California's Department of Motor Vehicles' Business Partner Automation (BPA) program allows vehicle dealers and registration services to process vehicle-related transactions at their place of business. Many of these services give consumers an alternative to visiting the DMV office.
As of July 1, 2012, all new car dealers are required to use the BPA system for all car sales and leases. A part of the enrollment qualifications involves acquiring a surety bond.
BPA registration can increase revenue for a dealer, save time, and allow for a better customer experience. A part of registration includes obtaining a surety bond, which can compensate the public for damages resulting from a bonded business breaking licensing laws. Bond amounts are:
Registration in the BPA programs allows businesses to issue the following:
The premium you pay for a California Business Partner Automation Surety Bond depends on the bond amount and your business financials. Our rates start at 1% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
Used car dealers are not required to participate in the BPA program, but may still enroll in the program if they like.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application