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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Tags: compliance, dealership, financing
Posted in: Auto Dealer Business
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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Tags: california, compliance, dealership, financing
Posted in: Auto Dealer Business