An automobile dealer bond provides a guarantee that a particular auto dealer will operate in compliance with the state in which it is situated, which in turn protects customers against fraud and/or unethical behavior on a dealer’s part. The dealer bond simply ensures that the customer has recourse in the event that he or she becomes ensnared in a fraudulent transaction. In most states a dealer must obtain a bond before opening its doors for business.
In addition to dealer bonds, other forms of DMV bonds that are frequently requested include:
- $50,000 Motor Vehicle Dealer Bond
- $10,000 Wholesale or Motorcycle Dealer
- DMV Vehicle Lost or Defective Title Bond
- DMV Registration Services Provider Bond
- DMV Vehicle Verifier Bond
- DMV IRP Bonded Web User Bond
- DMV Broker of Construction Trucking Services Bond
- Driving School Owner Bond
- DMV Commercial Requester Bond
- Traffic Violator School Bond
- Online Traffic School Bond
