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Motor Vehicle Dealer Bonds - Home ownership a requirement?


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Old 08-29-2006, 04:18 AM
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Default Home ownership a requirement?

I have excellent credit (700+), was a licensed dealer 5 years ago and had to close due to complications with leased office not meeting county ordinances. I'd rather wait a while before buying a house due to the high prices, and to use my assets for the business, part time.

Can I still get a bond? Ok, it'll be more than for someone who owns a home, but I'd still consider myself low risk due to credit, experience and my education (B.A. in Business Admin).
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Old 08-29-2006, 09:43 AM
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Your credit and experience are big plusses for a bond approval. However, there are other factors they will consider. Your best bet is to submit an online application so an agent can review your file and shop rates for you. Obtaining a quote/approval is 100%. You can apply at: http://www.jwsuretybonds.com/apply.php
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