Auto Dealer & Motor Vehicle Dealer Bond
What is a Auto Dealer & Motor Vehicle Dealer Bond?
An Auto Dealer & Motor Vehicle Dealer Bond is a type of License & Permit bond that ensures that auto dealers comply with state regulations and act ethically in their business dealings.
Protects consumers from financial loss due to unethical or fraudulent practices by auto dealers.
Required by state governments for auto dealers to operate legally and maintain professional standards.
Applicant’s personal or business information, credit history, bond amount, and auto dealer license details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
