Tennessee Motor Vehicle Auction Bond

Get a Tennessee Motor Vehicle Auction Bond today.

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Ready to launch or grow your motor vehicle business in Tennessee?

Whether you're a new or used car dealer, or you operate a motor vehicle auction, obtaining your license through the Tennessee Motor Vehicle Commission is a crucial step. And right at the top of their requirements is the Tennessee Motor Vehicle Dealer Bond – sometimes referred to as a Tennessee Auto Dealer Bond or Tennessee Motor Vehicle Auction Bond.

Key Bond Details

Obligee:

Tennessee Motor Vehicle Commission

Required Bond Amount:

$50,000 (This is standard for most TN motor vehicle dealer/auction licenses.)

Bond Term:

Typically 2 years, aligning with your license renewal. Bond Premium: Your cost is a small percentage of the $50,000 bond amount, varying based on your credit and qualifications. 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

Obligee - Tennessee Motor Vehicle Commission
Bond Amount - Set by the Obligee
Bond Premium - Varies
Renewal Document - None.

Click on the No Obligation Quote button to complete our simple, one-page online bonding application. Completing the following application allows the underwriters at BondAbility to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond with your personalized quote within the hour!

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Contact Info

First Name *

Last Name *

Email *

Phone *

Fax

I am an ...

Insurance Agent

Applicant

Attorney

Other

Next

Applicant Info

Applicant Name (Exactly as to appear on bond or license) * _{Most Obligee's require that the name on the Bond EXACTLY match your license or license application.}

Type of Entity

Sole Ownership

Corporation

Partnership

LLC or LLP

Business Address *

City *

State * Select your State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Dist of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Zip Code *

Do you have or need other bonds

Effective Date *

Bond Amount *

Please indicate any ownership changes in the last 12 months

Previous surety (if any)

Reason for changing surety

Has the business or any of the owners been involved in:

Had any lawsuits, liens or judgements against them?

Yes

No

Ever failed in business or declared bankruptcy?

Yes

No

Ever been convicted of a crime?

Yes

No

Ever had their business license suspended, revoked or denied?

Yes

No

Ever been party to a surety bond claim?

Yes

No

Ever had a bond declined or cancelled?

Yes

No

If yes to any, please explain

Next

Personal Info

Add Another Owner

Next

Additional Documents

If there are documents that you would like to upload for our review, please upload them below

Add Another File

By submitting this Application, the owners listed above hereby authorize BondAbility, (including any of its representatives affiliates, agents or designees) to conduct any and all investigative inquiries including but not limited to obtaining consumer credit reports. Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false, incomplete, or misleading information, or conceals information concerning any material fact whereto, commits a fraudulent insurance act, which is a crime punishable by incarceration, and shall also be subject to civil penalties

Please check the box above.

Submit Application

Why Your Tennessee Motor Vehicle Bond Matters

This bond protects everyone involved and is a cornerstone of your licensed operation:

Required for Licensing: You must have this bond to obtain and maintain your Tennessee motor vehicle dealer or auctioneer license with the TN Motor Vehicle Commission. It's legally mandated for operation.

Protects Consumers: The bond is a financial safeguard for buyers and sellers. It ensures you'll operate ethically and legally, protecting against fraud, misrepresentation, or failure to deliver titles.

Ensures Accountability: If a valid claim arises due to misconduct, the surety compensates the harmed party. While you're responsible for reimbursement, it provides a swift resolution and upholds industry integrity.

Boosts Credibility: Holding this bond signals your commitment to legal and ethical practices, building immediate trust with your customers.

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