A Hawaii motor vehicle dealer bond is one of the requirements contemplated Chapter 437, Hawaii Revised Statutes. "Dealer" includes "auction" as defined by law or any person or entity not expressly excluded, who sells three or more vehicles within a calendar year, or who is engaged in the business of selling, soliciting, offering, or attempting to negotiate sales, purchases, or exchanges of motor vehicles or any interest therein, including options to purchase motor vehicles." Violations can result in criminal and civil penalties.
Pursuant to §437-7, an applicant is generally required to provide proof of a "floor line of credit" in specifically determined statutory amounts. Per section (4), "When an inventory or flooring line of credit cannot reasonably be obtained by a dealer, the board may provide that a bond, in an amount set forth in the Board's rules, be obtained as an alternative form of security for the inventory or flooring line of credit. The Hawaii motor vehicle dealer bond threshold is determined by applying the Board's formula to volume of sales using the agency's calculator. Surety bonds and application materials must be submitted to:
Motor Vehicle Industry Board
Department of Commerce and Consumer Affairs
PVL Licensing Branch
P.O. Box 3469
Honolulu, HI 96801
Hawaii surety bond leader, Surety One, Inc., offers same-day servicing of your new or renewal auto dealer bond request. Our special programs allow us to offer you bonding regardless of your credit and financial condition. Damaged credit? No problem! We have non-standard bonding programs for Hawaii vehicle dealer bond applicants. Do you operate in multiple states? No problem! We offer motor vehicle dealer bonds in all states where they are required by law. We also offer certificate of title bonds occasionally needed in the course of your dealership operations.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.