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Tag: Used Auto Dealer Bond

Auto Dealer Surety Bond for Only $250*

Auto Dealer Bond Guide & Rates 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...

Used Car Dealer Bond - Requirement for all Auto Dealers.

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...