How to Get a Connecticut Motor Vehicle Dealer Bond
Secure Your Connecticut Motor Vehicle Dealer Bond with Surety1.com
To legally sell new and/or used cars in Connecticut, you must first obtain a Connecticut Motor Vehicle Dealer License. A critical component of this licensing process is securing a Connecticut Motor Vehicle Dealer Bond. This type of surety bond, mandated by the state, is a guarantee that you will operate your business in compliance with all state laws and regulations.
The required bond amount for both new and used car dealers in Connecticut is $60,000. The cost you’ll pay for this bond is a small fraction of that amount, typically ranging from 1% to 3% of the total bond amount. At Surety1.com, we specialize in finding you the most competitive rates and terms by leveraging our extensive network of surety bond markets.
Our Simple, 3-Step Process to Get Your Bond:
- Complete Our Secure Online Application: Our easy-to-use application is designed for a fast and efficient process. Important: The name on the application must be the exact legal business name that will be used for your dealer license.
- Receive Your Free Quote: One of our expert surety bond agents will review your application and provide you with a free, no-obligation quote, usually within one business day.
- Finalize and Pay: After you accept our quote, simply sign the necessary paperwork and pay your bond premium.
Once these steps are complete, we will ship the official Connecticut Motor Vehicle Dealer Bond directly to you. You’ll then sign the bond and submit it to the CT Department of Motor Vehicles (DMV) as part of your licensing application.
About Surety1.com
Surety1.com, a service of AssuredPartners, has been a leading online provider of surety bonds nationwide since 2003. We represent over a dozen surety bond companies, ensuring we can find the best solution for your needs.
Understanding the Connecticut Dealer Licensing Process
The surety bond is just one of several requirements for obtaining your Connecticut “Regulated Business License” from the DMV. It is illegal to sell motor vehicles to consumers in Connecticut without a valid state-issued dealer license. This includes selling with an out-of-state license. The state has separate licenses for new, franchise dealers and used car dealers.
While Surety1 is not directly involved in the licensing process, we’ve compiled a list of common requirements to help guide you:
- Connecticut Motor Vehicle Dealer Bond
- Completed license application
- Supporting application documents (as listed on the )
- Established business address and name
- Application fee
- Sales tax permit number
- Proof of insurance
- Examination fee (for new locations only)
Please note: The information above is for general guidance only and should not be considered legal advice. Always refer to the official Connecticut DMV website for the most accurate and up-to-date licensing requirements.
Need more information?
- Click here to visit our state by state guide to Motor Vehicle Dealer bonds.
- Contact Surety1 to speak with a professional agent.
How to Get Your Connecticut Motor Vehicle Dealer Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.