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How much does an auto dealer bond cost in Washington, D.C.?
Washington D.C. auto dealer bond costs start at $437 for the district's required 2-year term. Your exact premium will be provided after a quick application review. Your official quote will cover the full 2-year term as required by the district. Apply online now to get your free, personal auto dealer bond quote!
How can I get a Washington D.C. motor vehicle dealer bond?
You can apply for your free Washington D.C. motor vehicle dealer bond quote online 24/7. You'll need to provide the following information for Department of Motor Vehicles approval.
- dealer/dealership name
- physical business location address
- type of vehicles sold (new or used)
- dealer license number, if available
Once your order has been processed, your official car dealer bond will be shipped to your preferred mailing address.
How fast can I get a vehicle dealer bond?
Our industry-leading technology and responsive customer service team allow us to offer free quotes and deliver your official Washington D.C. motor vehicle dealer bond faster than any other surety provider. The DMV requires your DC motor vehicle bond be physically issued and shipped to you, so choose overnight shipping during checkout if you're in a rush. Orders placed by 4 PM CST Monday-Friday are typically shipped same-day.
If you have questions about the Washington DC auto dealer bond or your application, call 1 (800) 308-4358 to speak with a friendly surety expert. We're here to guide you through the dealer bond process so you can get back to running your business.
What is the purpose of the District of Columbia auto dealer bond?
The Code of the District of Columbia Statute 50–603 requires individuals to file a $25,000 surety bond before being licensed as an automobile dealer to sell motor vehicles in the district. This bond protects members of the public from financial loss resulting from dealers who fail to conduct business according to D.C. laws or regulations. If the District of Columbia or any individual experiences a loss due to a dealer's legal or regulatory violation, the issuing surety company will pay valid claims up to the full $25,000 bond amount. The licensed dealer must then reimburse the surety company for claims paid.
Who regulates licensing for vehicle dealers?
The Washington, DC Department of Motor Vehicles oversees licensing for auto dealers, including the $25,000 surety bond requirement. If you have questions about the licensing process or the status of your application, you can contact the DC DMV by phone at 1 (202) 737-4404 or by email at [email protected].
How do I update or change my motor vehicle bond form?
If the Washington, DC Department of Motor Vehicles requires you to make any changes to your bond documentation, contact your surety company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes for this bond include the dealer/dealership name and the physical business location address.
How do you renew your District of Columbia auto dealer bond?
You should renew your D.C. auto dealer bond before the end of its current 2-year term. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be emailed to you to keep your bond active for the next 2-year term.
How do dealers apply for a motor vehicle dealer license in D.C.?
Submit your online dealership application with the following supporting documentation.
- clean hands self-certification
- basic business application
- occupancy permit
- proof of current insurance
- federal tax ID form
- copy of owner's state-issued ID
- copy of each salesperson's state-issued ID
- motor vehicle dealer bond
Call 1 (800) 308-4358 to talk with a Surety Expert today.