California DMV Certified Auto Dealer License Educator #CCC0028

Surety Bonds for Vehicle Dealers

September 12th, 2023 by Jessica Biarbe

Before any dealer license is issued or renewed by the Department of Motor Vehicles, the applicant must file with the Occupational License Unit a bond executed by an admitted surety insurer or cash CD in the same amount. Surety bonds are designed to...

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Posted in: Auto Dealer Business

What is a Buy Here Pay Here Dealer?

December 28th, 2021 by Jessica Biarbe

"Buy here, pay here" dealerships are auto dealers that not only sell cars but effectively act as the bank, too, by providing in-house financing, typically for buyers with bad credit.* Interest rates can be higher than other lending options and customers...

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Posted in: Auto Dealer Business

Disclaimer
Information within this publication is not intended to give legal advice or compliance with any Federal, State, or local laws and/or regulations. It should be noted that laws, regulations and standards are subject to revisions, additions or deletions at any time. If legal advice or assistance is required, the services of a competent professional should be obtained.