http://forums.jwsuretybonds.com/ A discussion of Motor Vehicle Dealer Bonds. Learn about bonding company requirements and how to obtain a bond with bad credit or a bankruptcy. en Thu, 09 Sep 2010 07:45:13 GMT vBulletin 10 http://forums.jwsuretybonds.com/images/misc/rss.png http://forums.jwsuretybonds.com/ http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2594-car-dealership-fraud-dissapearence.html Wed, 24 Feb 2010 18:40:21 GMT I am a Paralegal and I have a Client who Purchased a vehicle from a dealership, a month later the dealership contacted my client and had him come over, they said they had to keep the car for a night so they could get the permanent registration for the car, i know stupid fell for it, well he left... I am a Paralegal and I have a Client who Purchased a vehicle from a dealership, a month later the dealership contacted my client and had him come over, they said they had to keep the car for a night so they could get the permanent registration for the car, i know stupid fell for it, well he left the car and they lent him a car of lesser value, he then returned the next day and the dealership was gone and also the car was no where to be found, the dealership closed both of their locations that night, my client bought the car out right, no financing, and they lent him a car of lesser value, they stole the car from him, now the dealership is gone and i am trying to find the bond information to collect the monies owed and peruse the person responsible for these actions, thank you for your time ]]> Motor Vehicle Dealer Bonds Justin_Creasy http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2594-car-dealership-fraud-dissapearence.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2466-bond-refundable-credited-if-company-change-corporation-sole-proprietor.html Mon, 04 Jan 2010 20:40:41 GMT Our corporation (share holders only my husband and I) has to renew our bond, we are going to buy the bond as corporation and retail (50K requirement). If down the road, 3 months from now, we change from corporation to soleproprietor, there are several questions: 1. Can the bond be changed to... Our corporation (share holders only my husband and I) has to renew our bond, we are going to buy the bond as corporation and retail (50K requirement). If down the road, 3 months from now, we change from corporation to soleproprietor, there are several questions:
1. Can the bond be changed to soleproprietor name? Let's say from ABC Motor Inc. to be DEF Motor.
2. Or do we have to apply for a new bond for sole proprietor?
3. If we have to apply for new bond, will the premium for the bond that we purchased refunded partially?
4. Or since the previous bond was based on our credit too, will the premium be credited towards the issuance of soleproprietor bond?

Thank you. ]]> Motor Vehicle Dealer Bonds ready42001 http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2466-bond-refundable-credited-if-company-change-corporation-sole-proprietor.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2433-car-dealership-fraud.html Mon, 02 Nov 2009 01:27:52 GMT I wanted to buy a used car in the authorized dealership in Valley Stream, NY and gave them 10000$ deposit. However this dealership disappeared and neither gave me a vehicle nor returned a deposit. DMV records say that this company has some surety bond company. How can I find this company and can I... I wanted to buy a used car in the authorized dealership in Valley Stream, NY and gave them 10000$ deposit. However this dealership disappeared and neither gave me a vehicle nor returned a deposit. DMV records say that this company has some surety bond company. How can I find this company and can I recover my moneys from surety bond company? Thank you! ]]> Motor Vehicle Dealer Bonds julie-e http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2433-car-dealership-fraud.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2400-filing-claim-dealers-bond.html Tue, 04 Aug 2009 04:34:51 GMT I purchased a vehicle from a used car dealer who went out of busines without submitting transfer of title, sales tax, or registration fees to the DMV. I also have subsequently found out that their is a previous lein holder on the vehicle. The DMV is requiring that I post a surety bond to get the... I purchased a vehicle from a used car dealer who went out of busines without submitting transfer of title, sales tax, or registration fees to the DMV. I also have subsequently found out that their is a previous lein holder on the vehicle. The DMV is requiring that I post a surety bond to get the title and has suggested I file a claim against the dealers bond. I have contacted the dealers bond company. What can I expect to happen now and how can I be assured to be repaid for my losses? ]]> Motor Vehicle Dealer Bonds chudean http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2400-filing-claim-dealers-bond.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2373-auto-dealer-bond-questions.html Thu, 14 May 2009 04:12:59 GMT I'm seriously looking into opening my own dealership... and I would like to find out more information about getting the required bond. Specifically... How much does it cost... I've heard somewhere in the range of 1% - 2% depending on credit and other variety of factors... what are reasonable premiums? How much will this cost me over the first 12 months. In my state I'm required to get a $50,000 bond.

