Virginia Motor Vehicle Dealer Surety Bond
We write $50,000 Motor Vehicle Dealer Bonds in Virginia.
Our GOOD CREDIT price is $500.
Virginia Motor Vehicle Dealer Bonds are required by the Virginia Department of Motor Vehicles. The required bond amount is $50,000 for THREE YEARS. These bonds are only needed for motorcycles & mobile home dealers. Bonds for car and trailer dealers are only needed for the first three years of business.
Upon completion of 3 Consecutive Years without a claim against the bond/fund, the bond/fund fee will no longer be required.
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 - Virginia Department of Motor Vehicles
Bond Amount - $50,000 for 3 years
Bond Premium - $500
Renewal Document - None.