Motor Vehicle Dealer Bond Amount PDF

Motor Vehicle Dealer Bond Requirements
Alabama Motor Vehicle Dealer Bond
All dealers need to get a $25,000 bond
Alaska Motor Vehicle Dealer Bond
New and used motor vehicle dealers: $50,000 bond
Motorcycle dealers: $25,000 bond
Arizona Motor Vehicle Dealer Bond
New and used vehicle dealers: $100,000 bond
Title service companies, brokers, and wholesale dealers: $25,000 bond
Vehicle recyclers: $20,000 bond
Arkansas Motor Vehicle Dealer Bond
New vehicle dealers: $50,000 bond
Used vehicle dealers, wholesale dealers, or auction dealers: $25,000 bond
California Motor Vehicle Dealer Bond
New and used vehicle dealers: $50,000 bond
Motorcycle, ATV, and wholesale-only dealers: $10,000 bond
Colorado Motor Vehicle Dealer Bond
All dealers need to get a $50,000 bond
Connecticut Motor Vehicle Dealer Bond
All dealers need to get a $50,000 bond
Delaware Motor Vehicle Dealer Bond
All dealers need to get a $25,000 bond
District of Columbia Motor Vehicle Dealer Bond
All dealers much have a $25,000 bond
Florida Motor Vehicle Dealer Bond
Recreational vehicle dealers: $10,000 bond
All other dealers: $25,000 bond
Surety Solutions LLC | 866-722-9239 | [email protected]
Laws, regulations and bond amounts are subject to change. We will try to update this PDF as often as possible.
Last updated May 2017.
Georgia Motor Vehicle Dealer Bond
Used vehicle dealers: $35,000 bond
Used parts dealers: $10,000 bond
Hawaii Motor Vehicle Dealer Bond
Motorcycle dealers need a $10,000 bond
Vehicle dealer bond amounts are based off vehicles sold (or expected to sell) in 1 month:
Less than 10 new vehicles in a month need a $50,000 bond
More than 10 new vehicles in a month need a $200,000 bond
Less than 60 used vehicles in a month need a $25,000 bond
More than 60 used vehicles in a month need a $100,000 bond
Idaho Motor Vehicle Dealer Bond
New and used vehicle dealers: $20,000 bond
Motorcycle, ATV, and snowmobile dealers: $10,000 bond
Wholesale dealers: $40,000 bond
Illinois Motor Vehicle Dealer Bond
All dealers must have a $20,000 bond
Indiana Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
Iowa Motor Vehicle Dealer Bond
All dealers must have a $75,000 bond
Kansas Motor Vehicle Dealer Bond
All dealers must have a $30,000 bond
Kentucky Motor Vehicle Dealer Bond
Motor vehicle dealers might be required to submit a bond with their license application. This bond could
be up to $100,000. The Commissioner will notify you if you must have a bond.
Louisiana Motor Vehicle Dealer Bond
All dealers need a $50,000 bond
Maine Motor Vehicle Dealer Bond
Maine Motor Vehicle Dealer Bonds are dependent on the number of vehicles you sold in the previous
year (or plan on selling)
0-50/year: $5,000 bond
51-100/year: $10,000 bond
101-150/year: $15,000 bond
Surety Solutions LLC | 866-722-9239 | [email protected]
Laws, regulations and bond amounts are subject to change. We will try to update this PDF as often as
possible. Last updated May 2017.
151-200/year: $20,000 bond
200 or more/year: $25,000 bond
Maryland Motor Vehicle Dealer Bond
Maryland Motor Vehicle Dealer Bonds are dependent on the type of vehicles you are selling and the
number you sold in the previous year (or plan to sell):
Selling new vehicles:
1-500/year: $50,000 bond
501-1,000/year: $75,000 bond
1,001-2,5000/year: $100,000 bond
More than 2,500/year: $300,000 bond
Selling used vehicles:
1-250/year: $15,000 bond
251-500/year: $25,000 bond
501-1,000/year: $35,000 bond
1,001-2,500/year: $50,000 bond
More than 2,500/year: $150,000 bond
Massachusetts Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
Michigan Motor Vehicle Dealer Bond
All dealers must have a $10,000 bond
Minnesota Motor Vehicle Dealer Bond
New or used vehicle dealers: $50,000 bond
Boat, snowmobile, moped, or horse-trailer dealers: $5,000 bond
Mississippi Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
Missouri Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
Montana Motor Vehicle Dealer Bond
New or used vehicle dealers: $50,000 bond
Motorcycle dealers: $15,000 bond
Motorboat, personal watercraft, or snowmobile dealers: $5,000 bond
Nebraska Motor Vehicle Dealer Bond
All dealers must have a $50,000 bond
Surety Solutions LLC | 866-722-9239 | [email protected]
Laws, regulations and bond amounts are subject to change. We will try to update this PDF as often as
possible. Last updated May 2017.
