Understand the required obligation.
Motor vehicle dealer bonds may be required for franchised, independent, wholesale, used-car, motorcycle, recreational-vehicle, or other dealer licenses. Requirements differ by state and license type.
Common uses
- New and used motor vehicle dealer licenses
- Wholesale dealer licenses
- Motorcycle or recreational-vehicle dealer licenses
- Renewal or replacement bond filings
Information to prepare
- Dealer legal name and DBA
- Business and mailing address
- State dealer license type
- Required bond amount
- Owner information and effective date
Frequently asked questions
Is an auto dealer bond the same as garage insurance?
No. A dealer bond supports a licensing obligation. Garage liability, dealers open lot, garagekeepers, cyber, crime, and other insurance address different exposures.
Can I purchase the dealer bond online?
Eligible bonds may be purchased and issued online after the required application and underwriting steps.
Bond descriptions are general. Availability, underwriting, pricing, indemnity, collateral, form, and delivery vary. The application and issued bond control.