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2019's Most Useful Resource for Used Car Dealers!...

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2019's Most Useful Resource for Used Car Dealers!...

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The intent of this California Used Car Dealer Bond Buyer’s Guide is to shed light on a variety of subjects that are relevant to auto dealers in 2019.

This is not an attempt provide legal advice in any manner. If you appreciate the time that went into developing this resource for you, please share it with a friend in the car dealer industry!

Here's just a taste of what you can expect from this free resource for auto dealers:

What is a Curbstoner | What are the California Curbstoning Laws?

A California Curbstoner is someone that sells more than 5 vehicles per year without becoming a licensed car dealer. Flipping a car to make a profit a couple times a year could just be a nice sideline business but the DMV cut-off is 5 per year.

ü  Keep in mind that California Curbstoning laws vary from other states.

These Curbstoning laws are in place to protect licensed California used car dealers that have significant overhead to run a legal dealership.

Even though a great bond agency in California like Your Car Dealer Bond can help you keep you surety bond costs low, your lot lease, reconditioning, payroll, various taxes, DMV, auction fees, dealer insurance, dealer management software, marketing can be mostly if not managed properly.

Can a Wholesale Dealer Sell to the Public?

No! Just so we are on the same page, a wholesale dealer cannot sell vehicles to the general public. A wholesale car dealer can only sell to other licensed motor vehicle dealers. The wholesale car dealer may however, purchase from any car dealer auctions, private parties, and wholesale or retail car dealers.

A Profitable Way to Start Flipping Cars in California in 2019.

Making money flipping cars is not a new concept but the ways of marketing a dealership have changed. Flipping cars in California is a big business and can be very profitable as long as you are buying and selling your inventory with a large enough profit margin to account for all the expenses.

ü  “Buy low and sell high,” is the mantra in the used car business. If you can master the art of buying used cars for a low price and selling it to someone else for “the right price”, then you can get started with a very profitable business.

Notice the language we are using here…”the right price”. Knowing how much your expenses are per month is necessary to know how much you need to make on each car. Selling too many loss leaders is usually not a “Best Practice” for California used car dealers!

Although, you can also start flipping cars to experience something fun and interesting in your free time. It does require a time commitment to get things off the ground. But always remember that you get out what you put in! Patience is the key.

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This is a great video I did on the differences between a car dealer bond and used car dealer insurance...

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This is a great video I did on the differences between a car dealer bond and used car dealer insurance...

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Please comment with your thoughts!

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Do you want to start Flipping Cars in California?

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Do you want to start Flipping Cars in California?

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The DMV used car dealer licensing process can be overwhelming to some folks but it is required if you want to sell more than 5 cars per year.

There are 3 used car dealer types in California.

Retail auto dealers are the dealers you see that have dealer lots. They offer test drives, have inventory to look at, and they can sell directly to the public.

Wholesale-only car dealers can only sell to other licensed car dealers. This answers a big question we get which is can a wholesale dealer sell cars to the public. The answer is a hard NO!

Auto Brokers never buy or sell a car, they only arrange a sale between a buyer and seller. Think of it like a cupid for the auto dealer industry!

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Your Car Dealer Bond - in Snow (Pinterest)

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Cal-Surety Bond and Insurance Services are a quality, family-owned company that is dedicated to the California market.

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Cal-Surety Bond and Insurance Services are a quality, family-owned company that is dedicated to the California market.

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We are offering more value in 2018 and 2019 so that when small and medium sized businesses think of us first when they need a surety bond service in California.

Do you need an Auto Dealer Bond? We can also save you money if you need other types of bonds in California like:
1) Vehicle Registration Service Bonds
2) Defective Title Bonds
3) Immigration Consultant Bonds

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Attention California Used Auto Dealers! You need to read this in its entirety.

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Attention California Used Auto Dealers! You need to read this in its entirety.

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California Buyer's Guide for Purchasing Used Car Dealer Insurance

The Car Buyer's Bill of Rights affects wholesalers, auto brokers, and retail auto dealers across the state of California. Regardless of dealership size or license type, used car dealers often fall into the trap and pay dearly for it in the end.

The California Department of Motor Vehicles (DMV) has a variety of rules and regulations demanded of an individual seeking to obtain or renew a dealer license. A car dealer bond is required in the amount of $10,000 or $50,000 depending on the dealer type and sales volume. You would think that this extends over to auto dealer insurance also, right? WRONG!

No such insurance requirement exists so licensed used car dealers across the state never buy dealer insurance. This puts the public in harm’s way and creates dozens, if not hundreds, of unpaid claims annually. The nature of a used car dealer is to never waste money. Therefore, if the inspector is not asking for it, then there is no need to buy it.

How many Licensed Motor Vehicle Dealers do not have a Dealer Insurance Policy?

At least 45% at any given time and as much as 60% when times get tough. There are hundreds of wholesalers across the state that think that their personal auto policy is going to extend to vehicles that they bought under their business license. These dealers are sorely mistaken! The rude awakening hits them when they read the exclusion section of their personal insurance policy and see the business purpose exclusion. This means that any claims that happen while operating your business autos will not be paid.

Make sure the wholesalers you are buying your inventory from have insurance. The dealers that don’t carry insurance are typically the ones with the worst loss history.

Finding the Right Insurance Producer

Most producers do not specialize in Used Car Dealership Insurance nor have access to companies who write this insurance line. It is imperative you search around to find one who not only is knowledgeable with this product, but that is also prepared to build a policy that is specifically for your dealerships needs.

Experience matters and you get what you pay for when it comes to finding the most knowledgeable insurance producers to insurance your dealership needs. Deductibles, sub-limits, minimum limits, aggregate exposure, total insured value, prior damage. These are just a few of the most common terms that a well-informed insurance producer will understand and be able to explain to you in plain terms. If you are going to spend thousands of dollars on insurance every year, you should be getting your money’s worth!

New in Business (aka New Ventures)

New dealers (i.e. operations in business less than 36 months) generally provide a resume and/or experience questionnaire substantiating their experience in the garage automotive industry. In addition to industry experience, the insurance companies ask how much capital has been invested and other info that it typically contained in a business plan.

New Ventures will typically be surcharged 10 – 20%, depending on the rating plan of your insurance carrier. It makes sense since this segment of the industry creates the most insurance claims.

Leverage your Dealer Insurance

Get creative of how to utilize your insurance policy to set yourself apart from some of your competitors that may be offering similar vehicles for less. After all, a car dealer that doesn’t carry insurance is putting his customers in harms’ way from day one.

Loss Runs

Loss runs are free of charge and they are reports provided by your insurance company that certify the claim activity on each of your policies.

·       To obtain loss history, the request must come directly from the insured and in writing (mailed request, fax, or email.) The date the insurance company receives your request, they have up to 10 business days to fulfill your request.

If you plan to switch your insurance company for your next policy term of insurance, request loss runs for the previous 36 months and approximately 45 days prior to your policy expiration date. Your new insurance company will request loss history when reviewing to provide a quote.

Five (5) quick-tips to consider if you are purchasing dealer insurance:

1)    Inventory Coverage –

-        Includes purchase price and the reconditioning on your autos, but does not include expected profit. Example:

o   you buy a car at the auction for $2,000 and put in $500 to get it ready for sale.

o   then you can only claim at much as $2,500 if this vehicle is a total loss.

o   You would likely have a $1,000 deductible that the insurance company would cut you a check for $1,500 if you had a total covered loss.

* It does not matter how much you were planning on selling that vehicle for since your “expected profit” is not covered.

2)    Why every dealer needs Garagekeepers Coverage?

-        Garagekeepers Coverage is designed to protect you against claims arising out of physical damage to vehicles owned by others that are left in your care, custody, or control. This includes vehicles that are being serviced, repaired, stored, and test-driven.

3)    How Medical Payments Coverage is useful even if I have medical insurance?

-        Medical Payments Coverage covers medical expenses sustained by you and/or your passengers if involved in an accident in a Covered Auto. It can also be used for small claims on your premises such as a trip and fall by a customer.

4)    What is Scheduled Vehicle Coverage & why would I purchase it?

