Hi all,
I’ve been reading up on licensing requirements for car dealerships and keep coming across the term “auto dealer bonds.”
Can someone explain why auto dealers need this bond?
Is it mainly for consumer protection, or does it serve other legal or financial purposes too?
I’d love to hear from anyone in the auto industry or familiar with dealership regulations.
Thanks!
Jackkyle
I’ve been reading up on licensing requirements for car dealerships and keep coming across the term “auto dealer bonds.”
Can someone explain why auto dealers need this bond?
Is it mainly for consumer protection, or does it serve other legal or financial purposes too?
I’d love to hear from anyone in the auto industry or familiar with dealership regulations.
Thanks!
Jackkyle