AUTO DEALER BONDS
  • Experts in bonding Auto Dealers
  • Excellent rates in all 50 states
  • Fastest way to get your Dealer Bond
  • Bad credit? No problem!
Lance Surety writes more Auto Dealer Bonds than any other type of bond, so our staff is experienced with each state’s specific requirements. Due to strong relationships with many top bonding companies, we offer exclusive programs to dealers throughout the nation at prices that cannot be matched. Quoting and issuing bonds directly out of our office helps make Lance Surety the fastest way for a dealer to get bonded. Our low prices combined with our outstanding customer service will ensure you a hassle-free bonding experience!

AUTO DEALER BONDS BY STATE

Select a state from the US Map

 

QUESTIONS ABOUT DEALER BONDS

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How does an auto dealer become licensed and bonded?

Dealer license and bond requirements are established by the obligee, which is usually a state’s Department of Motor Vehicles (DMV). The first thing a new applicant should do is contact their state’s DMV to gather information about the state’s current licensing requirements. Most states provide detailed checklists on their websites designed to simplify the process.

For learn more about dealer bonds in each state, select a state from the interactive US Map above. Our AUTO DEALER BONDS BY STATE guide allows users to view MVD bonding requirements for all 50 states, and provides other useful information such as bond amounts and obligee information.

How do I get my dealer bond?

First apply on our website for a free quote. After your application is approved, your bond agent will let you know how much your bond premium will cost and give you a formal agreement with a bonding company. Once you pay your premium and sign the contract, you will receive your bond.

To learn more about the bonding process, view our page on How To Get Bonded.

How much does an auto dealer bond cost?

Surety Bond Costs are based almost solely on the credit profile of the business owners. In most cases, applicants pay annual premium, which is a percentage of the bond amount. Dealers with excellent personal credit typically pay between 1 to 3% of the bond amount. However, customers with damaged are usually required to pay more. Bad credit programs range between 5 to 15% of the bond amount.

If I have bad credit, how can I lower my rate?

While our agency offers instant online quotes based solely on owner personal credit, it is possible to lower your bond rate by providing additional information. For example, if you have strong liquid assets and can provide cash verification, that could be used to strengthen your application. Strong business and personal financial statements can also be considered in determining your rate.

Can I use my dealer bond for multiple states?

No. Each state has their own motor vehicle dealer bond requirements. If you own dealerships in multiple states, you’ll be required to be both licensed and bonded in each state with which you are operating in. Be sure to check with the obligee in each state to ensure you are operating in compliance with their respective auto dealer regulations, or contact our agency with any questions.

How do I renew my car dealer bond?

If you become bonded with Lance Surety, you will be notified about your bond renewal up to 3 months prior to the bond’s expiration date. We will provide you with the renewal invoice, which includes your renewal premium along with the payment due date. Our staff contacts all customers via US Mail, fax, email and follow up phone calls to make sure you are well aware of the pending due date for payment. As long as you pay your renewal premium by the due date, your bond will be renewed by the surety for another term.

What is a dealer bond rider?

Bond riders are simply changes to the original bond. They may include a company name change, business address change or an adjustment to the term dates. If after submitting the original bond to the obligee you are notified that a rider is required, contact your agent to have one processed immediately.

How are bond claims handled for auto dealers?

Remember, surety bonds are not insurance, but instead are more similar to a line of credit. While insurance claims are commonplace and even expected, you must take every action possible to avoid claims against your surety bond. A bond claim paid out by the surety will make it difficult for you to become bonded again in the future. Furthermore, as a bonded principal you will be required to reimburse the surety in the event that a claim is paid out. If you become aware of a possible claim, take action to resolve the situation and contact the surety’s claims department for assistance.