-        Scheduled Vehicle Coverage provides Liability and Physical Damage Coverage to vehicles specifically listed on your policy. This coverage should be considered when you own a personal vehicle in yours or your spouse’s personal name, rather than the business name.

-        In most cases, it makes most sense to dissolve your personal lines auto insurance policy that you carry through Geico or Progressive. Insuring those personal exposures under your car dealer policy can result in having more coverage for less money. The icing on the cake is being able to write off the cost as a legitimate business expense.

5)    What is Contents Coverage & why would I purchase it?

-        Contents Coverage provides replacement cost for your personal property, including leased business personal property you have a contractual responsibility to insure in the event of a fire, burglary, vandalism, and collapse. Consider your computers, tools, furniture, fixtures, machinery and equipment.

Coverages to Consider for Reasons Less Discussed

·       Damage to Rented Premises Coverage (DTRP)

-        Also known as Fire Legal Liability, provides liability coverage for property damage caused by a fire to premises leased or rented to you and arising out of your negligence.

·       Broad Form Drive Other Car Coverage

-        For businesses not individually owned this coverage may be used to extend the garage policy to insure partners or corporate officers when they borrow or rent cars in their name and do not have protection of their own personal auto policy. The individuals named in the endorsement become insureds while using autos they do not own.

·       Broad Form Products

-        Provides coverage for property damage to its product(s) even if the resulting damage was caused by a defect existing in the product at the time it was sold to a customer.

·       False Pretense Coverage

-        Provides coverage in the event the insured is tricked or schemed into voluntarily parting with a covered auto or the insured acquires an auto from a seller who did not have legal title.

What Should I Expect During an Inspection?

Also known as a loss control or a loss prevention inspection. These in-depth inspections are scheduled and conducted generally within 30 days from your policy effective date. Inspectors write up an extensive report about your dealership and report back to the insurance company. The insurance company then compares the report to what’s disclosed on your application and looks for hazards threatening your business.

Inspections can help you save money on your dealership insurance and keep you and your employees safe. The fewer the hazards means you are less of a risk to the insurance company, which means your premiums could be lower. Remember, an inspection of your business for insurance purposes is nothing to be nervous about. If an inspector finds something that you need to fix to maintain your insurance rates, you'll be given plenty of opportunity to do so before any action is taken.

Seven (7) Great Safe Practices to Follow:

1.     Keys to your vehicles should be secured in a safe hidden place during business hours and in a lock box during non-business hours.

2.     Do not allow drivers to operate your vehicle if they are not listed on your policy.

3.      Posting restricted area signs in sections of your buildings/premises where only employees are allowed.

4.     Prior to an accompanied test drive, you take a photo copy of the customer’s driver’s license and personal auto policy. Have the individual sign a test drive agreement that indicates their insurance is primary. You should also limit the drive to 30 minutes and on a predetermined route.

5.     Report all new hires to your insurance company immediately upon hiring.

6.     Have your fire extinguishers serviced on an annual basis by a licensed contractor or by the local fire department.

7.     Do not loan your dealer plates to anyone under any circumstances.

Purchase Price Disclosure for Items Included in the Monthly Payment

The dealer must provide a written document with the price of specified items purchased and their effect on installment payments (California Civil Code §2982).

Items requiring disclosure include a service contract, insurance product, debt cancellation agreement ("gap" insurance), theft deterrent device, surface protection product, and contract cancellation option agreement.

No charges may be added to the contract without full disclosure and your consent.

The document must include the cost of the monthly installment payments with and without items listed.

Prohibited "Certified" Used Vehicles

Used cars advertised as "certified" must meet specific requirements. The dealer must perform a complete inspection of the vehicle and provide consumers with a copy of the inspection report.

Dealers are prohibited from advertising a vehicle as "certified" if the:

Odometer does not indicate the actual mileage of the vehicle.

Vehicle was reacquired by the manufacturer or dealer under state or federal warranty law (i.e. “lemon law”).

Vehicle was damaged by a collision, fire, or flood unless repaired to safe operational condition prior to sale.

Title was branded as a lemon law buyback, manufacturer repurchase, salvage, junk, non-repairable, flood, or similar designation.

Vehicle has frame damage or was sold "as is".

Seller failed to provide the buyer with a complete inspection report of all components inspected.

Important:

Check www.safercar.gov to find out if your vehicle has a safety recall notice that has not been repaired.

Record of Complaint Form

If the dealer fails to comply with their legal obligations, please complete and mail a Record of Complaint Form (INV 172A) to the Department of Motor Vehicles at one of the addresses listed on the form. These are the rotten apples that spoil a bunch and have given this industry a bad name for decades. With that said, be prepared to have to prove your case to a DMV Investigator so you had better have your ducks in a row.

Dealer-to-Dealer Disputes

When possible, attempt to resolve the problem with the other party or firm. If unable to obtain a resolution, completing and mailing the Record of Complaint Form (INV 172A) to the Department of Motor Vehicles will usually trigger an investigation.

Contacting a private attorney, pursuing a judgment through the small claims division of your local county court, or a legal aid group for assistance are always options as well. Refer to the County Government section of your local telephone directory for the county court in your area.

California Used Car Dealer Insurance Buyer’s Guide Disclaimer.

I’ve seen a need to clarify a variety of hundreds of situations and misunderstandings for dealers over the years. California used car dealer have always had tons of insurance questions that I hope to answer here. In addition, while I was attempting to be thorough without diving into too much detail, this Buyer’s Guide was designed to be exactly that…a guide. The California Department of Insurance and the California Department of Motor Vehicles websites should be referenced for information that is more official.

Please give me your thoughts and be brutally honest.

If you can appreciate the work that went goes into developing a document like the California Used Car Dealer Insurance Buyer’s Guide, let me know. Let me know how we can improve this and future content for you.

I can go into as much detail as you folks would like to see. I just need the feedback from my dealer friends out there to kick me in the right direction on what information that would like me to include in future revisions or separate documents.

Not enough info or do you think I can help your business? I am here to serve.

Mike Ramos

mike@yourcardealerbond.com

866-357-4405

Also check out the Your Car Dealer Podcast available on iTunes: https://ycdb.us/YCDB-Podcast

or click here to hear it on Stitcher Radio:  https://ycdb.us/Podcast-Stitcher

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The Newest Resource for California Car Dealers!

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The Newest Resource for California Car Dealers!

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The California Used Car Dealer Buyer's Guide is absolutely breathtaking resource for 2019! If you want an advantage of your dealer competition check it out right now. Here are the topics covered:

What is a Curbstoner? What are the California Curbstoning Laws?

Can a Wholesale Dealer Sell to the Public?

A Profitable Way to Start Flipping Cars in California in 2019.

The California Wholesale-Only Car Dealer Model.

California’s Retail Used Car Dealer Model.

In 2019, is Auto Brokering the Ultimate Car Dealer Sales Model?

Still Debating on a Wholesale, Auto Broker, or Retail Car Dealer License in 2019?

California Car Dealer Education Services.

The Simple California DMV Dealer License Checklist for 2019.

7 Generic Terms for a Car Dealer Bond.

6 Generic Terms for a Car Dealer Bond.

Used Car Dealer Bond Intro.

3 Quick Ways to Understand a Car Dealer Surety Bond and what it does in 2019.

1 Simple Way to know if I need a car dealer surety bond?

The Best Way to apply for a Car Dealer Surety Bond.

Do you know how much a Dealer Surety Bond Costs in 2019?

Top 3 ways to Reduce the cost of my Used Car Dealer Bond.

What are my options if I don’t want to purchase a surety bond in 2019?

Top 5 Reasons that Used Car Dealers should NEVER Post the $50,000 Themselves.

3 Significant Ways  that Bond Claims Affect You.

5 Extremely Useful Tips to consider if you are purchasing a motor vehicle dealer bond.

3 of the Most Common Surety Bond Misconceptions.

The Used Car Dealer Bond Market [2019 edition]

The Surety Bond Format in Simple Terms!

Why does the DMV require a bond?.

Bad Credit, No Credit, or Not a Citizen?

