South Carolina Motor Vehicle Dealer and Wholesaler Bond

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How much does a South Carolina motor vehicle dealer and wholesaler bond cost?

South Carolina motor vehicle dealer and wholesaler bond costs start at $150 for the state-required 1-year term. Your exact premium will be provided after a quick application review based on which license you need. Apply now to get your free quote!

Licensees applying for a Wholesale Auto Auction, Motorcycle Dealer, or Motorcycle Wholesaler Bond need a $15,000 bond amount.
Licensees applying for a Motor Vehicle Dealer, Travel Trailer Dealer, or Wholesaler Bond need a $30,000 bond amount.

How do I get a motor vehicle dealer bond in South Carolina?

You can apply for your South Carolina dealer bond online 24/7. You must provide the following information for Department of Motor Vehicles approval.

dealership name
business location
dealer license number, if available

You'll receive your official auto dealer surety bond by email once your order has been processed.

How fast can I get a dealer or wholesaler bond?

Our industry-leading technology and responsive customer service team allow us to offer free quotes and deliver your official South Carolina vehicle dealer bond faster than any other surety provider. Orders placed by 4 PM CST Monday-Friday are typically processed with same-day emailed bond delivery.

If you have questions about the auto dealer/wholesaler bond or your application, call 1 (800) 308-4358 to speak with a friendly surety expert. We're here to guide you through the vehicle bond process so you can get back to running your business.

Bond Type

Bond Amount

Cost

$15,000Motor Vehicle Dealer and Wholesaler BondWholesale Auto Auction, Motorcycle Dealers, or Motorcycle Wholesalers

$15,000

Starts at $150

Apply Now

$30,000Motor Vehicle Dealer and Wholesaler BondAll Dealers, Wholesalers, Or Travel Trailers

$30,000

Starts at $150

Apply Now

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What is a South Carolina motor vehicle dealer and wholesaler bond?

South Carolina Code of Laws Section 56-15-570 requires any South Carolina auto dealer or wholesaler applying for licensure to file a $15,000 or $30,000 surety bond. Form #DLA-1B is officially titled the “Motor Vehicle Dealer and Wholesaler Bond” and requires the licensed principal to follow the South Carolina Code of Laws when operating their business. The bond specifically protects motor vehicle owners aggrieved by dealer or salesperson fraud, misrepresentation, and other violations during motor vehicle sales and transfers.

Apply for your SC Motor Vehicle Dealer and Wholesaler Bond now!

Why is the South Carolina dealer and wholesaler bond required?

By filing this bond, South Carolina auto dealers agree to abide by the state laws that regulate vehicle sales. If they fail to do so, their issuing surety company will pay valid claims up to the full $15,000 or $30,000 bond amount, which they must then reimburse.

Who regulates licensing for vehicle dealers and wholesalers?

The South Carolina Department of Motor Vehicles oversees dealer licensing requirements for the state. If you have questions about which bond amount you need, your license application, or the status of your dealer license, you can contact the SCDMV by calling 1 (803) 896-2611 or by filling out the contact form on their website.

How do I update or change my auto dealer bond form?

If the Department of Motor Vehicles requires you to make any changes to your 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 are the dealership's name or address.

How do I renew my motor vehicle dealer or wholesaler bond?

You must renew your South Carolina auto dealer and wholesaler bond before the end of its current 1-year term. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be emailed to you to keep your bond active for your next license term.