Maryland Used Motor Vehicle Dealer
Maryland Used Motor Vehicle Dealer
We write Used Motor Vehicle Dealer Bonds in Maryland.
Our GOOD CREDIT price is 2% of the bond amount.
Click for a No Obligation Quote
All Used Motor Vehicle Dealers in Maryland are required by the Maryland Department of Transportation Motor Vehicle Administration to obtain a surety bond based on the number of vehicles sold/projected to be sold at primary and all additional locations licensed under the dealer license number. The required bond amount varies.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Maryland Department of Transportation, Motor Vehicle Administration.
Bond Amount - Varies based upon the numer of vehicles sold
Bond Premium - 2% of the Bond Amount
Renewal Document - None.