California Auto Dealer Bond$50,000 DMV Requirement

California auto dealer bonds ($50,000) cost $500-$5,000 annually depending on credit. With excellent credit (750+), expect $500-$1,000 (1-2%). Good credit (680-749) costs $1,000-$2,000 (2-4%). Fair credit (620-679) ranges $2,000-$3,500 (4-7%). Lower credit may require up to $5,000 (10%). We offer competitive rates for all credit levels with same-day approval.

DMV Form OL 25 is the official California auto dealer bond form. This $50,000 surety bond must be filed with your dealer license application. The bond protects consumers from dealer fraud, unpaid fees, or violation of motor vehicle laws. You can obtain this bond through our online system with same-day approval.

California DMV dealer licensing typically takes 4-8 weeks from application to approval. The bond can be issued within 1 business day. Other requirements like facility inspection and fingerprinting add to the timeline. Start your bond application early to avoid delays in your licensing process.

Yes, California requires both a $50,000 surety bond (DMV Form OL 25) and garage liability insurance ($1,000,000 minimum). The bond protects consumers from licensing violations, while insurance covers property damage and liability claims. Both are mandatory for DMV dealer licensing.

Yes, we have specialized programs for all credit situations. We've secured California dealer bonds for applicants with credit scores as low as 500. Rates vary based on credit, but approval is often possible. Our underwriters work with multiple carriers to find the best solution.

The surety company investigates claims filed by consumers or the DMV. If valid, they pay up to $50,000. You must then reimburse the surety for amounts paid plus legal costs. Maintain compliance with all DMV regulations and consumer protection laws to avoid claims.

No, California requires the same $50,000 bond (DMV Form OL 25) for both new and used vehicle dealers. All dealer types - franchised, independent, wholesale, or auction - need this bond for DMV licensing, regardless of vehicle type sold.

California dealer bonds renew annually. We send renewal reminders 60 days before expiration. Most renewals are approved within 1 business day with updated pricing based on current credit. Never let your bond lapse - it results in immediate license suspension by the DMV.