Used Motor Vehicle Dealer Surety Bond
Auto Dealer Surety Bonds are required in most state. Bond requirements range from $5,000 - $100,000. Auto dealers entering into the business or existing businesses must file and keep a surety bond with the state's Department of Motor Vehicles (DMV), Department of Transportation before they can receive their auto dealer license. There are several categories of dealers. Find your state below. The link will take you to your states dealer requirement page.
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 linked states above to determine what is required and 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!
Depending on the state the bond is required and the penal sum amount will determine how heavily underwritten this bond will be.
Credit is a determining factor when placing this bond. We, at Jane Bond Surety, have many markets for all types of credit and experience. There may be an option for financing for those with damaged credit.