Nevada Vehicle Industry License Bonds Overview
- Purpose: To guarantee licensed professionals follow all state laws and regulations
- Who Needs It: Vehicle dealers, brokers, rebuilders, distributors, body shops and similar businesses
- Regulating Body: The Nevada Department of Motor Vehicles
- Bond Amount: $5,000–$100,000, based on license type
- Minimum Price: $100, or 1% of the bond amount
What Is a Nevada Vehicle Industry License Bond?
A Nevada vehicle industry license bond ensures that vehicle-related businesses uphold state standards. It is a form of financial security for the state and your customers.
If you buy, sell, or service vehicles in Nevada, you must be licensed and bonded with the Department of Motor Vehicles (DMV).
Bond Coverage Requirements for Nevada Vehicle Industry Licenses
The DMV sets your bond coverage requirement based on your license type. Standard car dealers typically need a $100,000 bond, which drops to $75,000 after two years in business.
| License | Bond Amount |
|---|---|
| Body Shop | $5,000 |
| Garage | $10,000 |
| Wrecker or Salvage Pool | $50,000 |
| Broker, Dealer, Rebuilder, Lessor, Distributor or Manufacturer | $10,000–$100,000* |
| Transporter | $100,000 |
*Your bond amount will depend on your operations and years in business:
- Utility or boat trailers with weighing up to 3,500 lbs: $10,000
- Off-highway vehicles, motorcycles, and utility trailers weighing 3,501+ lbs: $50,000
- Licensed dealers in business for 2+ years: $75,000
- Lessor: $80,000
- All other vehicle dealers: $100,000
How Much Do Vehicle Industry License Bonds Cost in Nevada?
Nevada vehicle industry license bonds start at $100, or 1% of the bond amount. For example, vehicle dealers could pay as low as $1,000 for the $100,000 bond.
- Garage and body shop bonds cost a flat rate $100 for a one-year term.
- For all other vehicle industry and dealer bonds, qualified applicants often pay just 1–2% of the bond amount.
Apply now to get your free quote. We’ll run a soft credit preview to determine your personalized rate.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Nevada Vehicle Dealer Bond Work?
A Nevada vehicle industry license or dealer bond is a legal contract between these three parties.
| Bond Party | Description |
|---|---|
| Principal | The license applicant purchasing the bond |
| Obligee | The Nevada Department of Motor Vehicles requiring the bond |
| Surety | The issuing surety provider |
By filing this bond, you promise to uphold all applicable state laws. This includes:
- Conducting business ethically
- Accurately representing the condition of a vehicle
- Handling consumer funds properly
If you violate these terms, harmed parties can file claims against your bond. The surety will pay valid claims up to the full bond amount, but you must reimburse the surety.
How Do I Get a Dealer Bond in Nevada?
Getting a Nevada dealer license bond is simple! If your bond is available for instant purchase, you can check out in just minutes.
If your bond requires underwriting, we’ll run a soft credit check and send you a quote within one business day.
Once you pay for your bond, we’ll mail you the physical bond form. Be sure to file it with the DMV as instructed.
How Fast Can I Get My Bond?
Need your bond as soon as possible? We offer overnight, two-day or three-day shipping. Rates are $20–$40, respectively.
Can I Get Bonded With Bad Credit?
Yes, you may still be able to get bonded with bad credit. However, poor credit will likely increase your premium rate. Apply for a free quote to see how credit impacts your cost.
How Do I Renew My Dealer or Body Shop Bond?
All Nevada vehicle industry bonds expire annually. We’ll send you reminders by phone and email starting 90 days before expiration. To renew, simply pay the attached invoice.
Can I Make Changes to My Bond?
If you need to make changes to your bond form, email [email protected] with the new information. We’ll issue a bond rider if possible. Be sure to file this form with the DMV.
How to Get a Vehicle Industry License in Nevada
The Nevada DMV licenses all vehicle industries in the state. No matter your business type, follow these steps to apply for a license:
- Register your business with the state and get a city or county business license.
- Complete the business license application packet and all other relevant forms found on the DMV website.
- Submit one set of fingerprints for each principal listed on your application.
- Purchase a surety bond in the required amount for your license type.
- Get an automobile liability coverage policy.
- Undergo a site inspection.
Most licenses expire annually on the date of issuance. Renew online through the Motor Vehicle Industry License Portal.
Getting Your Dealer License? Learn more about how to become a Nevada vehicle dealer in our step-by-step guide.
How Much Does it Cost to Get a Dealer License in Nevada?
You can expect to pay at least $1,264 to get a vehicle industry license in Nevada. This includes the following upfront fees:
| Fee | Amount |
|---|---|
| Surety Bond | $100+ annually |
| License Fee | $125 |
| Fingerprinting | $39 |
| Automobile Liability Coverage | $1,000–$10,000+ annually* |
*Your bond and insurance costs will vary based on your license type. You may need higher insurance coverage if you own a larger dealership or body shop.