Are all Surety Bonds the same – is the only difference the cost?

Do I need Dealer Insurance to get my California DMV Dealer License?

14 Critical Used Car Dealer Services provided by YCDB!

Why Trust Your Car Dealer Bond LLC (YCDB) to help you?

How is YCDB Different than EVERY Other Surety Bond Service in California?

Best Resources for a Used Car Dealer.

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Trump’s Tariff Effects on Used Car Dealers?

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Trump’s Tariff Effects on Used Car Dealers?

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This is actually a video where we are asking for help from our auto dealer community! We are trying to better understand the impact of President Trump's Tariffs on the used car dealer industry.

Please comment below or take this survey:

https://www.cal-surety.com/feedback-survey-trump-tariffs-on-used-car-dealers/

I think new cars are going to become more expensive due to the passing of the 15% Steel and Aluminum Tariffs. I also believe that the car manufacturers will pass those costs down to the consumer from everything that I've heard or read. And this is why I'm asking for the comments down below. Because there may be something that we're all missing, but it seems like the tariffs will make the new car, they're going to make those new cars so much more expensive which will push those buyers away. Keep in mind that these tariffs will be working in concert with the rising interest rates, which I also understand are still on the horizon. That's going to push away and push out some of those buyers that currently are buying new.

My thought is that in future years it's going to be less attractive to buy new because the financing incentives aren't there and the price of these vehicles are going to be that much more expensive because of the tariffs. So, again, I'd love to hear your feedback on this question. Maybe there's something that I'm missing. And again, not good, bad, or indifferent, just trying to get my arms around this. And there's a bunch of you guys out there and you know who are you geniuses, that understand this stuff way better than I do. This is Mike Ramos from Your Car Dealer Bond & I'm really humbly asking for some feedback. Please put them in the comments below and please try to keep it civil. I'm just asking the question, I’m not taking sides or advocating anything in either direction.

I will give a shout out next week in all of my videos and the Your Car Dealer Podcast. Here the link the only podcast that is dedicated to the success of the used car dealer industry:

https://www.cal-surety.com/car-dealer-podcast/

Whatever dealership you own or you're connected to, no matter where you're at in the country. I'd really love to hear your comments and I will share everything that I good, even some of the bad, and either way. I really want to definitely highlight the folks that are out there and some of you guys that are out there give me some great insights to this because I'm really curious. If there's some piece of this that I'm missing.

If we can help you in any way, our phone number is 866-357-4405. No matter where you're at the in the country, we can help you save money on your surety bond. In California, we've got the best, I mean just fantastic rates, great payment plans, you name it. Two-year bonds that save you 25% to 35% for reals. My website is www.cal-surety.com and our email is info@YourCarDealerBond.com

By the way, we have some great content in the video vault if you haven’t had the chance to check it out just yet. Perhaps your sales team needs to step up their game? The YCDB Video Vault has put together short, FREE videos to help you increase your ROI. Our videos are designed to help you sell more cars and reduce your overhead.

I've got a bunch of videos that are going to, The Rule of 300, The 80 20 Rule, I mean I'm helping you train your sales guys. It's one of the most costly expenses you're going to have is training your sales guys. Send them to the YCDB Video Vault and they're going to be selling machines helping you maximize your ROI. We go through a SWOT analysis video that really is a must!!! Check out the links below for sure and if you appreciate the content, the subscribe to our channel, like the video if you liked it, and share it with a friend!

Best Used Car Dealer Videos of 2018:

1) Used Car Dealers and Salespeople (make MORE money now with the Rule of 300)!

https://youtu.be/OOghpGa7F_g

2) Awesome Tip for Car Dealers and Salespeople in 2018 (80-20 Rule for Growth)

https://youtu.be/iQMsVfiCbHI

3) Attn Used Car Dealers! Sell more now (SWOT Analysis video)

https://youtu.be/YNgJCH7HvNw

4) How did Your Car Dealer Bond (YCDB) get Started?

https://youtu.be/qtH_oS2k_oo

Would you consider connecting with YCDB on Social Media:

Check out Your Car Dealer Bond on Twitter:

https://twitter.com/yrcardealerbond

Follow Your Car Dealer Bond on Facebook:

https://www.facebook.com/pages/Your-Car-Dealer-Bond/395072210503844

Here's the Your Car Dealer Bond Google Plus Account:

https://plus.google.com/100860647809700607547/posts

Check out Your Car Dealer Bond on Yelp:

http://www.yelp.com/biz/your-car-dealer-bond-fremont

Here's how to find Your Car Dealer Bond on YouTube:

https://ycdb.us/YouTube

Connect with Your Car Dealer Bond on Instagram:

https://ycdb.us/Instagram

Check out Your Car Dealer Bond on Pinterest:

https://www.pinterest.com/yourcardealerbondllc/

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Trump’s Tariff Effects on Used Car Dealers?

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Attention Used Car Dealers! Sell more now (Increase your ROI)

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Attention Used Car Dealers! Sell more now (Increase your ROI)

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Every Used Car Dealer in America wants to do 2 things, sell more cars (or trucks) and increase their return on investment (ROI). The hard part is figuring out how to get to the next level once you get stuck in the rut. Watch this video and we show you how, step-by-step.

California Used Auto Dealers have so many moving parts as a business and competing with the new car stores or peer-to-peer outlets like TrueCar. That's not even to mention that nice dealership around the corner that is trying to steal all your clients into their sales funnel.

The SWOT analysis requires you to put pen to paper and list out things that are very simple but profound when the data is looked at together.

Watch the video to see the exact steps but the "S" in SWOT stands for Strengths. This is an area where you want to list your best tools for competing for market share against the best car dealers in your area. Do you have the gift of gab, are you great with social media, do you really know how to make stunning graphics, or do you have the best location in town? What makes you unique and relevant?

The next step can be painful for some of my used car dealer friends but the juice is worth the squeeze here. Now to list your weaknesses and be honest. If you don't identify the areas that you could improve in, then the chance of turning those weaknesses into strengths drops dramatically. Perhaps you are not good with a computer, or don't understand social media at all, or don't have enough of a marketing budget to advertise the business the way you believe you should be. List all of those weaknesses, don't judge yourself in the process, and let's create a teachable moment here to build on for your future!

The next step is exciting to most auto dealers and takes a lot of the detail you have listed as strengths and weaknesses. This step is to create a list of your opportunities for your dealer business. You can prioritize later into a logical phase-in plan but the idea here is to set aside time to focus on your opportunities.

Now to list the (T)threats to your auto dealership or wholesale operation. Again, every list will be different but some threats could be that your credit rating has decreased and your bond is coming up for expiration within the next few months. It's possible that your rate will jump from $750 per year to $5,000 which could be a huge threat to your business. Let YCDB shop around and we will get you our best rate for your $10,000 bond of $50,000 used auto dealer bond.

Other threats could be that your lease is running out and you need to move soon. Perhaps you see that foot traffic has dried up over the years and don't know other ways to promote your business.

Now you have a list of all your strengths, weaknesses, opportunities, and threats to your used car dealership. Look at the scariest area first which are the threats. Allocate a certain amount of time every week to creating processes to protect your dealership from those threats.

Then focus on your weaknesses and pick some low-hanging fruit. What are those weaknesses that you could convert into strengths in the least amount of time? Set a timeline for yourself and let's get cranking to turn what you are not good at into things that can make you more money!

Most of your strengths will create your opportunities but let's look at both lists and figure out how you can start increasing the number of vehicles you are selling every month. Set reasonable targets and start slow.

Now take another look at your strengths list and let's see how any of those can help your weaknesses. Most times, your strengths can be leveraged to help you use your weaknesses if you are creative enough. For instance, I have a little weakness keeping my attention on something for long periods of time. After trying to change it for years and getting nowhere, I started to focus on allowing that tendency to help me.

Now I set myself with 2 - 3 projects that I can bounce back and forth between so when I get sick of looking at one for too long, I pivot to something else that will renew my interest. This keeps me engaged and able to sprint through my next task with fresh legs.

