Also known as a Used Car Dealer Bond, Franchise Dealer Bond, Car Dealer Bond, Auto Dealer Bond, Louisiana Car Dealer Bond
The Surety Group has a custom bond program for Louisiana Auto Dealers. We are waiving spousal indemnity and collateral requirements. Financing is even available for franchise dealers with impaired credit. The Louisiana Auto Dealer Bond expires on December 31st of each year. The bond amount is $20,000.
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Bond Amount: $20,000
Required for dealers who have sold less than 120 vehicles in the preceeding 12 months
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| CUSTOM PLANS |
RATES |
REQUIREMENTS |
I No Collateral
or
Spousal Indemnity  |
$150.00 | 1 year
$275.00 | 2 years |
- Minimum Equifax score 725
- Minimum net worth $200,000
- In business over 5 years
- Own a home
- No bankruptcies, lawsuits, tax liens or surety losses
|
|
II
No Collateral
or
Spousal Indemnity
|
$300.00 | 1 year
$555.00 | 2 years |
- Minimum Equifax score 675
- Excellent net worth
- In business over 3 years
- Own a home
- No bankruptcies within last 10 years and never caused a surety loss
- No lawsuits, tax liens, surety losses or foreclosures
|
|
III
No Collateral
or
Spousal Indemnity
|
$700.00 | 1 year
$1295.00 | 2 years |
- Minimum Equifax score 625
- Good net worth
- In business over 1 year
|
IV
No Collateral
or
Spousal Indemnity
|
$2,250.00 | 1 year
$4,500.00 | 2 years |
- New in business or less-than-perfect credit
- Minimum Equifax score of 524 or higher
- Financing available
|
V
No Collateral
or
Spousal Indemnity
|
1 year |
| |
|
Bond Amount: $35,000
Required for dealers who have sold more than 120 vehicles in the preceeding 12 months
|
| CUSTOM PLANS |
RATES |
REQUIREMENTS |
I
|
$526.00 | 1 year
|
- Minimum Equifax score 725
- Minimum net worth $200,000
- In business over 5 years
- Own a home
- No bankruptcies, lawsuits, tax liens or surety losses
|
II
|
$525.00 | 1 year
$971.00 | 2 years |
- Minimum Equifax score 675
- Excellent net worth
- In business over 3 years
- Own a home
- No bankruptcies within last 10 years and never caused a surety loss
- No lawsuits, tax liens, surety losses or foreclosures
|
III
|
$1,225.00 | 1 year
$2266.00 | 2 years |
- Minimum Equifax score 625
- Good net worth
- In business over 1 year
|
IV
|
$3,938.00 | 1 year
$7,876.00 | 2 years |
- New in business or less-than-perfect credit
- Minimum Equifax score of 524 or higher
- Financing Availiable
|
V
|
1 year |
-
Equifax score of 524 or lower
| |