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by lotsofpulp 2810 days ago
I think it would be in society's interest to know the credibility of someone repairing and selling 2 tons of metal that will go out on the road and pose considerable risk to others' and the driver's lives on the road. See the limo crash that just killed 18 in New York state.

There might be situations where corrupt government is inhibiting competition for the gain of particular parties, but some things do make sense, such as being bonded when the risk of the work you are performing could be result in large costs.

2 comments

I know this might be surprising to people who grew up in certain areas where scumbag business practices are the norm but the total number of people who run their small businesses like scumbags is very low compared to those that don't. It costs society more to make everyone play to the lowest common denominator than it does to clean up after the scumbags.
The bond, I think, is mainly for if someone sues you. For a $1000-$2000 car $75,000 is overkill. They could make a class for people who aren't dealers where you only need to buy a bond for the car you are selling or something like that.
An vehicle with improperly installed brakes or other unsafe mechanisms can easily cost far more damage than the value of the car.