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Virginia Motor Vehicle Dealer Bond

How much does a $50,000 auto dealer bond cost in Virginia?

Motor vehicle dealer bonds can be issued for as low as 1% of the bond amount ($500). These bonds are required by the Virginia Department of Motor Vehicles in order to conduct business in the state. At Suretybonds.com, we use a nationwide network of underwriters to help determine what you’re rate will be.

Ready to get started? Request a free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Motor Vehicle Dealer Bond $50,000 Starts at $500 $500-2,500 $1,500+ 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.

Call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form now. Our experts can typically provide no-strings-attached surety bond quotes within 1 day of submitting your application.

Why do I need this bond?

Virginia motor vehicle dealer surety bonds ensure that principals (auto dealers) conduct business according to the provisions of Chapter 15, Title 46.2 of the Virginia Code. Specifically, the bond protects any person who suffers financial loss as a result of the principal’s or the principal’s employees’ unethical and unlawful business practices.

Getting bonded is easy when you work with the experts at SuretyBonds.com! Request your free bond quote now!

What’s the fine print?

MVD bonds in Virginia remain in full force and effect until violated by the principal or canceled by the surety. The surety can cancel the bond at any time by giving written notice to the Motor Vehicle Dealer Board 30 days prior to the effective date of termination.

The bond does not automatically expire with the dealer’s license, but instead continues indefinitely from license term to license term.

How to become a motor vehicle dealer in Virginia

To become a licensed auto dealer in Virginia, applicants must:

  • satisfy all zoning requirements in the chosen location
  • have sales, service and office space devoted exclusively to the dealership of at least 250 square feet in a permanent, enclosed building not used as residence
  • maintain all records required by 46.2-1529 of the Code of Virginia
  • pay all required fees
  • secure a $50,000 surety bond
  • pass the required dealer test administered at the local Department of Motor Vehicles, Customer Service Center

Begin the licensing process by purchasing the surety bond you need.

Ready to get started?

Get a FREE Auto Dealer Bond Quote Today!

Additional Resources

Motor Vehicle Dealer Board Motor Vehicle Dealer Bond Form

Virginia Motor Vehicle Dealer Board

Virginia Motor Vehicle Dealer Bond How To Become A Car Dealer In The Commonwealth of Virginia Dealer Licensing Process

Commonwealth of Virginia Department of Motor Vehicles and Motor Vehicle Dealer Board Motor Vehicle Dealer License Application for Initial License or Renewal

Department of Motor Vehicles Application for Certificate of Qualification/Salesperson’s License

Code of Virginia Title 46.2, Chapter 15: Motor Vehicle Dealers

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