The California Motor Vehicle Wholesale Dealer Surety Bond is required by the Department of Motor Vehicles.
The California Motor Vehicle Wholesale Dealer Surety Bond is different from the California Motor Vehicle Dealer Surety Bond. Wholesale dealers buy cars at auction and sell those cars to other wholesale dealers or car dealers. This bond is for licensed wholesale dealers that sell less than 25 vehicles a year. The Wholesale-Only Dealer bond form is the same bond form as the Surety Bond of Motorcycle Dealer, Motorcycle Lessor-Retailer, and All-Terrain Vehicle Dealer. The required amount of this bond is $10,000.
Those who want to get a wholesale license (the license that allows you to sell to other dealers and wholesalers) need to have a California Motor Vehicle Wholesale Dealer Surety Bond on file with the Department of Motor Vehicles.