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Determining Your Auto Dealer Bond Cost
Since licensing is handled at the state level, the cost of an auto dealer bond can vary significantly from state to state.
Select your state below for more information about auto dealer bonds in your area or call 1 (800) 308-4358 to speak with a surety expert.
Understanding Auto Dealer Bonding
Prior to receiving their motor vehicle dealer license, applicants typically have to provide a surety bond guaranteeing their dealership will comply with industry regulations. This type of license and permit bond goes by a variety of names from one state to another: automobile bond, car dealer bond, dealer bond, wholesale dealer bond, motor vehicle dealer bond, used car dealer bond, etc.
Regardless of the name, dealer bonds are used to protect consumers from fraud and other wrongful actions committed by dealerships and their employees. However, the exact protection an auto dealer bond provides depends on state and/or local laws.
If you’re ready to apply for your auto dealer bond, contact one of our surety specialists now! We can typically provide you with your free car dealer surety bond quote within one business day of receiving your application.
Looking for information on starting your dealership?
Our How to Get an Auto Dealer License blog post has all the information you need to start selling cars such as application requirements, fees, and why licenses are required of auto dealers.
Save Money on Your Auto Dealer Bond
Highly qualified applicants could pay just 1% of the total bond amount when purchasing an auto dealer surety bond from SuretyBonds.com. Your exact premium is determined by an underwriter, who will consider the following factors:
- Amount of the bond
- Duration of the bond
- Personal credit for all owners with 10% or more ownership in the business
SuretyBonds.com is a surety agency that works with several of the largest providers in the industry, meaning we shop your bond with multiple underwriters until we find you the lowest available rate.
Find out how much you can save on your auto dealer bond by getting your free, no-obligation quote today!
Don’t Let Bad Credit Stop You From Getting the Bond You Need
At SuretyBonds.com, we believe every applicant should get the bond they need regardless of credit history. For this reason, we established an exclusive Bad Credit Bonding Program to give those eligible access to underwriters who specialize in writing bonds for applicants with less-than-stellar credit scores.
Plus, qualified applicants can take advantage of our premium financing plan to break up their premiums into smaller, more manageable payments. Don’t let your financial situation keep you from getting the bond you need. Apply today!
Apply Today, Quickly & Easily!
Whether you're establishing a new car dealership or are looking for a better rate on your current surety bond, look no further! To speak with a surety specialist, call 1 (800) 308-4358 or submit an online contact form 24/7 in just two minutes. Upon receiving your application, one of our surety specialists will call you as soon as possible to discuss your auto dealer bond. We'll you get bonded quickly, easily and accurately for the lowest rate available.