South Carolina Auto Dealer Bond
Before you get your South Carolina dealer license issued, you'll need to purchase a surety bond called a South Carolina auto dealer bond. If this is your first time getting licensed, the concept of a surety bond is probably new to you.
This video was created to explain what an auto dealer surety bond is and why the South Carolina Department of Motor Vehicles requires it.
Check the timestamps below if you want to jump around. If you have any questions, ask in the comments and I'll personally answer you.
- 00:25 - Video agenda
- 00:47 - 6 dealer license classifications
- 01:17 - What is an auto dealer bond?
- 01:43 - What does an auto dealer bond protect against?
- 02:24 - Examples of dealer misconduct and fraud
- 02:56 - What is the bond amount?
- 03:32 - How much does a dealer bond cost?
- 03:52 - Primary factors that determine the bond cost
- 04:23 - How to NOT overpay for your auto dealer bond
- 04:50 - How the price quote process proceeds
- 05:47 - Example rates and prices
- 06:05 - How long does it take to get your bond?
- 06:38 - How to keep your dealer bond active
- 07:36 - How to get pricing today
Read about post about the steps to get your South Carolina auto dealer license.
Your dealership application requires a surety bond called an auto dealer bond. Learn what this bond is and how to buy it for as little as possible!
North Carolina Auto Dealer Bond
Getting your North Carolina dealer license means buying an auto dealer bond. Learn about this requirement and how to buy your bond for less money.
10 Steps To Get Your South Carolina Dealer License
There are 10 high level steps to get your South Carolina auto dealer license. Here are the steps, plus the new rules that are coming in the new year.
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