property=\"og:description\" content=\"If you\u2019re an auto dealer in California you probably have some questions about auto dealer bonds!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.performancesuretybonds.com\/blog\/california-auto-dealer-bonds-mean-auto-dealership\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety Bond Blog | Discover Performance Bonds, Court Bonds &amp; 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