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  1. Harley
    Harley is offline Member
    Join Date
    Oct 2006
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    59

    Auto Dealer Bond

    I am interested in purchasing a used auto dealership. What do I need a bond for? and what will it cover?
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  2. Admin
    Admin is offline Administrator
    Join Date
    Jan 2005
    Posts
    755

    Your bond is required to protect the public from your potential fraud or negligence. If you are to break the rules and regulations set forth by your state, the state can file a claim against your bond and reimburse any citizen that was negatively effected by your company.
    Surety Bond Articles
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