Used Car Dealer Bond – Requirement for all Auto Dealers.
Posted by All State Bonds on
Used Car Dealer Bonds are typically called an MVD Surety 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 wrong doing or wrong actions by the dealer. Most states require auto dealers to carry a surety bond, which is a guarantee, in an amount and for a period that coincide with the dealer license which vary depending on the State the dealer is doing business in. Auto dealer surety bond ensures that the auto dealer operate according to the state rules and guidelines.
All State Bonds, Inc. offers used car dealer bond in over 30 States at a low and affordable rates and with a simplified
underwriting process so you can obtain your dealer bond on the same day..
Texas Auto Dealer Bond rate start from $250/2 years*
California Auto Dealer Bond rate start from $500/1 year
Car Dealer Bond is a Requirement by the State Licensing Departments. Surety Bond Limits Required are Different by each State as Shown Below.