Texas Motor Vehicle Dealer License Requirments
Posted: November 19, 2023
Auto Dealer Bond Rates Car Dealer Bond is typically called an MVD Bond, or a Motor Vehicle Surety Bond. Auto dealer surety bond is not an insurance policy, it does not protect the auto dealer from any losses, but it does protect the consumer from any wrongdoing or wrong actions by the dealer. Most states require auto dealers to carry a surety bond, which is a...
Auto Dealer Surety Bond Guide & Rates
Posted: December 4, 2022
Auto Dealer Bonds in Texas Texas Auto Dealer Surety bonds (Rates from $250 / 2 years) do not protect the car dealer from any lawsuits, but it protects the consumer from fraud or misrepresentation by the auto dealer. Also known as a motor vehicle dealer’s bond, it guarantees compliance by the licensed dealer with state laws. Texas auto dealer bond is set at $50,000 and...
Auto Dealer License Guide and Dealer Bond Cost
Posted: January 22, 2022
Motor Vehile Dealer Bonds and Licensing Motor vehicle dealers are required to post a Texas Motor Vehicle Dealer Bond as part of the process to license the dealership. The amount of the bond depends on what type of vehicles are to be sold and the State you are doing business in. Rates for the dealer bond vary and depend on the application credit history and...