If you like the video please comment and give it a thumbs up. If you like the content and want to hear other great tips and tricks to improving your dealer ROI, check out the YCDB Quicktips Series on our website at www.Cal-Surety.com.

Also, check out the Your Car Dealer Podcast that is available on Stitcher Radio and the iTunes Store. Here's a quick link to the only podcast that is dedicated to the success of the used car dealer industry:  https://www.cal-surety.com/car-dealer...

Remember YCDB cam save you as much as 35% on your California Motor Vehicle Dealer Bond in 2018! Mention seeing this video for special savings!

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Attn Used Car Dealers! Sell more now (Increase your ROI)

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AKA Motor Dealer Bonds or Car Dealer Bonds

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AKA Motor Dealer Bonds or Car Dealer Bonds

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It's an insurance product, but it's not insurance. Dealer insurance, or typically any type of insurance, has a deductible, which means that you're going to pay the first dollar up to a certain amount. Let's say $1,000 deductible. On a car dealer policy, that's probably average. This means that if you cause a car accident or if your car gets stolen perhaps, you're going to pay the first $1,000 of that claim.

So if you've got a $5,000 claim on your hands, then you would get a $4,000 check because you're paying the first $1,000 of it. That's sort of the way that works. They charge you a certain amount of it ... you can usually make a down payment, and then make monthly payments after that. That's used auto dealer insurance.

That's not a bond. A bond is very different. A surety bond is basically a guarantee from a third party. The guarantee is coming from the surety company on behalf of the auto dealer.

Potential bond claims:

1) the dealer stops making his payments to the auction,

2) dealer to dealer disputes because one of them didn't pay up;

3) maybe the dealer offered an extended warranty but didn't pony up the service.

4) maybe they sold a car on suspect pretenses or whatever have you.

5) DMV fees.

Those bond claims all could and do happen. Then once the bond company pays out, they give you a certain amount of time to pay it back.  They may charge you a little bit of an admin fee for having to push around the paper.

And then they're going to turn around and they're going to hit your, bond with a claim and then cancel your bond. If that bond gets canceled, they tell the DMV. The DMV shuts down your license. You gotta start everything all over. Go back to the pre-licensing education. You're going to have to go through the entire rigamarole again of getting licensed. Take the DMV test, all of that stuff because your bond got canceled because it was a bond claim.

And they want every penny back. There's no you pay the first X amount, and then they pick up the tab on the rest. You pay every penny of all surety bond claims. This bond is saying that you are going to fulfill your obligations and if you don't, this bond is going to step up and protect the public, protect the DMV, which is the state, which is going to protect other dealers from that dealer that's going out and causing these claims. It's going to protect the auction. But then the surety company is coming for you after.

That's what a surety bond is for an auto dealer, used car dealer, motor vehicle dealer, whatever you want to call it. That's what it is. In different states, the DMV requires a different bond limit.

In California, if you're a wholesale dealer that's selling 24 cars or less per year then you can obtain a $10,000 auto dealer bond.

If you're selling 25 cars or more, that's a $50,000 bond. If you're still doing wholesale only. And guess what. If you're retailer, $50,000 bond. If you're an auto broker, $50,000 bond. Wholesale dealers selling 25 cars or more per year, $50,000 bond.

Here's the carve out. If you're a retail motorcycle only dealer then you  also qualify for a $10,000 bond. Every other segment of licensees will have to have the $50,000 bond.

Please subscribe down below if you got anything out of this video.

We would love the chance to earn your auto dealer bond business, especially if you are in California. Don't go float your business out to these guys in Ohio, or out in the middle of nowhere. Oregon, Washington, Pennsylvania, Florida. YCDB is a family owned company that wants to work hard to earn your business.

We're going to give you an awesome rate on your dealer bond but more importantly we are going to give you fantastic service. And things like these videos are going to come for free. Let us earn your business on this. We'd love to help you in any way we can. This is Mike at Your Car Dealer Bond saying thanks again!

Perhaps we can help you place your used car dealer insurance? Hit this link: https://www.cal-surety.com/dealer-insurance/

YCDB can also help you develop your dealer brand in 2018! We are super excited about building a stunning logo for you or professional business cards. We are here to serve and wow you with you graphic design and website development. Give us a shout today and let us know what you need: https://www.cal-surety.com/contact-us/

Lastly, we offer a service that can help you migrate away from your current Free Email Providers like Gmail, Yahoo, or Outlook to an email that has been branded to your business like Mike@BestAutoSales.com for instance.

We are here to earn your business in a variety of ways!

https://www.cal-surety.com/auto-dealer-bonds

866-357-4405

Would you consider connecting with YCDB on Social Media:

Check out Your Car Dealer Bond on Twitter:

https://twitter.com/yrcardealerbond

Follow Your Car Dealer Bond on Facebook:

https://www.facebook.com/pages/Your-Car-Dealer-Bond/395072210503844

Here's the Your Car Dealer Bond Google Plus Account:

https://plus.google.com/100860647809700607547/posts

Check out Your Car Dealer Bond on Yelp:

http://www.yelp.com/biz/your-car-dealer-bond-fremont

Here's how to find Your Car Dealer Bond on YouTube:

https://www.youtube.com/channel/UCxJrz9HmbB7xVMRbeX7kNSw/videos

https://ycdb.us/YouTube

Connect with Your Car Dealer Bond on Instagram:

https://ycdb.us/Instagram

Check out Your Car Dealer Bond on Pinterest:

https://www.pinterest.com/yourcardealerbondllc/

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Some people say that the key to a strong society is one that puts a focus on family and education.  YCDB is bringing another level of training to help increase your dealership's ROI.

The YCDB Quicktips Series is increasing sales and decreasing overhead across California. Our tips and tricks are second to none and it's brought to you for the low price of FREE by your friends at Your Car Dealer Bond.

2018 YCDB Quicktip #101...you need a dealer logo if you are trying to be a retail car dealer. How would a business owner expect to sell a $5,000 car if they haven't spent $125 for a professional and stunning dealer logo? It's 2018 and cheap thinking is a thing of the past! https://www.cal-surety.com/contact-us/

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Cal-Surety and Insurance Services | California | Dealer Bonds

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For the more seasoned dealers that may have some questions, this section is for you!

Your auto dealer bond is in place and now you are at the point where you are going to buy insurance.

It doesn't matter what the reason is, the most important thing is that you finally decided to protect your business. Some dealers wait until the auction or their lender mandates insurance from them to make the move. Others won't make the move until their wife or business partner complains about it one too many times. Several other dealers won't be able to sleep at night and won't be able to stand it. And others need something bad to happen like get a vehicle impounded for not having a dealer insurance policy and then it really costs them. And even that scenario is much cheaper than having an uninsured auto claim. For dealers that are a little more short-sided, this is what needs to happen in order for them to buy their used auto dealer insurance.

You've done so much work to get to this point in your business development, don't try to cut corners just to try to exploit a loophole. Since the California DMV doesn't require dealer insurance to get your license or renew it for that matter, some dealers will think that is an immediate reason to never purchase insurance. Don't fall for the trick! Sleep better, think like a professional, and find different ways to leverage your dealer insurance to make you more money instead of looking at this as just a business expense. Get a quote on your Auto Dealer Insurance today! It's probably a lot less expensive than you think.

Besides auto dealer bonds, we can also help you establish your brand in a variety of ways.

YCDB Quicktips #101 is to create a logo. When I say create a logo I mean, have one professionally developed for you if you are not a designer. Don't be cheap or short-sided with this step. Think about it this way, how do you want your prospective buyers to think about you and your dealership? Let's play a little game. What word pops into your mind when you read the word K-Mart. If I'm not mistaken, it's either cheap or some variation of that word. Let's try a different word now. How about Cadillac? Unless you've been living on another planet for the last thousand years, you probably have an image in your mind of something luxurious or something very close. You probably understand the importance of developing a beautiful logo and why it's #1 on our list of YCDB Quicktips to help used car dealers take their sales to the next level.

