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 License Guide and Dealer Bond Cost
Posted: January 22, 2022
Motor Vehile Dealer Bonds and Licensing Motor vehicle dealers are required to post a Texas Motor Vehicle Dealer Bond as part of the process to license the dealership. The amount of the bond depends on what type of vehicles are to be sold and the State you are doing business in. Rates for the dealer bond vary and depend on the application credit history and...
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...