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Mississippi Motor Vehicle Dealer Bond

How much does an auto dealer surety bond cost in Mississippi?

All new, used and wholesale motor vehicle dealers in the state of Mississippi are required to post a surety bond in the amount of $25,000. If a principal intends to conduct sales at multiple locations throughout the state, there is an existing option to post a blanket bond of $100,000 that covers all locations in one rather than bonding each separate dealership individually.

The amount you’ll pay for your Mississippi motor vehicle dealer surety bond depends directly on your application and financial credentials.

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Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Motor Vehicle Dealer Bond Individual business location $25,000 Starts at $250 $250-2,000 $2,000+ Apply Now
Motor Vehicle Dealer Bond Blanket bond $100,000 Starts at $1,000 $1,000-8,000 $8,000+ 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.

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. We’ll get you the bond you need quickly, easily and accurately.

Why do I need this bond?

Motor vehicle dealer surety bonds are required in the state of Mississippi to ensure that the principal (vehicle dealer) operates within the confines of the law and pays all taxes, licensing fees and penalties that may be required. By posting this bond, the vehicle dealer also promises not to mislead or deceive customers through false advertising or any other deceptive statements regarding the sale or financing of a vehicle. Failure to maintain this bond could result in the revocation of a dealer’s license.

In Mississippi, vehicle dealers must post surety bonds in order to be licensed, and our specialists here at SuretyBonds.com are dedicated to helping you secure the right bond for your business. Our experts and clear-cut bonding process make getting bonded quick and easy! Fill out a bond request form to get started.

What’s the fine print?

MS motor vehicle dealers must remain in compliance with all conditions and provisions stated in the Mississippi Motor Vehicle Commission Law as well as Section 62-21-13 of the Mississippi Code of 1972.

How to become an auto dealer in Mississippi

In addition to posting and maintaining a surety bond, auto dealers in Mississippi must complete the following steps in order to become registered:

  • submit an application for dealer tags on a form prescribed by the Commission
  • pay all mandatory application/filing fees

A link to the state’s full licensing requirements can be found in the “Important Links” section of this page.

If you’re ready to start the registration process and get bonded, contact a surety expert now!

Ready to get started?

Get a FREE Motor Vehicle Dealer Bond Quote Today!

Mississippi Motor Vehicle Commission - Bond of New Motor Vehicle Dealer

Recent Amendments Require All Mississippi Auto Dealers to Post $25,000 Surety Bond

Mississippi Motor Vehicle Commission - Initial Application

State of Mississippi Motor Vehicle Commission - Regulations

Department of Revenue. Motor Vehicle Regulations - Dealers

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