A motor vehicle dealer bond is required by the State of California as a prerequisite to become a licensed motor vehicle dealer in California.
A motor vehicle dealer bond is required by the State of California as a prerequisite to obtain a motor vehicle dealer license in California.
The bond guarantees that the licensee shall not practice any fraud or make any fraudulent representation which will cause a monetary loss to a purchaser, seller, financing agency, or governmental agency. They also shall not fail to comply with conditions set out in Section 11711 of the Vehicle Code.
Motor vehicle dealers are required by State of California statutes to obtain a bond in order to obtain a California motor vehicle dealer license.
A $50,000 surety bond is required by the State of California from a surety company authorized to conduct business in California.
Colonial offers the direct and digital way to obtain a California motor vehicle dealer bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!
A California motor vehicle dealer bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain a California motor vehicle dealer bond when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.