Michigan Motor Vehicle Dealer Bond
Michigan Motor Vehicle Dealer Bonds are required for those engaged in or desire to be engaged in this business. The Michigan dealer bond requirement is $10,000. Auto dealers entering into the business or existing businesses must file and keep a surety bond with the Michigan Department of State before they can receive their auto dealer license. We have excellent dealer bond rates in all dealership types such as New Dealer, Used Dealer, wholesaler, etc. Complete an online application or call us at 1-844-933-4455.
Michigan Auto Dealer bondare underwrited moderately. Some sureties simply run credit. Others may require additional underwriting. This industry changes frequently as do the costs.
Obtaining and maintaining an auto dealer bond at Jane Bond Surety is simple.
Many bonds can be obtained in as little as an hour. Some take longer. Use the highlighted bullet points above to determine what you can expect when applying for this bond. Many (not all) bonds require a credit check. In many instances it simply depends on the actual bond one is applying for and the insurance company's experience in that category. Some bonds are considered low risk and some are considered higher risk. Bonds that do not require a credit check are usually instantly issued.
We, at Jane Bond Surety & Insurance, take your auto dealer bond very seriously. We also consider the cost. We make every effort to obtain the quickest bond at the lowest rate. If at any juncture you have any questions call us at: 1-844-933-4455.
Quote via email.
Once we receive your app we will locate the best rate available to us. We will communicate that to you via email. The email will contain instructions on how to proceed.
When you decide to move forward we will provide you with options to pay the premium, receive the bond as well as shipping options. It's really that simple!