Motor Vehicle Dealers, also known as Auto Dealers or Car Dealers, are required in most states to have a license and a surety bond to operate a dealership. Each state has different licensing and surety bond amount requirements.
Motor Vehicle Dealers may be new or franchise dealers, used dealers, wholesale auction dealers, new and used motorcycle dealers, new and used recreational vehicle dealers, boat dealers, trailer dealers (generally over a minimum weight), ATV dealers, snowmobile dealers, and more.
Most states require motor vehicle dealers to have a surety bond on file. The surety bond ensures that you will lawfully follow state regulations when conducting business. SuretyGroup.com writes surety bonds for all states that have a bond requirement.
The premium that you pay for a Motor Vehicle Dealer Surety Bond will vary. Our rates start as low as $100 for bond amounts $10,000 and under and with your good credit. For bonds amounts over $10,000, qualified applicants with good credit could pay as low as 1%. Low credit score? We can get you bonded too!
In most cases your bond can be purchased and mailed in the same day. A copy of your bond will be emailed to you upon receipt of purchase. In addition to US Postal Service mail, we offer overnight and second day mail for an additional charge.
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