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Auto Dealer Bonds! - Cal-Surety and Insurance Services | California | Dealer Bonds

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For the more seasoned dealers that may have some questions, this section is for you! It doesn't matter what the reason is, the most important thing is that you finally decided to protect your business. Some dealers wait until the auction or their lender mandates insurance from them to make the move.

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Your Car Dealer Bond has been tearing it up in 2018!

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Your Car Dealer Bond has been tearing it up in 2018!

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Quite simply we are offering the best rates on auto dealer bonds in 10 years.

Our friendly service and super low rates are really helping used car dealers lower their overhead.

The YCDB Quicktips Series is also helping Auto Dealers sell more cars by following a proven strategy. Call us at 866-357-4405 or visit us at www.Cal-Surety.com if you want to sell more cars in 2018!

The Your Car Dealer Bond (YCDB) simple process has been enhanced for our California Car Dealer friends out there! Not only are the rates as low as they have been in 10 years, but the value to used car dealers in 2018 is unrivaled.

Here's the tip of the month if you are looking to get a Used Car Dealer Bond in California. Are you ready for it? Check your Experian Credit Score. Most bond carriers are not using Transunion, Equifax, or Nexus Lexis. They are using Experian and if you don't know your score, you may be in for a rude awakening when you go to purchase your dealer bond for the 1st time or when you renew your upcoming dealer bond at expiration. Check your Experian Credit Score today...just another great tip from Your Car Dealer Bond.

http://www.experian.com/

For starters, YCDB can help new-comers into dealer industry from start to finish. If you are getting your California DMV Dealer License in 2018, no bond company can help you get to the finish line quicker. Here's the DMV New Dealer Checklist in case that comes in handy:

https://www.cal-surety.com/dmv-used-auto-dealer-checklist/

The YCDB Quicktips Series will give you and your sale personnel tons of great tips, tricks, and hacks to get your business to the next level, regardless if you are new into the business or you have been a retail motor vehicle dealer for the past 20 years. https://www.cal-surety.com/blog/used-car-dealers/

Choosing a car dealer insurance company to protect your inventory and garage liability is a tough decision. Mainly due to all the agencies you can choose from but again experience matters. YCDB has over 20 years of experience working for an insurance company and I can share my insights with you. When going through your options, it is important to not just look at the financial savings, but the person helping you secure that dealer insurance protection. If you ever were to submit a claim to your insurance company, you want it to be processed without any hassle.

https://www.cal-surety.com/dealer-insurance/

Here's another value-add from your friends at YCDB and that is that we are tired of seeing great used car dealers not make it and have to close up shop. The biggest culprit of closing down an auto dealers doors is that they lose focus on the what got them to the dance or they get stuck to the idea that they don't need to evolve their business. Whether creating a stunning logo, super-elegant business cards, or the most professional dealer website, YCDB is here to help. Our developers are on standby and our designers are second to none. Give us a chance to earn your business in more than way and ask about our BUNDLE DISCOUNTS!
https://youtu.be/-Cg2FcZmpDs

Used Car Dealer-Branded email is a must in 2018. https://www.cal-surety.com/dealer-branded-email/ If you are struggling to sell more cars but you are sending out emails from an AOL, Yahoo, Gmail, or Hotmail account you are behind. Your competition has an advantage over you but we can help you remove that disadvantage TODAY. https://www.cal-surety.com/dealer-branded-email/

Here's one that I'm supremely excited about. No other surety bond agency in this country has designed a mobile application strictly to help their customers get and stay organized. The YCDB Mobile App is 1st in class and just another way that we are leaving our competition in the dust in 2018!

Lastly, don't forget to check out the Your Car Dealer Podcast going live in July 2018. This exciting podcast is the very 1st of its kind that is designed solely for the success of Used Car Dealers. The Your Car Dealer Podcast is going to explore how to increase ROI but cutting expenses, lowering your dealer exposures, and increasing your sales (by a lot)!

Remember that above all else, YCDB is probably best known for having the best rates on California Motor Vehicle Dealer Bonds!

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Your Car Dealer Bond Offers Unbeatable Prices in 2018!

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California Auto Dealer License Requirements in 2018...

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California Auto Dealer License Requirements in 2018...

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1. DMV Licensing Paperwork. Here’s a great DMV link that explains how to complete the DMV Dealer Application paperwork.

2. Pre-Licensing Education. Spend your money here and don’t try to hurry out of class because you haven’t set aside the right amount of time to get educated on your business.

3. Pass the DMV test. You will be taking this test at an Occupational Licensing DMV location, which are only in select cities. Here's a List of DMV Inspectors

4. Background Check (Livescans)

5. City Business License. You won’t need this if your business location is in an unincorporated area of your city.

6. Fictitious Name Statement which is issued by the County Clerk’s desk. You won’t need this if you are forming a Corporation of LLC.

7. Car Dealer Bond ($10K or $50K). Wholesale-only dealers that sell less than 25 vehicles per year can get a $10K bond. There is also a carve-out in the law that allows a $10K bond for motorcycle-only retail dealers. All other wholesale, auto broker, or retail dealers need a $50K bond.

8. Signing a lease on Business Location.

9. Resale Permit from the Board of Equalization (BOE).

10. Checkbook in the Business Name.

11. Signage. Your outdoor signs have to visible from 50 feet away. Your Business License and are a few other items need to be hanging on your wall where your customers can see them.

12. Photos. 8 – 12 photos are required depending on if you are getting your wholesale, auto broker, or retail dealer license.

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Cal-Surety and Insurance Services | California | Dealer Bonds

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It always seems like there are a few different names that probably leap to mind when you think of the type of business we are focusing on here. Motor Vehicle Dealer, Retail Auto Dealer, Used Car Dealer, Non-Franchised Auto Dealer are just a few that that leap to mind. Regardless what we call them, each state has their own licensing process. In this post, you will find comprehensive and super helpful resource if you have made the decision to pursue your California Car Dealer License. The segment of the government that licenses car dealers is the Department of Motor Vehicles (DMV).

What are the steps to obtaining a California Car Dealer License in 2018?

1. DMV Licensing Paperwork. Here's a great DMV link that explains how to complete the DMV Dealer Application paperwork.

2. Pre-Licensing Education. Spend your money here and don't try to hurry out of class because you haven't set aside the right amount of time to get educated on your business.

3. Pass the DMV test. You will be taking this test at an Occupational Licensing DMV location

4. Background Check (Livescans)

5. City Business License. You won't need this if your business location is in an unincorporated area of your city.

6. Fictitious Name Statement which is issued by the County Clerk's desk. You won't need this if you are forming a Corporation of LLC.

7. Car Dealer Bond ($10K or $50K). Wholesale-only dealers that sell less than 25 vehicles per year can get a $10K bond. There is also a carve-out in the law that allows a $10K bond for motorcycle-only retail dealers. All other wholesale, auto broker, or retail dealers need a $50K bond.

8. Signing a lease on Business Location.

9. Resale Permit from the Board of Equalization (BOE).

10. Checkbook in the Business Name.

11. Signage. Your outdoor signs have to visible from 50 feet away. Your Business License and are a few other items need to be hanging on your wall where your customers can see them.

12. Photos. 8 - 12 photos are required depending on if you are getting your wholesale, auto broker, or retail dealer license.

* It is absolutely critical that the business name on each document match identically.

Let's take a deeper look at Surety Bonds (step 7) of the California Car Dealer License process.

The reason I specifically mention this step is for the individuals that are super excited to hit their first Manheim Auto Auction sometimes lose sight of the steps that could be most problematic for them. To avoid having a dime hold up a dollar, let's think about the bond sooner rather than later if you have less than perfect credit. Having no credit at all also falls into a category that should take a deeper look at what their bond will cost them. The other type of dealer that should be checking on their bond rate early in the process are the folks that are not U.S. Citizens. Although we have fantastic programs to provide great rates on car dealer bonds for non-citizens, sometimes the rates take a bit longer to get especially if the applicant doesn't have a Permanent Resident Card (Green Card).

For swift service and great rates on Your California Car Dealer Bond, call 866-357-4405 TODAY! We can even offer payment options on some bonds if the annual premium is over $2,000.

