Pricing for car dealer bonds, like most others, depend on a multitude of factors. The usual practice consists in using a point grade system that rates the dealership and therefore calculates the cost of the premiums.
The process also involves a personal and a business credit check. In the majority of the cases, dealers prefer annual payments, which amount to a certain percentage of the bond amount.
Bonds to tend to vary state by state, but the general number for some of the cheaper options tend to fluctuate around the $10,000 mark, though some states, like California, ask that dealerships possess dealer bonds that amount to $25,000.
For specific info regarding your state, live chat with us below, call us at (800) 921-1008 or contact our Bond Manager at email@example.com.
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