Surety Bond Cost Calculator for Auto Dealers
Our surety bond calculator is always being upgraded with new bond types in all states added to it. If you don't see your bond listed yet, fill out our 1 minute no-obligation application or give us a call at 800-308-4358 and we'll give you the exact cost of your bond in minutes.
Not knowing how much money you need to budget for extra expenses can be a real headache when you're starting your own business. Licensing fees and other costs required for business registration can sneak up on you, and no new business owner wants to deal with hidden costs. The surety bond specialists at SuretyBonds.com don't want applicants to worry needlessly about how much they'll have to pay for their surety bonds.
SuretyBonds.com has developed a surety bond cost calculator to help relieve some of the worry and anticipation you might feel while budgeting for your new business. Rather than wait for a price quote for the surety bond you need, you can get an instant estimate of what your surety bond cost will be.
How the surety bond cost calculator works
Although it typically takes less than one business day for a surety bond specialist to get a price quote back to a client, the surety bond cost calculator gives auto dealers an immediate estimate of what the surety bond cost will be for their auto dealer bonds.
The surety bond calculator is easy to use. All you have to do is choose the state in which your bond will be executed. Some states only use one blanket auto dealer bond for all dealers while others have a few variations.
If your state regulates auto dealers differently based on the number of vehicles they expect to sell, you will be prompted to select the volume of sales for which you will be licensed. For example, you might have to tell the surety bond calculator that you will sell either 1-50 vehicles or 51 to 100 vehicles, etc.
After just a few seconds the surety bond calculator will calculate two price ranges. One is for applicants who have a credit score of 700 or higher; the other shows surety bond costs for applicants who have a credit score that is lower than 700.
Applicants' credit scores are a huge factor in determining their surety bond rate (or the price they will pay the surety to get the bond). As long as you have an idea of what your current credit score is, you'll be able to get an estimate of how much you should expect to pay for your auto dealer bond.
The costs calculated by the surety bond cost calculator are estimates based on typical underwriting processes. Actual surety bond costs will vary depending on an applicant's actual credit score and other financial histories.