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Tag: Dealer Bond Cost In New Mexico

Auto Dealer Bond Cost & License Requirments

What is an Auto Dealer 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 Dealer Bond Requirements? Department of Motor Vehicles requires that all auto dealers to secure a...