COMPLETE LIST OF MVD BOND REQUIREMENTS


BOND TYPE

OBLIGEE

Alabama Bond of Automotive Dismantler & Parts Recycler Bond Alabama Department of Revenue
Alabama Bond of Designated Agent Alabama Department of Revenue
Alabama Manufactured Housing Commission (AMHC) License/Permit Bond Alabama Manufactured Housing Commission
Alabama New Motor Vehicle Dealer Bond Alabama Department of Revenue, Sales, Use & Business Tax Division
Alabama Used Motor Vehicle Dealer, Reconditioner, Rebuilder, or Wholesaler Bond Alabama Department of Revenue
Alaska Motor Vehicle Dealer’s/Buyer’s Agent Bond Alaska Division of Motor Vehicles
Arizona Vehicle Dealer Bond Dealer Licensing Unit, Motor Vehicle Division
Arizona Manufactured Home Dealer License Bond Department of Fire, Building and Life Safety
Arkansas New Motor Vehicle Dealer Bond Arkansas Motor Vehicle Commission
Arkansas Used Motor Vehicle Dealer Bond Arkansas State Police, Special Services Section
California Dealer Surety Bond (Retail) State of California, Department of Motor Vehicles
California Surety Bond of Wholesale-Only Dealer State of California, Department of Motor Vehicles
California Commercial Requester Account Bond State of California, Department of Motor Vehicles
California Registration Service Surety Bond State of California, Department of Motor Vehicles
California Vehicle Verifier Surety Bond State of California, Department of Motor Vehicles
California Business Partner Automation Surety Bond Registration Operations Division
California Surety Bond of Motorcycle or All-Terrain Vehicle Dealer State of California, Department of Motor Vehicles
Colorado Bond of Motor Vehicle Buyer Agent Department of Revenue, Auto Industry Division
Colorado Bond of Motor Vehicle Dealer Department of Revenue, Auto Industry Division
Colorado Bond of Used Motor Vehicle Dealer or Wholesaler Department of Revenue, Auto Industry Division
Connecticut Registration Issuance Bond for Motor Vehicle Dealer Department of Motor Vehicles, Dealers and Repairers Division
Connecticut Motor Vehicle Dealer Bond Department of Motor Vehicles, Dealers and Repairers Division
District of Columbia Motor Vehicle Dealer Bond Department of Consumer & Regulatory Affairs
District of Columbia Repair Dealer Bond Department of Consumer & Regulatory Affairs
Florida Franchise Motor Vehicle Dealer Bond State of Florida
Florida Mobile Home Dealer Bond Department of Highway Safety & Motor Vehicles
Florida Motor Vehicle Dealer Bond Department of Highway and Motor Vehicles – Division of Motor Vehicles
Florida Recreational Vehicle Dealer Bond Department of Highway and Motor Vehicles – Division of Motor Vehicles
Georgia Used Motor Vehicle & Parts Dealer Bond State Board of Registration – Used Motor Vehicle
Hawaii Motor Vehicle Dealer Bond Motor Vehicle Industry Board – Department of Commerce and Consumer Affairs – PVL Licensing Branch
Idaho Vehicle or Vessel Dealer Bond Transportation Department
Illinois Designated Agent Bond Secretary of State – Vehicle Services Department
Indiana Auto & Mobile Home Dealers (Used Only, No New) Bond Bond State of Indiana Dealer Division
Indiana Vehicle Merchandising Bond Indiana Secretary of State Dealer Division
Indiana Vehicle Merchandising Certificate Bond Bond Indiana Secretary of State Dealer Division
Iowa Motor Vehicle Dealer Bond Department of Transportation
Kansas Motor Vehicle Dealer Bond Department of Revenue – Division of Vehicles – Dealer Licensing Bureau
Kentucky Motor Vehicle Dealer Bond Motor Vehicle Commission
Louisiana Motor Vehicle Dealer Bond Recreational and Used Motor Vehicle Commission
Maine Motor Vehicle Dealer Bond Bureau of Motor Vehicles – Dealer and Agent Services
Maryland Boat Dealer Bond Dept of Natural Resources, Licensing & Registration
