Motor Vehicle Dealer Surety Bonds
Motor Vehicle Dealer Bonds, also known as MVD Bonds, Automobile Dealer Bonds, or Auto Dealer Bonds are required in many states. Dealer Bond amounts vary greatly and can range from $5,000 up to $100,000. Obviously, the higher the surety bond requirement the more expensive the dealer bond will be and the more difficult it will be for the applicant to qualify.
Dealer Bonds guarantee different obligations in various states. Some states regulations stipulate that the Dealer bond merely covers compliance with the statutes while other state's dealer bond requirements may cover all sorts of consumer related infractions, such as odometer roll back, warranty coverage, dealer financial obligations, etc. Because of the wide variations of exposure, many surety companies will often price and underwrite the various states based on their perceived risk.
Every state has their specific surety bond form. Rest assured that we have these forms in our extensive bond form library. We have many surety companies willing to write these bonds at very competitive rates. We even have surety companies that have special programs for applicant's with less than perfect credit!
Please click on your state below to complete our online application. If you state is not listed below, please give us a call.