To engage in the “business” of selling any type of vehicle in the State of Mississippi you must apply for the appropriate class of dealer license and provide a Mississippi motor vehicle dealer bond. According to the Mississippi Motor Vehicle Commission a surety… Continue Reading →
To sell automobiles in the District of Columbia you must be licensed and provide a DC motor vehicle dealer bond. The dealer license is issued by the DC Department of Consumer & Regulatory affairs. DC rules require that an applicant comply… Continue Reading →
To sell automobiles in to the public in Texas you must apply for the appropriate class of dealer license and provide a Texas motor vehicle dealer bond. According to the Texas Department of Motor Vehicles an independent motor vehicle dealer… Continue Reading →
In Oregon all car dealers must obtain a motor vehicle dealer bond. If the licensee sells cars only then the auto dealer bond requirement is $40,000. If a dealer also dismantles vehicles for parts sale there is a separate dismantler surety bond required in the amount… Continue Reading →
In Alabama all auto dealers (new and used) must provide a motor vehicle dealer bond. If the licensee sells new cars on a retail lot, then the auto dealer bond requirement is $25,000. If the licensee sells used cars or is a… Continue Reading →
In New York all auto dealers (new and used) must provide a New York motor vehicle dealer bond. The surety bond is required by the New York Vehicle and Traffic Law section 415(6-b), must be in the amount of $10,000, and guarantees that the… Continue Reading →
In Arizona an auto dealer can be licensed for two classes of business, each requiring its own distinct dealer bond. A used or new motor vehicle dealer must provide a $100,000 surety bond. A wholesale auction dealer must provide a $10,000… Continue Reading →
In California an auto dealer can choose two licensing levels, each requiring its own distinct dealer bond. A retail motor vehicle dealer must provide a $50,000 surety bond. A motorcycle dealer or wholesale only auto dealer must provide a $10,000… Continue Reading →
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