If you are a Motor Vehicle Dealer in Rhode Island, you will need a Motor Vehicle Dealer Surety Bond in the amount of $50,000.
Dealerships that will be located in the cities of Central Falls, Cranston, East Providence, Esmond, Exeter, Foster, Johnston, Pawtucket, Providence, Warwick, West Greenwich, or Woonstock are required to obtain a "Second Hand License" to sell used vehicles.
The premium that you pay for a Rhode Island Motor Vehicle Dealer Bond is dependent on credit, length of time in the business and the number of business locations. Our rates start at $500 with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
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