Auto & Motor Vehicle Dealer Bonds
Place an auto dealer bond (motor vehicle dealer bond) for your client through Baker's wholesale surety market, meeting the state DMV or MVD requirement.
An auto dealer bond, also called a motor vehicle dealer bond, is the license and permit bond a state DMV or MVD requires before it issues a motor vehicle dealer license. Baker places it wholesale.
What it does
- →Guarantees the dealer complies with state motor-vehicle sales law
- →Backs proper title transfers, tax collection, and accurate odometer reporting
- →Protects buyers and the state against fraud in vehicle sales
Who needs it
New and used vehicle dealers applying for or renewing a license with their state DMV or MVD.
- →Also required of many wholesale, motorcycle, RV, and trailer dealers
- →The required bond amount is set by state statute, not by the dealer
- →Terms vary by license category, so check the obligee's exact requirement
How to place it through Baker
Send us the dealer's state, license type, and the DMV or MVD bond requirement.
- →Start a bond quote, or send the application link to your client
** Terms used here are a summary only. Always refer to the bond form and the obligee's requirements.