DEALER SURETY BOND
American Surety Bonds Agency, LLC provides simplified and fast underwriting for Dealer Bonds in all states.
What is an Dealer Bond?
A Dealer Bond guarantees that the Principal will comply with state laws, rules and/or regulations regarding the sale of vehicles whether new or used.
A Dealer Bond is a state bond. States that require a Dealer bond require the Principal to have a bond in place in order obtain their state license to sell motor vehicles.
A Dealer bond is many different things to many different dealers and can encompass a variety of vehicles such as mobile homes, watercraft, recreational vehicles, trailers and more.
The bond amount and expiration date vary by state.
Other names for Dealer bonds:
- Auto Auctioneer Bond
- Boat Dealer Bond
- Dismantler Bond
- Electronic Records Access Bond
- Franchise Dealer Bond
- Ignition Interlock Installer Bond
- Mobile Home Dealer Bond
- Motor Vehicle Dealer Bond
- Motorcycle Dealer Bond
- Recreational Vehicle Dealer Bond
- Third Party Vendor Bond
- Trailer Dealer Bond
- Used Car Dealer Bond
- Watercraft Dealer Bond
- Yacht Dealer Bond
- Yacht Salesperson Bond
What are the underwriting guidelines?
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 Agency has a number of programs in place for Dealer Bonds. Our 5 tiered programs start 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 a Dealer Bond?
To apply for a 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
Are there any other bonds I might need?