We will give you an auto dealer bond as quick as we can.
An auto dealer surety bond is known by many different names and each state may have its own specific rules regarding this particular item. It is alternately known as motor vehicle dealer (MVD) or a used car dealer bond.
An auto dealer surety bond is a guarantee that the covered automobile dealer is operating within the laws of the state in which it is doing business. This type of bond is considered in the industry to be of a moderately risky and those dealers qualifying will pay a rate determined by their credit history. Surety bonds may also be issued for businesses selling motorcycles, ATVs and boats.
While those dealers with the best credit history will obtain the lowest rates to maintain their auto dealer surety bond, dealers with bad credit may still get coverage through a bad credit program, though at a significantly higher cost.