What is an Auto Dealer Bond?
Posted: January 28, 2021
Motor Vehicle 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 bond, used car dealer...
How to get affordable auto dealer bond?
Posted: April 12, 2020
How to get an auto dealer bond at an affordable price? Car Dealer Bond Specialist Auto dealer surety bond as any other surety bond is a financial guarantee that is issued by the surety company to guarantee that this dealer will obey all the rules and regulations that are set by the State Department of Motor Vehicle guidelines. The dealer or the applicant's credit history...
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 - DMV Bond
Posted: September 2, 2019
Auto Dealer Bond - DMV 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...
Used Car Dealer Bond - Requirement for all Auto Dealers.
Posted: June 2, 2019
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...