If you are looking for information, forms or applications for a Motor Vehicle Dealer Bond then connect with a surety expert today by calling (866) 537-2580 or submitting a bond request now. We will make sure to walk you through each step of our simple and easy bonding process.
Many state's licenses for car dealerships require auto dealer or motor vehicle dealer (MVD) surety bonds. Whether you are looking for a new MVD bond or a bond to renew your current motor vehicle dealer license, here is what you need to know.
Costs for an auto dealer surety bond are a percentage of the total bond amount required. A surety company will determine the cost based on various factors. These factors can include personal credit, the bond amount, and the state which is requiring the motor vehicle dealer bond. Well qualified applicants could qualify to pay as low as 1% of the required bond amount. To find out how much a motor vehicle dealer bond will cost, fill out our free, no obligation quote form today!
Depending on the state, there are different types of vehicle dealer bonds that can be required. Some of the most common bond types include:
Our company handles all vehicle dealer bond types for all 50 states: Complete our Free Quote Form today to get started or view our comprehensive list of vehicle dealer bonds below to access our state specific bond application.
A motor vehicle dealer bond is required by the state in which you are licensed to operate. Your surety bond protects your clients and the obligee (the entity that required you to obtain the bond)—not you. Should you engage in fraudulent activities or violate any agreed-upon regulations related to your vehicle sales while holding a state license, your clients have the option to file claims against your bond. In such cases, the surety company initially covers the costs of valid claims. However, it's important to note that you are ultimately responsible for reimbursing the surety company for these expenses.
Whether you are looking for a Motor Vehicle Dealer Bond or any other type of surety bond, The ProSure Group helps you find the right surety bond quicker & easier. Our goal is to provide you with simple and efficient service so you can focus on your business.
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