Auto dealer surety bond is also known as DMV bond, motor vehicle dealer bond. An auto dealer surety bond is required by the State Motor Vehicle Departments to obtain a dealership license in the state in which your dealership is located.
The auto dealer bond does not protect the used car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the car dealer. Auto Dealer Bond guarantee compliance with state laws and every state sets its own bond amount, period and expiration date.
All State Bonds is located in Houston Texas, butwe service over 30 States from the State of Texas, California, Florida, Arkansas, Oklahoma, Louisiana, New Mexico, Georgia, Tennessee, andmany other States. Texas Rates Start from $200/2 year Apply Now*
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Dealer Bonds are Issued & Emailed to You on the Same Day.
We offer one of the lowest rates nationwide since 1988
Call our agents for any questions @ 800-374-9227
We also offer Texas Auto Dealer Liability Insurance that starts from $1385/year for $100k Limit.
Protect your business from any lawsuits/claims that might arise from running your dealership.
Auto Dealer License Bonds Requirement By State:
Alabama Auto Dealer Bond: September 30th, Auto Dealer Bond amount required $10,000/1YR, and a financial showing a net worth of $25,000. Dismantlers are also required to have a dealer bond.Rate Starts from $100/Yr
Arkansas Auto Dealer Bond: $25,000 Dealer bond is required to be filed with the state police department for used car dealers to obtain a license. Rate starts @ $125/Year
California Auto Dealer Bond:New and used car dealers are required to obtain a $50,000 motor vehicle surety bond. For wholesales dealers, a $10,000 wholesale bond is required. Rate Starts from $500/year
Florida Auto Dealer Bond:Auto Dealer Bond amount required is $25,000/1YR, expire date April 30th. Mobile home dealer is required to have $50,000 bond, RV and Motor home dealers are required to have a $20,000 bond.
Georgia Auto Dealer Bond: The expiration date is March 31st; the Bond amount required is $35,000 for 2 years. Rate starts from $275
Illinois MVD Bond: New and used auto dealers require to have a $20,000 surety bond, expire date Dec 31st.
Louisiana Dealer Bond: $20,000 surety bond is required for 1 year up to 120 cars in annual sales & $35,000 Dealer Bond is required if over 120 cars in annual sales, All Bonds expire date is Dec 31st. Rate starts from $200/Year
Missouri MVD Bond: $25,000 surety Bond is required, the expire date is Dec. 31st. Rate starts from $150
Montana MVD Bond: $25,000 surety Bond is required for used auto dealers, auto auctions. Franchised dealers, wholesalers and travel trailer dealers, mobile home dealers, expire date is Jan 31st.
New Mexico auto dealer Bond: $50,000 dealer surety bonds are required for all auto dealers, salvage dealers, mobile home dealers, A Bond in the amount of $12,500 is required for motorcycle dealers. Expiration date Dec 31st. Rate Starts from $375
Oklahoma Auto Dealer Bond:Expire date is December 31st, MVD Dealer Bond amount required in $15,000 for used car dealers, wholesale dealers a bond is also required. A $30,000 bond is required for manufactured home dealers. An auto salesperson is also required to have a $1000 bond. Rates Start $105/Year
Oregon MVD Bonds: Expire Last Day of Month; required for 3 years, Auto Dealer Bond amount required $40,000
Texas Auto Dealer Bond:Expires Last Day of the month; required for 2 years, Auto Dealer Bond amount $25,000. All used car dealers; Motorcycle dealers, wholesale dealers, and wholesale auction dealers are required to have a bond. Rates Start from @ $200/2Years
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Requirements To Get Dealer License
To regulate the Auto Dealer trade, the state subjects Texas Automobile Dealer to many legal restrictions and requirements. For a new Dealer license in Texas, the first step is to obtain a General Distinguishing Number (GDN). This requires, among other things, a permanent place of business, a business Signage, enough space to display five vehicles the dealer intent to sell, etc…
You’ll need a GDN whether you sell new cars or used them. If you also sell motorcycles. RV’s or other trailers, you’ll need separate GDN for each class of vehicle.
Each original GDN costs $700, and $400 to renew every 2 years in Texas.
How to obtain a Texas Dealer License for example – Forms and Applications:
To contact the Motor Vehicle Division’s licensing department, you may write to the following address:
Texas Department of Transportation
Motor Vehicle Division
P.O. Box 2293
Austin, TX 78768-2293
Phone: (877) 366-8887 or (512) 416-4800
Fax: (512) 416-4893
For more help with your Dealer License or Dealer Bond Contact our office and one of our representatives will be happy to help you. * All preferred rates are based on excellent credit history and the surety company reserves the right to change auto dealer bond rates at any time and without notice.