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Dealer Bonds

“Bonds for all of your dealer needs”

 

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DEALER EDUCATION

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Budget Plus Insurance Agency Inc.,
330 Tennant Avenue
P.O. Box 188
Morgan Hill
CA 95037
License # 0666869

 

Toll: 888-208-2224
Tel: 408-779-6188
Fax: 408-779-0530

 
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California Vehicle Code 11710 requires that before any license is issued to a dealer, a surety bond must be in force. California Vehicle Code 11721 (b) requires automatic cancellation of an occupational license for failure to provide the department with a bond prior to the effective date of the termination by the surety company of any existing bond.

 

Types of Bonds Available

  • Wholesale Dealer Bonds
  • Retail Dealer Bonds
  • Sales Tax Bonds
  • Defective Title Bonds
  • Engine Verifier Bonds
  • Vehicle Registration Service Bonds
  • Employee Dishonesty or Fidelity Bonds

Most of these bonds are written quite freely. All require a signed application and most need an estimated net worth. Credit reports are obtained to determine preferred rates.

Please contact Anita Cardoza at (888) 208-2224 ext. 2365 for more details.