What is an Auto Dealer Surety Bond and Dealer Bond Cost?
Posted by All State Bonds on
What Is An Auto Dealer Surety Bond?
Auto Dealer bond does not protect the car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the auto dealer. Auto Dealer Bonds guarantee compliance with state laws and every state sets its own bond amount, period and expiration date. Auto Dealers are required to obtain a motor vehicle surety bond which is also known as DMV bond, used car dealer bond. An auto dealer is required by the State Motor Vehicle Departments to obtain a dealership license in the state in which your dealership is located.
We offer one of the lowest dealer bond rates nationwide since 1988
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Auto Surety Dealer with Poor Credit?
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Many Programs for harder to issue auto dealer bonds.
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High rate bonds are financed over 10 pay plan.
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We are Located in Houston, Texas but we serve all auto dealers in Dallas, Fort Worth, Austin, El Paso, San Antonio, Plano, Amarillo, Galveston, Waco, Corpus Christi, Brownsville and all throughout Texas
We at All State Bonds also underwrite and issue auto dealer bonds in 30 other States from California, Florida, Arkansas, Oklahoma, Louisiana, New Mexico, Georgia, Tennessee, Alabama and many others.