How much does an automobile broker bond cost in New York?
If you purchase, arrange or assist in the purchase of an automobile for a consumer, you are required to post a surety bond in the amount of $75,000.
This bond is subject to underwriting, meaning that the financial credentials of your credit report determines the amount you pay for your bond. Regardless of your credit report our surety specialist can get you the bond you need!
Low credit? Ask about our bad credit bonding program. Find out more about the bonding process by submitting a bond request form online. An automobile broker bond specialist will contact you and help walk you through the bonding process.
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Automobile Broker Bond||$75,000||Starts at $750||$3,000-6,000||$7,500+||Apply Now|
Give us a call at 1 (800) 308-4358 or apply for your bond here. We can typically deliver your free bond quote within 1 business day!
Why do I need this bond?
By posting a bond, the principal promises to conduct faithful and honest business in accordance with state laws. More specifically, this bond offers coverage for any claim which may arise.
Have any questions or concerns about this specific bond type? Get in touch with a bond expert today! Fill out a bond request or call 1 (800) 308-4358.
What’s the fine print?
All bonds will remain in full force unless voided.
How to become an automobile broker in New York
For information on what is needed for license approval, contact the Department of State Licensing Services.
Click here to apply for your free quote.
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