Why Most Car Dealerships Think Surety Bonds are the Best Option
- Jon Shea
- Jul 18, 2017 6:40:08 PM
- Surety Bonds
In order to receive a dealership’s certificate of registration from Vermont’s Commissioner of Motor Vehicles, dealerships must show the state they have funds available to settle any successful claims of fraud filed against them. Even though there are several ways to prove that funds are available, many car dealerships in the state use surety bonds. Here’s why dealers usually use bonds, instead of the other options.