The South Carolina Department of Motor Vehicles (SCDMV) oversees the licensing of Motor Vehicle Dealers in the state. This includes motor vehicle dealers (also known as car dealers or auto dealers), retail dealers, travel trailer dealers, motorcycle dealers, auto auction dealers, wholesale dealers, and wholesale motorcycle dealers.
All motor vehicle dealers and wholesalers in South Carolina must provide a surety bond before a license can be issued. A surety bond protects the public from loss or damage due to fraud or fraudulent representation by a dealer, wholesaler, or their employees.
A surety bond must be in effect before the Department of Motor Vehicles will issue a license, and the legal name on the surety bond must match exactly the legal name used in the application.
The premium that you pay for a South Carolina Motor Vehicle Dealer Surety Bond will depend on credit, the bond amount needed and experience in the vehicle industry. Our rates start at 1% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
A DMV agent must inspect the business location to ensure that it meets state requirements.
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