MVD Bond, DMV Bond, Motor Vehicle Bond, Dealer Bond, Auto Dealer Bond, RV Dealer Bond, Used Car Dealer Bond, Motorcycle Dealer Bond)

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A MVD Bond is required to obtain your dealer license for the state your dealership is in. The MVD Bond does not protect you or your business; it protects the consumer or state from fraud, misrepresentation or any other state statue referenced in the MVD Bond form.

   The MVD Bond amount varies from state to state The dealership cannot lower or raise the Surety bond amount as it is set by the state.

 

Applying for a Motor Vehicle Bond, Dealer Bond with a surety company is similar to applying for a loan. The surety will obtain a credit report, review business financials and personal financials. The reason for this is that the surety wants to make sure that if a loss occurs and the surety pays out on a claim that you will be able to pay back the surety for the loss incurred. Unlike insurance where the insurance company is indemnifying you, restoring you to the financial position you once where at, you are indemnifying the Surety Company. There are many different names for this Surety Bond some common names are Auto dealer bond and used car dealer bond they are all MVD bonds just different terminology. We have great MVD bond programs for the $25,000 Florida MVD Bond and also for the $50,000 California MVD Bond call for details