To get your motor vehicle dealer license in your state or county, you're required to purchase a motor vehicle dealer or auto dealer surety bond.
But what is an auto dealer license bond? Why is it required? How much does a bond cost? And how long will it take to get? This short video will help you understand the auto dealer bond requirement and how to purchase your bond for a little money as possible.
- 00:24 - Video agenda
- 00:36 - Why is a motor vehicle dealer bond required?
- 01:40 - The 7 must know facts about auto dealer bonds
- 02:02 - Auto dealer bond fact 1
- 02:08 - Auto dealer bond fact 2
- 02:13 - Auto dealer bond fact 3
- 02:19 - Auto dealer bond fact 4
- 02:25 - Auto dealer bond fact 5
- 02:31 - Auto dealer bond fact 6
- 02:02 - Auto dealer bond fact 7
- 02:43 - How much does an auto dealer bond cost?
- 03:31 - Cost example 1
- 03:37 - Cost example 2
- 03:50 - What do you do after you purchase your bond?
- 04:20 - Video recap