Auto Dealer Surety BondApply for Auto Dealer Surety Bond now
American Surety Bonds Agency, LLC provides simplified and fast underwriting for Auto Dealer Bonds in all states.
Other names for Auto Dealer bonds:
- Used Car Dealer Bond
- Motor Vehicle Dealer Bond
- Dismantler Bond
- Franchise Bond
What is an Auto Dealer Bond?
An Auto Dealer Bond guarantees that the Principal will comply with state laws, rules and/or regulations regarding the sale of vehicles whether new or used.
An Auto Dealer Bond is a state bond. States that require an auto dealer bond require the Principal to have a bond in place in order obtain their state license to sell motor vehicles.
The bond amount and expiration date vary by state.
What are the underwriting guidelines?
Auto Dealer Bonds are underwritten on the following criteria:
- Applicant’s Credit History
- Bond Amount
- Business and Personal Net Worth
- Length of Time in Business
- Guarantee of the Obligee
How much does the bond cost?
American Surety Bonds has a number of programs in place for Auto Dealer Bonds. Our 5-tiered program starts at less than 1% of the bond amount with competitive rates for all applicants.
Contact us today to find out which program you qualify for.
How do I apply for an Auto Dealer Bond?
To apply for an Auto Dealer Bond, simply complete the bond application. Click here to download application our application and e-mail, fax or mail your application back to us to get started. Or, give us a call and we will be happy to get you started. Apply today, Approved Today!
Who can I contact for more information?
MM, Senior Underwriter