If you are a Retail Motor Vehicle Dealer or Wholesale Dealer in South Carolina (otherwise known as auto dealer or car dealer), you need will need to apply for a license and a Motor Vehicle Dealer Bond in the amount of $30,000.
Applicants must complete the application obtained from the South Carolina Department of Motor Vehicles and pay the applicable fees for licensure and dealer plates.
Bonds are also required for the following Dealer Licenses:
Wholesale Auto Auction =$15,000 bond amount
Travel Trailer Dealer =$15,000 bond amount
Motorcycle Dealer =$15,000 bond amount
Wholesale Motorcycle Dealer =$15,000 bond amount
A bond must be in effect before the Department of Motor Vehicles will issue a license.
**Bond amounts can vary depending the on the bond type, and premiums depend on a variety of factors which can include credit score, length of time in the business and number of business locations. Our Surety Bond Specialists can give you a free, no-obligation quote for the type of bond needed for your business.
We have been underwriting surety bonds for over 35 years, and we offer bonds for individuals and businesses of every size.
Our team of experienced surety specialists and in-house underwriting authority gives us a unique advantage over other surety companies. We are able to offer competitive, low rates, quick approvals and immediate bond delivery. In most cases we can approve your application today and deliver your bond tomorrow.
Hours: 8:00-5:00 CST, Monday through Friday