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Auto Dealer Bonds

You may also see these bonds referred to as MVD bonds or DMV bonds. MVD stands for motor vehicle dealer, while DMV stands for Department of Motor Vehicles. If someone wants to set up a business as an auto dealer they will need to get this bond. It is designed to ensure the dealer runs their business in accordance with the terms laid out in their specific state.

The current market

Surety bond companies are quite traditional when it comes to considering auto dealer bonds. The rates you are offered will depend on how good your credit rating is. If it is good you are likely to find lower rates than if you are seen as having a below average rating.

Does your agency have a special program available for Auto Dealer bonds?

Yes – if you have bad credit and you do not want or are not able to put up any collateral against your auto dealer bond, we can help. We can offer a high risk program with more attractive rates than many other providers can offer. This is due to the number of bonds we process. In addition to this we can also offer great rates for people who do have good credit, giving you another reason to come to us for your auto dealer bond requirements.

 
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  Fantastic experience. I will use you again next year! Thanks for the quick turn-around, couldn't be happier.

~James H, MI