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Instructions and help about dor 4682

hi my name is Brad Bullard Nick and I'm an account executive at surety bonds calm as a new business owner it's likely you will have to purchase a surety bond during the business licensing process today I'm going to break down specific bond information application requirements cost expectations and overall logistics involved in receiving your bond now let's get started before a motor vehicle dealers license can be issued or renew by the California Department of Motor Vehicles the dealer must purchase a surety bond from a provider authorized to work in California the bond must then be filed with the DMV office most motor vehicle dealers in California need a standard $50,000 auto dealer bond however a smaller $10,000 bond is required for wholesale dealers selling less than 25 vehicles annually and for dealers who sell motorcycles or ATVs the DMV can help you determine the exact bond type and amount required for your business license once you know this information you're ready to apply for

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