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 made in connection with the sale or exchange of a motor vehicle. Bonds shall be in the 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 State of Florida requires motor vehicle, mobile home and recreational vehicle dealers be licensed with the state. The Motor Vehicle Dealer Bond is part of the licensing process.
A Vehicle Franchised dealer wishes to sell new motor vehicles under an established agreement. Whereas, the Vehicle Independent dealer is one who buys, sells or deasl in used motor vehicles. A Motor Vehicle Dealer bond in the amount of $25,000 is required for both licenses.
Additional information can be found at FL Motor Vehicle Dealer Licensing Requirements.
Surety1 can easily get you the 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.
Read our Car Dealer License Guide to learn more about how to get your dealership licensed and bonded.
Surety1, an AssuredPartners agency, has been providing surety bonds since 2003 and is licensed in all 50 states. The company maintains an A+ rating from the Better Business Bureau and represents over a dozen A rated surety companies