An Hawaii motor vehicle dealer bond is a type of surety bond required by the Department of Commerce and Consumer Affairs, Professional & Vocational Licensing Division The bond amount depends on the dealership type (new or used) and sales volume (monthly). It typically ranges from $10,000 for motorcycle dealers to $200,000 for high-volume new car dealerships. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Hawaii motor vehicle dealer bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

  1. Complete the easy to navigate and secure online application1
  2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
  3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Hawaii motor vehicle dealer bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license. 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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Hawaii Motor Vehicle Dealer Bond

Surety Bond Amount

The specific bond amount depends on what type of vehicle will be sold:

  1. Motorcycle/scooter- $10,000
  2. New Motor vehicle- $50,000-$200,000
  3. Used Motor Vehicle- $25,000-$100,000

The amount of the Hawaii motor vehicle dealer bond for used car dealers depends on the number of vehicles you sell per month. Here’s the breakdown:

  • Less than 60 vehicles per month: $25,000 bond
  • 60 or more vehicles per month: $100,000 bond

So, if you anticipate selling a high volume (over 60 vehicles monthly), you’ll need a $100,000 bond. Otherwise, a $25,000 bond will suffice.

Here are some additional points to consider:

  • These bond amounts are mandated by the Hawaii Motor Vehicle Industry Licensing Board.
  • You can confirm these figures and get the latest information by contacting the Department of Commerce and Consumer Affairs (https://cca.hawaii.gov/pvl/boards/motorvehicle/).

Licensing

Surety1 is not directly involved with the licensing process, but we’ve compiled this information which may helpful for you.

State licensing fees and requirements:

  • Surety bond
  • License application
  • Supporting application documents (listed on official page)
  • Rental/lease agreement
  • Self-inspection reports
  • Entity registration papers
  • Business address
  • Financial statements
  • $50 non-refundable application fee

All licensing fees are required by the obligee, not the surety company. Each type of license requires a different fee. All licenses must be renewed on June 30th every even-numbered year.

For more licensing information, visit Hawaii’s official page: Department of Commerce and Consumer Affair Professional & Vocational Licensing

Motor Vehicle Dealer Surety Bonds

How to Get Your Hawaii Motor Vehicle Dealer Bond

  1. Complete an online application. It’s free and no-obligation.
  2. One of our surety experts will contact you with a firm quote and an agreement to sign.
  3. 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.

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
Most Bonds are Approved in 1-2 Business Days

Surety Bond Experts

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.

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