Auto Dealer Bond Cost & License Requirments
Posted: July 2, 2023
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...
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...