Why are Bonds required to get a California Car Dealer License?

First of all, a bond covers the general public, lenders, the DMV, and other dealers in case an auto dealer isn't paying their bills. A list of bond claim scenarios is below.

The limits of the bond that the DMV requires will also depend on what state you transact business but leave that all to us. Here are just a few states and their required bond limit set by the Department of Motor Vehicles (DMV):

California ($50,000 bond limit.)

Arizona ($100,000 bond limit.)

North Carolina ($50,000 bond limit.)

Texas ($50,000 bond limit.)

What protection does a Dealer Insurance Policy provide to a California Car Dealer?

Here are the more common claims or losses covered by a Used Car Dealer Insurance Policy:

Stolen or vandalized inventory.

Auto accidents in an inventory vehicle are probably the most common claim. Then the question is who was the driver? Either Minimum Financial Responsibility Limits (15/30/5) would apply or the liability limits on the policy would apply. This would depend on if the driver in the accident is listed on your dealer insurance policy.

An uninsured motorist injuring you, one of your salespeople, or a test driver while on a test drive. Although prop. 103 requires all California drivers to maintain insurance, about 30% of all drivers or more are not insured at any 1 day of any given year. Although this may just be an opinion, it's one that is well-formulated and based solely on 18 years of data analytics research.

Below are claims or losses that happen less often but they are covered by a Used Car Dealer Insurance Policy:

Vandalized or stolen office equipment is less common but still happens.

A dealer's potential customer slipping and falling at the business is a nightmare for all involved.

A fire ruining your inventory vehicles or the building you have purchased or are leasing is rare but costly.

This is one that is rarely discussed because many insurance agents and even fewer car dealers understand the exposure. The claim occurs when a vehicle is stolen or damaged in any way while in the dealer's care, custody, or control (Garage Keepers Coverage or GKLL). This sounds like an inventory coverage claim which is already mentioned above but it's very different? I'm glad you asked why? It's because inventory coverage will only pay for damages done to a vehicle that you own. Garage Keepers coverage is designed to cover vehicles that you such as ones that you are test driving before you purchase them!

What is the difference between a Dealer Insurance Policy and a Car Dealer Bond?

With a Car Dealer Bond, there is a set limit that has been pre-determined by the DMV. 3 - 4 times per year a savvy dealer will ask me if they can get a bond with slightly more bond coverage. Although it breaks my heart to say it, the bond limit is set by the DMV and cannot be modified in one direction or the other. Again, a surety bond is required in order to get your California Car Dealer License.

An especially relevant difference between a dealer bond and dealer insurance is the deductible that is usually paid by the dealer before the insurance company will start paying their part of the claim. A dealer's insurance premium might increase at the time of renewal if any claims were paid on their behalf. In California as of April 2018, insurance is not required nor policed by the DMV inspectors. Auctions, lenders, or property owners will mandate insurance to protect their interests. A bond is different in that the bond carrier will pay out the entire claim and then subrogate for 100% of any amount they paid on the dealer's behalf. Simply put, if they pay a $100 claim, they will send the dealer a bill for $100 + claims administration fees.

Can a Used Car Dealer (Auto Broker, Wholesaler, or Retail Dealer) get away without having a Dealer Bond?

Again, a Car Dealer Bond is a mandatory requirement set by the DMV to obtain or keep their retail dealer, wholesale, or auto broker license regardless of transaction volume or type of vehicles sold. With a bond, all claim payout must be repaid to the surety carrier 100% to prevent the bond and the dealer license from canceling. If the bond cancels at any time, the surety company sends a Notice of Cancellation (NOC) to the Department of Motor Vehicle's (DMV) headquarters in Sacramento via certified mail.

Once the DMV headquarters processes the NOC, they alert the dealer's local inspector. (This is the usually the same exact DMV inspector that issued the dealer's license originally.) This forces that inspector to reach out to the dealer and either get a Notice of Reinstatement (NOR) for that bond or a replacement bond. The dealer typically has 3-4 days to get this situated with the inspector before the California Car Dealer License is suspended.

YCDB Quicktip Series

What Would Trigger a Bond Claim??

(The 4 Potential Claimants)

1. The lender or flooring company for the dealer's inventory. If the dealer doesn't pay his obligations to the lender, they will file a claim against the surety company and that will trigger an investigation and if justified, the claim will be paid. As a result, the surety company will subrogate against the dealer.

2. The DMV also can make claims against a bond for unpaid fees or fines, etc.

3. A dealer can make a claim against a dealer if they can prove (typically through a Small Claims Court judgment) that they suffered a loss at the hands of the dealer.

4. The public! Again, Small Claims Court generally handles these types of claims.

**Any paid claims will result in the dealer bond being canceled, which would cancel your California Car Dealer License**

Other surety bonds you may need if you are getting a California Car Dealer License in 2018:

DMV Driving School Bonds are required by persons or businesses that offer or provide instruction on traffic safety.

Vehicle Registration Service Bonds is often required by individuals and/or companies who perform vehicle/vessel registration services on behalf of the DMV.

Vehicle VerifierMotor Vehicle Engine/Verifier bonds are often required by persons and/or company's who verify vehicle/vessel documentation against the physical inspection of the vehicle. This type of bond is also known as a Vin Verifier Bond.

Defective Title Bonds which are required by the DMV if a vehicle title is lost or stolen. The buyer will not be able to get the title issued in their name if they don't have this bond in place and the title has been misplaced.

YCDB offers a few other services that may really help save a Used Car Dealer Time and Money!

Of course, you need to focus on getting your California Car Dealer License but here's what next for you

1. Logo creation. Every dealer needs a logo and one that was professionally created! Don't get cheap on this part because this logo is a mirror of your business.

2. Business card development. Don't think you can hand out cheap business cards and expect people to want to buy your $6,000 car!

3. Website design and construction. Another must for any retail car dealer in California. A super high-quality website can now be developed for $500 or less so what are you waiting for?

4. Used Car Dealer insurance. If you are one of those dealers running around out there without insurance then this one is for you! Not being insured is an easy problem to fix.

5. DMS Solutions. Wholesalers and auto brokers don't have the needs that retail car dealers have so you are off the hook. If you are a retail dealer that sells more than 5 cars per month, a quality DMS will change the way you run your business. Do you feel unorganized? If you don't have a DMS, that is why!

6. Dealer-branded email service. You need to migrate away from your current Free Email Providers like Gmail, Yahoo, or Outlook to an email that has been branded to your business like [email protected] for instance.

Shame on you if you are a getting your Calfornia Car Dealer License in 2018 and you think you are going to get away with any of these lazy methods of doing business:

not having a professional looking logo created as a cornerstone of your brand. This is step # 1 for every California Car Dealer regardless if retail, wholesale, or auto broker.

how about not having professional business cards and stationery? Free layouts are free for a reason and they make your business look as cheap as they are. Do your business a favor and give it a chance to succeed in protecting your image.

sending your email through personal Gmail or AOL email account instead of investing into an email that has been branded to your dealer name.

the last one is not as bad but not having a fully-developed website to fully illustrate your auto dealer business.

not having used car dealer insurance. is a ticket to pushing business to your nearest competitor.

Your Car Dealer Bond / Cal-Surety is here to make things easy for you.

Note to the lawmakers or high-level DMV staff out there that read this and do nothing...

It's a shame that there are laws in place to require the citizens of California to maintain insurance and we cannot renew our vehicle registrations without proof of insurance. Proposition 103 (aka Prop 103) was passed in the late 80's to mandate insurance of all vehicles traveling on public roads and the implemented across the board for regular people.

Section 11700 of the California Vehicle Code also speaks to several distinct laws that apply to the car dealer industry. That said, nothing in that section of the Code specifically spells out that insurance is required to get a California Car Dealer License. This seems like a no-brainer!

California Used Car Dealers have been abusing this loophole for years and my hope is that by further exposing that this flaw exists, the DMV will start to police it. This could really save the used car dealer industry because the peer-to-peer sales and new car dealers are really taking it to the California market as it stands now.

The DMV needs to require insurance in order to obtain or retain their California Car Dealer License.

