Auto Dealer Bonds

Definition: These are types of surety bonds required by each state in order to ensure that auto dealers abide by the state’s respective rules and regulations. Auto Dealer Bonds are also referred to as DMV (Department of Motor Vehicle), MVD (Motor Vehicle Dealer) and “Used Car Dealer” Bonds.

Auto Dealer Bonds in the Present Market: For principals that meet the qualifications, good rates are available. However, in recent years, bond companies throughout the country have become increasingly conservative in regards to these types of bonds. Therefore, individuals with credit problems will likely have to settle for higher risk programs.

About Our Programs: Through business relationships with a number of bonding companies, we are able to write bonds for clients with good credit at very low rates. Additionally, our agency offers a number of high risk programs that can give us the opportunity to help clients with poor credit scores get bonded without any need for collateral to be required. If you are concerned about a low credit score, and would like more information on high risk programs, see our section on Bad Credit Surety Bonds. It is important to note that Bad Credit Surety Bond Programs are only offered for Commercial Bonds, such as Auto Dealer Bonds, and are not offered for Contract Bonds.