What is an Auto Dealer Surety Bond and Dealer Bond Cost?
Posted: January 30, 2022
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...
Auto Dealer Bond - Texas Auto Dealer License Guide.
Posted: March 29, 2020
Texas Motor Vehicle Dealer Bond Information The Texas Department of Motor Vehicles requires that all Texas auto dealers secure a surety bond in the amount of $50,000 for a 2 year period effective 10/1/2021 and the estinated rate starts from $329 for 2 year peiod based with prefered credit history. This is a licensing requirement in order to engage in vehicle sales in the state...
Auto Dealer Bond - Alaways Low Rates from $125
Posted: June 22, 2019
Auto Dealer Surety Bond Auto dealer bond also known as DMV bond, motor vehicle dealer bond. 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. Auto dealer surety 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...