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Tennessee
Motor Vehicle Auction Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $50,000
Term Length: 1 year
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Tennessee Motor Vehicle Auction Bond Guide

If you’re applying for a motor vehicle auction license in Tennessee, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure licensed auction dealers operate honestly and uphold state laws
  • Who Needs It: Auction motor vehicle dealers in Tennessee 
  • Regulating Body: The Tennessee Motor Vehicle Commission
  • Required Coverage: $50,000
  • Premium Rate: $500–$5,000, credit-based

Learn all about the bond requirements and process in this guide.

What Is a Tennessee Motor Vehicle Auction Bond?

A Tennessee motor vehicle auction bond holds auction dealers responsible for operating honestly and legally. 

The Tennessee Motor Vehicle Commission (MVC) requires this bond as part of the licensing process for all auction vehicle dealers in the state. 

How Much Do Motor Vehicle Auction Bonds Cost?

Tennessee motor vehicle auction bonds cost a small percentage of the $50,000 coverage amount, typically $500–$5,000.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$50,000Motor Vehicle Auction Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Tennessee motor vehicle auction bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with the MVC as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Tennessee Motor Vehicle Auction Bond Work? 

A motor vehicle auction bond creates a legal contract between these three parties: 

  1. Principal: You, the auction vehicle dealer filing the bond
  2. Obligee: The Tennessee Motor Vehicle Commission requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Tennessee (Rule 0960-1-.16) and 

TN Code § 55-17-102. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire on June 30 of odd-numbered years. To renew your motor vehicle auction bond, simply pay your renewal invoice when prompted. 

After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage. 

More Resources

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