The responsibilities of owning an automobile are significant. One must keep the car in running order, make sure brakes and tires are in good condition, and provide insurance in case of an accident. In addition, auto owners must do routine up-keep and pay for fuel. The responsibilities of selling an auto are equally weighty.

Automobile dealers are regulated by each state and must comply under penalty of law and loss of their auto dealer license. The Department of Motor Vehicles is the governing entity, and compliance is mandatory. The process of acquiring an auto deal license is complex and can take up to four months. Applicants must provide documents showing proof of business license, proof of insurance, an auto dealer surety bond, any franchise agreements, and photos of the dealership. Individual sales staff must be licensed as well. Rules vary for used and new car dealers. There is a DMV training program and online assistance. Expect to undergo a background check. These are the same requirements for dealers of autos, motorcycles, recreational vehicles, and boats.

These regulations are in place to protect the consumer and the dealer. Personal information about the buyer must be protected and DMV fees must be paid. Used automobile dealers take care of the transfer of title, and with used cars, this is not always easy as titles get misplaced over the years.

Auto dealer bonds are obtained through a surety bonding agency. The auto dealer surety bond serves to protect the consumer, unlike insurance which serves to protect the dealer. Consumers are smart to make sure that their dealer is licensed and bonded. These way car buyers know they are dealing with a reputable dealer and have some recourse in case of a problem. The surety bond company will also check into personal and business financial records, credit histories, and business history. Rates for the auto dealer bond will depend of the required amount and the financial risk of the applicant. Typically, rates will decrease with a positive history with the bonding company.

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By choosing an auto dealer bond leader, such as SuretyEZ, Sal-Society Insurance Services, Inc. you can rely on quick, easy, personal, and professional service. SuretyEZ will do its job so you can do yours. They have markets to accommodate dealer bond applicants with challenged credit, and can provide competitive pricing to all their clients.