How To Save 500%+ On Your Auto Dealer Bond

Paying for your surety bond is often an unexpected expense for your dealership. There are a few ways to cut your auto dealer bond costs in half.

Take Care of Discrepancies

Your personal credit is the first thing that is looked at to determine your bond costs. Make sure to pay off any judgments, liens, collections or past due child support. If you have any of these outstanding items, the surety will view them as an increased surety credit risk and possibly as a negative reflection of how you will handle your dealership, raising your price. Keep in mind, the surety bond guarantees you will operate your business professionally and according to the law, and have negative items on your credit report does not support your case.

How to Get the Lowest Rates

Save on Costs and Time With the Right Bond Agency

Not all bond agencies are created equal. Make sure you choose the right agency, as larger agencies can generally negotiate flexible underwriting, which will translate to lower prices, a higher likelihood of approval and larger bond limits.

Also, only a few agencies in the entire country can provide true instant online bond quotes, while only a select few have the ability to approve bonds in house (avoiding extra waiting time to hear back from a surety company for an approval). As a small business owner, your time is very valuable, and as the old saying goes, "time is money".

Get Your Citizenship

Also, if you are not a U. S. citizen, it will benefit you to become one. As a U.S. citizen, it demonstrates that you are here for the long haul and plan on operating a successful dealership for years to come. If you don't have citizenship, you are automatically viewed as a high risk because you have no physical ties to the U.S. to keep you here to pay bond claims if they arise.

Save Money With Strong Experience and Financials

Make sure to run your business ethically and profitably. Strong business financials demonstrate that you know how to operate your business professionally, and lowers your likelihood of unethical business practices and bond costs.

It is also important to become an established and respected business with strong experience in the industry. A good reputation can go a long way for lowering your costs when you and your business are being reviewed by the surety company.


Eric is an industry expert that specializes in taking complex surety concepts and explaining them in terms that make sense to the general public. He also manages the JW Surety Bonds website and works with various partners to help further educate the public on suretyship using various mediums.

What our clients have to say

Paige Cotcamp
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Ulli Bisono
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Eric McMullen
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Hilda Morfi
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