Our California used car dealer industry is in trouble without your help. Shame on the Independent Auto Dealer Association of California (IADAC) also. I told them years ago that this loophole exists and they've done nothing.

In conclusion, Mike Ramos (the president of Your Car Dealer Bond LLC) has a message for you. If you are getting a California Car Dealer license...we truly appreciate the chance to earn your bond business!

While our dedicated staff delivers quality service with extremely knowledgeable yet down-to-earth people, therefore we are just like you.

We are here to help in any way we can.

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Must Read if YOU are Getting a California Car Dealer License (2018 Special Edition)... - Cal-Surety and Insurance Services | California | Dealer Bonds

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It always seems like there are a few different names that probably leap to mind when you think of the type of business we are focusing on here. Motor Vehicle Dealer, Retail Auto Dealer, Used Car Dealer, Non-Franchised Auto Dealer are just a few that that leap to mind.

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Car Dealer Bond Insurance California:- Secure the present and future of your car dealer business with car dealer bond and insurance from Cal-Surety and Insurance Services in California. We are available 7 days a week to assist you at 866-357-4405. When you work with us, your business has access to a broad range surety bond writers.

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Car Dealer Bond Insurance California:- Secure the present and future of your car dealer business with car dealer bond and insurance from Cal-Surety and Insurance Services in California. We are available 7 days a week to assist you at 866-357-4405. When you work with us, your business has access to a broad range surety bond writers.

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Ask about the YCDB Marketing Firm that we are unleashing on the California Motor Vehicle Dealer Industry! www.Cal-Surety.com

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Cal-Surety and Insurance Services | California | Dealer Bonds

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There are plenty of moving parts for a Used Car Dealer regardless of how many years they have been in business (or if they are still getting licensed). Your Car Dealer Bond (aka Cal-Surety) offers a variety of additional services to assist in every step of the way.
If you live and die by either of these 3 statements, then chances are you are a Car Dealer and need to keep reading. Ready...

So how are you going to save money...glad you asked!...

GMAIL, YAHOO, HOTMAIL, AOL, etc offer great email services to the general public for free. This has really revolutionized the way people communicate all over the world! That said, businesses need to connect with their audience in a different way.

Friends or family wouldn't mind seeing an email come from your GMAIL or AOL email address as you can imagine. But it's very different if that same email is sending specifics on a $4,500 car you are trying to sell a potential customer. Now imagine that the dealership down the street has basically the same car but their email comes from an email that is branded to the car dealer's business like [email protected] (for instance). Which do you think looks more professional? Be honest!

Our experience is very clear about the benefits of great branding and packaging. This is no secret so why a California Car Dealer would jeopardize even 1 sale a year is beyond us. The cost is minimal and the upside could be significant. Don't sell yourself short!

This service is a real must-have for every car dealer in America and that's the truth! Click here to get in the game TODAY.

Your Car Dealer Bond (Cal-Surety) can also help set up a really slick Car Dealer Management System set up that will let you get going for under $50 a month and set up in under 2 hours. A full-blown website that has been designed specifically to convert more traffic into quality leads can be yours for a few bucks more.

As a major value-add, the software will also allow you to seamlessly sell Extended Service Contracts and GAP products to create additional revenue streams for your car dealer business. This lends itself well to being able to support the law of 300%. Every strong Finance and Insurance (or F&I) guy knows about this one...

1. sell 100% of your products

2. to 100% of your prospects

3. 100% of the time

If I don't want to sell Extended Service Contracts and GAP products, how else would a Dealer Management System help my dealership?

This is an area that usually separates the car dealers that make it and the ones that don't. Here are just a few of the benefits of having Dealer Management Software :

Customer scheduling, advertising,

DMV fee compliance,

ease of printing forms,

business reporting capabilities (quick sample below),

profit and other sales tracking system,

car dealer bond follow-up mechanism, etc.

The list really goes on but suffice it to say that this is one of the best spends available to you because it will provide you with more time to sell vehicles. Don't waste another minute on spreadsheets, click here for more info on getting your Dealer Management Software up and running now!

Here's a little-known fact, insurance is not mandatory in every state. If you are in a state where the DMV mandates insurance, you likely know it. Insurance is not required in order to obtain a retail dealer license in states like California! Same goes for a wholesale dealer license with or without an auto broker endorsement. A surety bond or car dealer bond is required to get or keep your license but that's a different topic.
As a Car Dealer that's always looking to save a buck, why would you need insurance if the DMV doesn't mandate it? Again, glad you asked - here are just a few reasons...

You need to sleep at night for starters!

Insurance can be tailored to suit your risk tolerance and price sensitivity.

Insurance allows for a simple monthly payment schedule, unlike the bond that is typically due in full.

All flooring companies used to purchase inventory will mandate insurance to protect their investment.

You'd be surprised how inexpensive it can be to buy insurance your car dealer business. Click here to get more info on the cost of insurance NOW!

When you get to the point where you need some of the above-mentioned products or services, I trust that you will keep Your Car Dealer Bond (Cal-Surety) in mind.

Well, then you're in luck! Perhaps you're still going through the wonderful process of getting your , we can help you also. Your Car Dealer Bond (Cal-Surety) writes about 1,300 dealers just like you a surety bond per year.

What does that mean to you?

Which that level of experience, Cal-Surety can really offer you great savings! That said, our value goes beyond finding you discounts that others miss. We offer business consulting for our car dealers for starters. With over 20,000 hours of this specific expertise, we can definitely help you get your business to the next level.

It's all so complicated for me since I'm just getting my DMV Dealer License?

No worries, YCDB has you covered regardless if you are a Wholesale Auto Dealer, Retail Dealership, or Auto Broker. We take pride in helping dealers navigate through this muddy terrain. Leverage our experience for your benefit.

$10,000 or $50,000 bond: don't think about it another minute. Give us a call and we can walk you through everything to simplify your life. You need to start selling cars and making money ASAP!

BK in your history or you are not a citizen? This is not an issue at all for Cal-Surety. Leave that to us and you can get back to making money.

Do you have bad credit...we have surety carriers that can help you also. We also have payment options that can likely help you only pay a fraction of the annual premium and then have 4 payment set up to follow. This is a real game-changer to dozens of our California dealers every year!

Have you had a bankruptcy, short-sale, or foreclosure in your past?

Have other bond agents quoted you a really high price or told you that they could get you a car dealer bond?

This is not a problem at all, Your Car Dealer Bond is here to help and it's the only reason for our existence.

The 2018 YCDB Quicktips Series is something that is near and dear to my heart! We have developed tons of experience over the past 22 years and nothing makes us happier than we share that information with others. Our California Auto Dealer customers and friends appreciate the help and the time-saving so it is a real-win-win scenario.

This particular segment gets me back to my teaching roots. I was fortunate enough to teach the California pre-licensing education class several years ago. The experience was rich and over the course of educating 200+ students, I learned quite a bit myself. Again, my experience results in a wealth of knowledge to be able to be shared with others.

What kind of information should Car Dealers expect from this series?

This is a great question. We really thought long and hard about how to deliver the maximum benefit to our dealers. This is tough since our dealers are at different stages in their career. Here was our solution.

We segmented out these dealer groups based on how many years in business:

Dealers in business less than 2 years.

Car dealers in business between 2 - 4 years.

Auto dealers in business between 5 - 6 years.

Used Car Dealers in business more than 7 years.

We are hoping that this segmentation gives us an efficient way to deliver quality information to our dealers through the YCDB Quicktips Series. #YCDBQuicktips. Please leave a comment below and let us know what you think. Or Tweet us @YrCarDealerBond and let us know if we missed the mark. YCDB values your opinion and wants to make sure we get this one right.

How is the YCDB Quicktips Series different from the IADAC Quicktips series?

This is a great question. I have a lot of respect for what the Independent Auto Dealers Association of California has put together in their IADAC Quicktips series. The series is really well-done and I commend them for putting this together. Every single California Car Dealer should be taking advantage of the IADAC Quicktips series for some great info. This series does a fantastic job of coming from the perspective of another car dealer. That said, every member of the IADAC's board is a dealer so they have some very unique perspective. That said, they are also auto dealers that are competing in the same space.

