Fast, reliable surety bond solutions to satisfy your state motor vehicle licensing requirements.
A motor vehicle dealer bond is a legal guarantee required by state licensing boards to ensure dealerships adhere to state laws, handle titles properly, and remit sales taxes. Unlike standard insurance, surety bonds guarantee repayment to the surety if a valid consumer or state claim is paid.
Bond pricing relies heavily on the owner’s personal credit score and state license type, with annual premiums typically starting between one and three percent of the total bond ceiling. Maintaining your bond and garage policy with a single agency simplifies licensing renewals across multiple states.
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