Also... what is the likelyhood of getting bonded considering my situation:

PROS:
- 5+ years industry experience
- Reasonably good credit score (720+)
- Highly educated (will this matter?)
- Possibly $60,000+ in home equity

CONS:
- Significant amount of debt (credit cards & student loans) offset the equity in my home. ]]> Motor Vehicle Dealer Bonds bayzing http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2373-auto-dealer-bond-questions.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2372-auto-dealers-run-into-trouble-over-practices.html Wed, 13 May 2009 13:10:08 GMT Read it here (http://www.charlotteobserver.com/business/story/719420.html). Read it here. ]]> Motor Vehicle Dealer Bonds Surety Insider http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2372-auto-dealers-run-into-trouble-over-practices.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2313-rhode-island-increase.html Mon, 02 Feb 2009 15:08:04 GMT I paid for my Rhode Island Auto Dealer Bond four months ago but the state will be radically increasing the bond amount to 100K in March. Will I have to pay more even though I just purchased my bond? I paid for my Rhode Island Auto Dealer Bond four months ago but the state will be radically increasing the bond amount to 100K in March. Will I have to pay more even though I just purchased my bond? ]]> Motor Vehicle Dealer Bonds grasshopper http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2313-rhode-island-increase.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2312-old-quote.html Fri, 30 Jan 2009 14:56:19 GMT I applied for one of your autodealer bonds six months ago, got to you all the necassary information and a final quote price but never purchased it. I have recently decided to go forward and open the dealership, is my quote still good or do i need to reapply? I applied for one of your autodealer bonds six months ago, got to you all the necassary information and a final quote price but never purchased it. I have recently decided to go forward and open the dealership, is my quote still good or do i need to reapply? ]]> Motor Vehicle Dealer Bonds grasshopper http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2312-old-quote.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2311-motor-vehicle-bond.html Fri, 30 Jan 2009 14:35:21 GMT Does each state have a different bond requirement amount for a motor vehicle bond? Does each state have a different bond requirement amount for a motor vehicle bond? ]]> Motor Vehicle Dealer Bonds bad2thebond http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2311-motor-vehicle-bond.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2276-resume.html Wed, 14 Jan 2009 19:59:18 GMT I was applying for my Used Auto Dealer Bond and was asked for a resume, what is this for and what exactly are they looking for? I was applying for my Used Auto Dealer Bond and was asked for a resume, what is this for and what exactly are they looking for? ]]> Motor Vehicle Dealer Bonds grasshopper http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2276-resume.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2269-motro-vehicle-bond.html Mon, 12 Jan 2009 16:26:46 GMT Is it possible to get a 2 year term on a motor vehicle bond? Is it possible to get a 2 year term on a motor vehicle bond? ]]> Motor Vehicle Dealer Bonds bad2thebond http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2269-motro-vehicle-bond.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2260-blank-bond-form.html Wed, 07 Jan 2009 13:48:57 GMT I recently applied for my car dealership license as well as the bond through your company. The packet that the state gave me did not have the blank bond form you requested, where would I find this? I recently applied for my car dealership license as well as the bond through your company. The packet that the state gave me did not have the blank bond form you requested, where would I find this? ]]> Motor Vehicle Dealer Bonds grasshopper http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2260-blank-bond-form.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2243-no-bond.html Mon, 22 Dec 2008 13:35:40 GMT What are some of the penalties if I decide to sell cars without a bond and my state does require one? What are some of the penalties if I decide to sell cars without a bond and my state does require one? ]]> Motor Vehicle Dealer Bonds grasshopper http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2243-no-bond.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2189-what-my-options.html Fri, 21 Nov 2008 00:31:32 GMT I am trying to start a dealership in Southern California. I have ALL the requirements to start it except for the REQUIRED Auto Dealer Bond. The only thing holding me back from doing business is the bond, which due to my bad credit I have been unable to get. I have tried at least 4 places and all... I am trying to start a dealership in Southern California. I have ALL the requirements to start it except for the REQUIRED Auto Dealer Bond. The only thing holding me back from doing business is the bond, which due to my bad credit I have been unable to get. I have tried at least 4 places and all have denied the bond.

What can I do to get this required bond? ]]> Motor Vehicle Dealer Bonds jobo http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2189-what-my-options.html http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2056-90-day-cancellation.html Tue, 07 Oct 2008 18:29:16 GMT I just noticed my bond has a 90 day cancellation clause which requires me to pay 90 days ahead of time. Why 90 days and not 30 or 45 days? I just noticed my bond has a 90 day cancellation clause which requires me to pay 90 days ahead of time. Why 90 days and not 30 or 45 days? ]]> Motor Vehicle Dealer Bonds bad2thebond http://forums.jwsuretybonds.com/motor-vehicle-dealer-bonds/2056-90-day-cancellation.html