Auto Dealer Bonds
What is a Auto Dealer Bond?
Auto dealer surety bonds are required to guarantee the dealer operates per the terms of the state (see state specific rules and regulations). They are also referred to as a DMV bond, used car dealer bond, and MVD bond.
Current Market: The surety bond industry has become more conservative when reviewing motor vehicle dealer bonds. Lower rates are still available for those who qualify, but those with sub-par credit are being forced into high risk programs.
Special Programs: We offer specialty high risk programs which allow us to write clients that have credit issues with no collateral required. Our bulk volume allows our agency to offer lower rates for high risk applicants than our competition. We also have multiple sureties that have a strong appetite for auto dealers in good standing, allowing us to write them at the lowest possible rates.
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