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Hawaii Motor Vehicle Dealer Bond

How much will my Hawaii motor vehicle dealer bond cost?

The Motor Vehicle Industry Licensing Board of Hawaii requires all motor vehicle dealers to post a bond prior to engaging in business. This bond has a varying amount. Bond amounts are determined by:

  • the type of vehicles sold
  • the amount of vehicles sold

Bond amounts for new vehicle dealers:

  • $200,000 - if you annually sell 10 or more new vehicle units per month
  • $50,000 - if you annually sell less than 10 new vehicle units per month

Bond amounts for used motor dealers:

  • $100,000 - if you annually sell 60 or more motor units per month
  • $25,000 - if you annually sell 60 or more motor units per month

Motorcycle and motor scooter dealers must attain a bond in the amount of $10,000.

This specific bonds type is subject to underwriting. This means that bond premiums are based on the applicants personal credit report. Bad credit? No problem! We offer a bad credit program specifically for you! Contact an agent for more information.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Motor Vehicle Dealer Bond sell 10+ new vehicle units a month $200,000 Starts at $2,000 $8,000-16,000 $20,000+ Apply Now
Motor Vehicle Dealer Bond sell less than 10 new vehicle units a month $50,000 Starts at $500 $2,000-4,000 $5,000+ Apply Now
Motor Vehicle Dealer Bond sell 60+ used vehicle units a month $100,000 Starts at $1,000 $4,000-8,000 $10,000+ Apply Now
Motor Vehicle Dealer Bond sell less than 60 used vehicle units a month $25,000 Starts at $250 $1,000-2,000 $2,500+ Apply Now
Motor Vehicle Dealer Bond motor scooter and motorcycle dealers $10,000 Starts at $100 $400-800 $1,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

No matter your credit score, our surety specialists will find you the lowest rates available for your specific needs. Fill out a bond request to receive your quote within one business day.

Why do I need this bond?

HI motor dealer bonds exist to protect customers from fraud in connection with the purchasing, negotiating and selling of motor vehicles. By posting a bond, motor vehicle dealers agree to abide by all rules and provisions of Chapter 437 of the Hawaii Revised Statutes.

Obtain your personalized quote by sending a bond request.

What’s the fine print?

Bonds may be canceled by the surety if a cancellation notice is submitted in writing to the State of Hawaii and the principal 30 days prior to the given cancellation date.

How to become a motor vehicle dealer in Hawaii

Dealers must be licensed prior to conducting business. Applications must be accompanied by the following documents:

  • self-inspection report
  • photographs of your buildings display
  • rental or lease agreement
  • surety bond
  • financial statement
  • appropriate fees
  • and more

All licenses are subject to a biennial renewal. Licenses must be renewed by June 30 of even-numbered years.

Don’t wait to sell motor vehicles! Apply for your bond today! To connect with a surety expert, click here.

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Motor Vehicle Dealer or Auction Applicant Requirement Table

Bond Form - Motor Vehicle Dealer License

Motor Vehicle Dealer’s Financial Statement

Chapter 437 Motor Vehicle Industry Licensing Act

Department of Commerce and Consumer Affair Professional & Vocational Licensing

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