Nevada Motor Vehicle Dealer Bond
New or used vehicle dealers: $100,000 bond
Motorcycle dealers: $50,000 bond
New Hampshire Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
New Jersey Motor Vehicle Dealer Bond
All dealers must have a $10,000 bond
New Mexico Motor Vehicle Dealer Bond
New or used vehicle dealers: $50,000 bond
Motorcycle dealers: $12,500 bond
New York Motor Vehicle Dealer Bond
Franchise dealers: $50,000 bond
Auto brokers: $75,000 bond
Dealers selling less than 50 used vehicles/year: $20,000 bond
Dealers selling more than 50 used vehicles/year: $100,000 bond
North Carolina Motor Vehicle Dealer Bond
All dealers must have a $50,000 bond
North Dakota Motor Vehicle Dealer Bond
New or used vehicle dealers: $25,000 bond
Snowmobile dealers: $10,000 bond
Ohio Motor Vehicle Dealer Bond
There is not bond requirement for motor vehicle dealers in Ohio
Oklahoma Motor Vehicle Dealer Bond
Used vehicle dealers: $15,000 bond
Wholesale dealers: $25,000 bond
Oregon Motor Vehicle Dealer Bond
New or used vehicles: $40,000 bond
Motorcycle, moped, ATV, or snowmobile dealers: $2,000 bond
Pennsylvania Motor Vehicle Dealer Bond
All dealers must have a $20,000 bond
Rhode Island Motor Vehicle Dealer Bond
All dealers must have a $50,000 bond
South Carolina Motor Vehicle Dealer Bond
Retail and wholesale dealers: $30,000 bond
Surety Solutions LLC | 866-722-9239 | [email protected]
Laws, regulations and bond amounts are subject to change. We will try to update this PDF as often as
possible. Last updated May 2017.
Motorcycle, travel trailer*, auto auction wholesale dealers, or motorcycle wholesale dealers: $15,000
bond
*The bond amount will increase to $30,000 for recreational (travel trailer) dealers starting November
17th, 2017.
South Dakota Motor Vehicle Dealer Bond
New or used vehicle dealers: $25,000 bond
Motorcycle and snowmobile dealers: $5,000 bond
Tennessee Motor Vehicle Dealer Bond
All dealers must have a $50,000 bond
Texas Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
Utah Motor Vehicle Dealer Bond
New or used vehicle dealers: $75,000 bond
Motorcycle dealers: $5,000 bond
Vermont Motor Vehicle Dealer Bond
Vermont Motor Vehicle Dealer Bonds are dependent on the number of vehicles you plan on selling in a
year:
Less than 25/year: $20,000 bond
25-100/year: $25,000 bond
101-250/year: $30,000 bond
More than 251/year: $35,000 bond
Virginia Motor Vehicle Dealer Bond
All dealers must have a $50,000 bond
Washington Motor Vehicle Dealer Bond
All vehicle dealers must have a $30,000 bond
Motorcycle dealers: $5,000 bond
Washington D.C. Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
West Virginia Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
Wisconsin Motor Vehicle Dealer Bond
New or used vehicle dealers: $50,000 bond
Motorcycle dealers: $5,000 bond
Surety Solutions LLC | 866-722-9239 | [email protected]
Laws, regulations and bond amounts are subject to change. We will try to update this PDF as often as
possible. Last updated May 2017.
Wyoming Motor Vehicle Dealer Bond
All dealers must have a $25,000 bond
Surety Solutions LLC | 866-722-9239 | [email protected]
Laws, regulations and bond amounts are subject to change. We will try to update this PDF as often as
possible. Last updated May 2017.