The YCDB Quicktips Series was developed by insurance executives, IT professionals, underwriters, product developers, and surety bond experts. The series puts the focus on some areas that most dealers are not well-versed in so the content is fresh and beneficial for all California Auto Dealers.

Here is a quick list of some of the initial DMV Car Dealer license requirements in California?

Every California Car Dealer has very specific requirements which include but are not limited to:

DMV licensing paperwork. YCDB can help with this if needed.

Having a bond in place with limits of $10,000 or $50,000. Again this is out specialty and would love the chance to earn your business!

A lease must be in place and proper signage is a step that YCDB is not much a resource for as of May 2018.

Obtaining a business license is likely the next step. Just head over to the City Building. Please note that this step is not needed if the business address is in an unincorporated part of the city.
If you are not an LLC or Corporation then you will need a Fictitious Name Statement.

The next step is typically obtaining a Resale Permit from the Board of Equalization.

You will also need a checkbook in the business name.

Then the DMV inspection happens.

And just imagine that this is all before you even sell one car.

I wonder how this will affect California Used Car Dealers...
Trump Tariffs Could Cut U.S. Auto Sales By Up To 10% via@forbes https://t.co/oZdC9bCLhr

- Your Car Dealer Bond (@YrCarDealerBond) June 23, 2018

Manheim Central California OL 25B, Surety Bond of Motorcycle Dealer, Motorcycle Lessor-Retailer, All-Terrain Vehicle Dealer, or Wholesale-Only Dealer (Less Than 25 Vehicles Per Year)
State of California
California Department of Insurance
YCDB also has a video coming out to walk our dealers through the Bond Rider process.

This quality video will be available on our YouTube channel and will simplify the process of getting a rider. No one wants to have to obtain a rider but if changes are needed with your bond like a change in address or you are adding a DBA, then a Bond Rider will be needed.

The ease of doing business is our ability to make things simple for our dealer customers.

Now it's time to sell some cars!!!

YCDB understands the California car dealer world inside and out. A lot of our dealers have loads of questions about auctions and transportation. Other car dealers struggle with what paperwork will need to be completed once they do sell their 1st car. And yet other auto dealers have questions that surround the NMVITS report or the CarFax reports. What is your question and how can YCDB help you? Email us at info@yourcardealerbond.com and we will help you to the extent possible.

Everyone always asks, "what makes your business different" or "why should a dealer choose you to do business with instead of your customer"? This is a great question and it starts with our free consultation. We provide tons of great information to all of our applicants and believe me we see them in all different stages and answer a wide variety of questions on a daily basis. We save dealers thousands of hours each year in research when they reach out to us for complicated issues instead of trying to research those things on their own. And there's no shortage of questions from the No Cooling Off Signs, to bond limit questions, to insurance claim questions, and even DMV technical questions. It's even so that we hear questions regarding how to better organize to save time or marketing questions about how to maximize profits and increase sales.

In 2018, knowledge is even more powerful than ever. If you allow it, YCDB could be the most valuable resource you have in the business.

One last thing. Your friends at YCDB can also help you design your logo, business cards, or even your website. This is just another way for us to add more value TODAY! www.Cal-Surety.com or call us when you need something at 866-357-4405.

Please give us a chance to earn your business and over-deliver for you TODAY!

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Car Dealer Corner (Tips for 2018) - Cal-Surety and Insurance Services | California | Dealer Bonds

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There are plenty of moving parts for a Used Car Dealer regardless of how many years they have been in business (or if they are still getting licensed). Your Car Dealer Bond (aka Cal-Surety) offers a variety of additional services to assist in every step of the way.

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Dealer Bond California:- Puzzling about when it comes to dealer bond is natural. Clear your doubts and get the best services by hooking up with Cal-Surety and Insurance Services in California. We take pride in developing loyal customer relationships, surpassing expectations and delivering impeccable service.

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Dealer Bond California:- Puzzling about when it comes to dealer bond is natural. Clear your doubts and get the best services by hooking up with Cal-Surety and Insurance Services in California. We take pride in developing loyal customer relationships, surpassing expectations and delivering impeccable service.

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Cal-Surety and Insurance Services | California | Dealer Bonds

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Surety Bonds - Cal-Surety and Insurance Services | California | Dealer Bonds

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Cal-Surety / Your Car Dealer Bond has developed this page just to serve you. We hope you have a wonderful experience on our website and you find the info available on our site useful. www.Cal-Surety.com or 866-357-4405.

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Motor Vehicle Bond California:- If you’re in auto dealer business, it is important for you to know about and possess a motor vehicle bond. So, contact Cal-Surety and Insurance Services at 866-357-4405 today in California. We have been the trusted bond experts since 2012.   

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Motor Vehicle Bond California:- If you’re in auto dealer business, it is important for you to know about and possess a motor vehicle bond. So, contact Cal-Surety and Insurance Services at 866-357-4405 today in California. We have been the trusted bond experts since 2012.   

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It's common for our auto dealers (Retail, Wholesale, or Auto Broker) to need a something fixed or changed after they purchased their Car Dealer Bond...

The 3 Most Common Reasons a Car Dealer would need a Rider:

If you are applying for your California DMV Dealer License then you know that the business address and business name on your motor vehicle bond have to match identically to all of your other documents. Here are just a few: City Business License, Resale Permit issued by the Board of Equalization, DMV License Application, Lease, etc. Here's the list of the most common reasons our car dealers need a rider in 2018:

1. A mistake was made in the name or address when your bond was issued;

2. A change of the DBA or you move your business location (a rider is not needed if you only change your mailing address); or

3. If you file for another DBA (your DMV inspector will advise if another bond is needed or if your current MVD dealer bond can simply be amended with a rider.)

Cost of Obtaining a Rider:

$50 is the cost of the rider to be mailed via USPS.

$70 is the cost of the rider to be Priority Mailed with Tracking.

$100 is the cost of the rider to be Overnighted to you.

Your Car Dealer Bond will always pay for your rider if we made a mistake when we issued your bond. Therefore, you can feel comfortable about doing business with us!
How do I Order a Rider for my Car Dealer Bond

You simply need to email [email protected] with the following information:

1. The exact change that needs to be made. (If a DBA is being added, please email us a copy of the new Business License.)

2. Your DMV Car Dealer License Number, Dealer Name, and Bond Number.

3. The mailing address you would like the rider mailed to.

Some things to keep in mind if you do need a Bond Rider

1. Changes can not be made over the phone.

2. Riders typically take a day to process so we really appreciate your patience.

3. A bond limit change will require you to get another MVD bond altogether. Eg, changing your bond from $10,000 to $50,000 (or vice-versa) will require you to purchase another bond.

4. Changes in ownership will also require you to purchase another bond and cancel the bond you have now.

5. Expedited mailing options are available so no worries if you need this rider ASAP!

Does Your Car Dealer Bond (YCDB) offer Additional Services?

Are you getting your California Auto Dealer License and having some problems with the paperwork? Let our expert walk you through the process TODAY!

Do you operate your business with a free Email Provider like Gmail, Yahoo, or Outlook but want a Branded Email to look more professional to your customers? No problem here either!

Need Car Dealer Insurance? Again, you need an expert and we have you covered! Click here to get hooked up with our insurance team!

How about a Dealer Management System (DMS)? Some of the benefits of having a DMS is the enhanced follow-up capabilities and reporting mechanisms that are standard. All the best dealers utilize a DMS to improve their workflows and optimize their productivity.

Do you have Friends in the Business that need a Car Dealer Bond?

Most of our Used Car Dealer customers come to us by referral! Please keep YCDB in mind when you need a Car Dealer Bond! Call 866-357-4405 Now for immediate service.

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Need a Rider? - Cal-Surety and Insurance Services

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It's common for our auto dealers (Retail, Wholesale, or Auto Broker) to need a something fixed or changed after they purchased their Car Dealer Bond... That fix or change does not require another bond! A Rider is the name of the form that will modify your car dealer bond.