car dealerships have to have a bond set up with their respective state agencies to be licensed and legal. If a dealership that you have bought from or sold to goes belly-up you can track it through that states licensing bureau and make a claim against their bond for any financial losses. Bond money can run out, however, so this is something that you would have to act on quickly.

car dealerships have to have a bond set up with their respective state agencies to be licensed and legal. If a dealership that you have bought from or sold to goes belly-up you can track it through that states licensing bureau and make a claim against their bond for any financial losses. Bond money can run out, however, so this is something that you would have to act on quickly.