Maryland Vehicle or Trailer Dealer Bond Motor Vehicle Administration
Massachusetts Car Dealer Bond Each City in MA
Massachusetts Used Car Dealer Bond Each City in MA
Michigan Motor Vehicle Dealer Bond Department of State
Michigan Uniform Vehicle Dealer Bond Department of State
Minnesota Manufactured Home Dealer Bond Minnesota Department of Labor and Industry
Minnesota Motor Vehicle Dealer Bond Department of Public Safety – Driver and Vehicle Services
Mississippi Designated Agent Bond Department of Revenue
Mississippi New Motor Vehicle Dealer Bond Motor Vehicle Commission
Missouri Motor Vehicle Dealer Bond Motor Vehicle Bureau – Dealer Licensing Section
Montana Motor Vehicle Dealer Bond Title and Registration Bureau
Nebraska 25K Motor Vehicle Dealer Bond Motor Vehicle Industry Licensing Board
Nebraska 50K Motor Vehicle Dealer Bond Motor Vehicle Industry Licensing Board
Nevada Motor Vehicle Dealer Bond Occupational and Business Licensing
New Hampshire Motor Vehicle Dealer Bond Division of Motor Vehicles – Dealer Licensing Bureau
New Jersey Motor Vehicle Dealer Bond Division of Motor Vehicles – Dealer Licensing Bureau
New Mexico Vehicle Dealer or Auto Recycler Bond Motor Vehicle Division
New York Motor Vehicle Dealer Bond Department of Motor Vehicles
North Carolina Manufactured Housing Dealers Bond Dept of Insurance Division of Motor Vehicle
North Carolina Motor Vehicle Dealer Bond Division of Motor Vehicles – License & Theft Bureau
North Dakota Mobile Home Dealer Bond Department of Transportation
North Dakota Motor Vehicle Dealer Bond Department of Transportation – Motor Vehicle Division
Oklahoma Used Motor Vehicle Dealer Bond Used Motor Vehicle and Parts Commission
Oklahoma Used Trailer, Automobile, Merchandise Salvage or Secondhand Auto Parts and Accessories Dealer Bond The City of Oklahoma City-Licensing Division
Oregon Dismantler or Rebuilder of Vehicles Bond Department of Transportation – Driver and Motor Vehicle Services
Oregon Manufactured Structures Dealer Bond Bond Department of Consumer & Business Services
Oregon Motor Vehicle Dealer Bond Department of Transportation – Driver and Motor Vehicle Services
Oregon Motorcycles, Mopeds, Snowmobiles, ATV Bond Dept of Transportation Driver and Motor Vehicle Se
Pennsylvania Dealer/Agent/Messenger/Salvor Bond Department of Transportation – Bureau of Motor Vehicles – Dealer Registration Section
Pennsylvania New, New & Used, Auto, & Mobile Home Dealers Bond Dept of Transportation
Pennsylvania PA MVD – Full Agent Bond DOT Bureau of Motor Vehicles
Rhode Island Dealer’s License Bond Division of Motor Vehicles – Dealer’s License & Regulations Office
South Carolina Motor Vehicle Dealer Bond Department of Motor Vehicles – Dealer Licensing & Audit Unit
South Dakota Vehicle Dealer Bond Division of Motor Vehicles
Tennessee Dealer of Manufactured Homes Bond Motor Vehicle Commissioner
Tennessee Motor Vehicle Auction Bond Motor Vehicle Commission
Tennessee Motor Vehicle Dealer Bond Motor Vehicle Commission
Texas Motor Vehicle Dealer Bond Department of Transportation – Motor Vehicle Division
Utah Motor Vehicle Dealer, Crusher, Body Shop Bond Motor Vehicle Enforcement Division
Vermont Motor Vehicle Dealer Bond VT DOT – Agency of Transportation
Virginia Motor Vehicle Dealer Bond Motor Vehicle Dealer Board
Virginia Motorcycle, Trailer or T&M Vehicle Dealer Bond Department of Motor Vehicles
Washington Motor Vehicle Dealer Bond Department of Licensing
Washington Vehicle, Vessel, Vehicle Manufacturer, Bond Department of Licensing
West Virginia Motor Vehicle Dealer Bond Division of Motor Vehicles – Dealer Services
Wisconsin Motor Vehicle Dealer Bond Department of Transportation
Wyoming Motor Vehicle Dealer Bond Department of Transportation – Motor Vehicle Services – Licensing & Titling