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How Much Does a New Hampshire Auto Dealer Bond Cost?
A New Hampshire auto dealer bond costs between $250 and $2,500. This is based on a required bond amount of $25,000. Through an authorized New Hampshire surety company, you can purchase an auto dealer bond at a premium.
The premium for an auto dealer bond in New Hampshire is between 1% and 10% of the required bond amount. The rate that you will receive is based on factors such as your industry experience, your liquid and fixed assets and your credit profile.
More than 99% of our applicants qualify for a bond. If your credit score is 700 or above, the bond rate will be 1% to 3%. If your score falls between 600 and 699, the bond rate will be 3% to 5%. If you have a lower credit score, your rate will be between 5% and 10%.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
New Hampshire Auto Dealer Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
How to Get a New Hampshire Auto Dealer Bond
1. Apply for Your Bond Online
By purchasing your New Hampshire surety bond from us, you can benefit from our streamlined process. To get started, take a few minutes today to fill out the online application.
Devon reached out to us recently to buy a bond for his new auto dealership. He filled out his application in minutes and was able to review the quote immediately. Devon used our online portal to pay the premium. Then, he quickly received his bond and finished applying for his dealer license.
2. Review Your Quote
As soon as you submit your application online, it will be processed. Most customers receive an immediate quote for their auto dealer bond. For complex applications that need further review, we will deliver a bond quote in 48 hours or less.
3. Pay the Premium Online
We accept online premium payments, so your bond purchase can be finalized quickly. After your payment is received, we will process your bond and email it directly to you. A copy can be mailed to you as well, if requested.
With over a decade of bond industry experience, we can help you buy your new auto dealer bond. For personalized help or answers to your questions, please contact us or call us at (877) 514-5146.
Auto Dealer Bond Requirements in New Hampshire
Auto dealers selling more than five vehicles in a 12-month period must register with the New Hampshire Secretary of State. Dealer license applications are processed by the New Hampshire Division of Motor Vehicles. The required auto dealer bond is $25,000.
Licenses are required for the sale of new and used vehicles and motorcycles. They are also needed for auto recyclers, wholesalers and utility dealers. The bond requirement is established by Title XXI, Chapter 261. The obligee is the Department of Public Safety Vision of Motor Vehicles.
How to Renew & Maintain Your Motor Vehicle Bond in New Hampshire
An auto dealer bond in New Hampshire is valid through the expiration date. However, the bond premium payment is due annually. Prior to the payment due date, we will contact you with renewal instructions. The dealer license renews on March 31 of every even-numbered year. The auto dealer license may be suspended if the bond is canceled for non-payment.
What Happens If Someone Files a Claim in New Hampshire?
To make a claim against your New Hampshire auto dealer business, the claimant must get in touch with your surety company directly. Once a claim is made, the surety company will research the claim. If the claim is unsubstantiated by an investigation, it will be denied.
If a claim is validated, the surety company will pay the claimant up to the bond’s penal sum. The dealer will then reimburse the surety company for the total amount of the claim.
How to Get Your Auto Dealer License in New Hampshire
Through our New Hampshire dealer license guide, you can learn more about the licensing process. Required documentation varies slightly based on the type of dealer license needed. The documentation may include:
- Application form
- $25,000 surety bond
- An established place of business
- Regular business hours of at least 37.5 hours per week
- Original Service Agreement
- Criminal background check
- Completion of a title/dealer class
- Business entity documents
- $125 application fee
For more information, contact:
New Hampshire Division of Motor Vehicles
23 Hazen Drive
Concord, NH 03305
Phone: (603) 227-4000
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What Our Clients Have To Say?
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!