The Florida Motor Vehicle Dealer bond is required by Florida’s Department of Highway Safety and Motor Vehicles. The bond states that the bondholder shall fully comply with the conditions of any written contract. Contracts made in connection with the sale or exchange of a motor vehicle. Bonds shall be in favor of any person who suffers a loss or damages resulting from the bondholder’s failure to comply with the conditions of the bond. The bond has a common renewal date of April 1.
The State of Florida requires motor vehicle dealers, mobile home dealers and recreational vehicle dealers be licensed with the state. The Motor Vehicle Dealer Bond is part of the licensing process. Find additional licensing information at FL Motor Vehicle Dealer Licensing Requirements.
A Vehicle Franchised dealer sells new motor vehicles under an established agreement. Whereas, the Vehicle Independent dealer buys, sells or deals in used motor vehicles. A $25,000 bond is required for both.
Learn more by reading the Car Dealer License Guide.
Surety1 can easily get you the Florida Motor Vehicle Dealer Bond that you need. You can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, pay the premium and sign the agreement. Lastly, your Motor Vehicle Dealer bond will be mailed to you by USPS Priority Mail. Overnight delivery is available for an additional fee.
Surety1, an AssuredPartners agency, has been providing Florida surety bonds since 2003. Licensed in all 50 states. Represents over a dozen A rated surety companies. Maintains A+ rating from the Better Business Bureau.