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Maryland Motor Vehicle Dealer Bond

Bond Requirements and Online Application

The Maryland Motor Vehicle Dealer Bond is required by the Maryland Motor Vehicle Administration. The bond states that the bondholder shall conduct their business in full compliance with those Sections of the Transportation Article, of the Annotated Code of Maryland. In addition, they shall comply with all the Regulations of the Administrator of Motor Vehicles. Maryland Motor Vehicle Dealer Bond

What is the purpose of a Maryland Motor Vehicle Dealer Bond?

The bond is one of the requirements for those who would like to obtain a business license to establish a new dealership for selling new or used vehicles.  

How do you determine the bond amount?

The amount depends on the number of vehicles sold.

New Vehicle

  • 1-500 vehicles sold – $50,000
  • 501-1,000 – $75,000
  • 1,001-2,500 – $100,000
  • Over 2,500 – $300,000

Used Vehicle

  • 1-250 vehicles sold – $15,000
  • 251-500 – $25,000
  • 501-1,000 – $35,000
  • 1,001-2,500 – $50,000
  • Over 2,500 – $150,000

What are the other requirements that need to be submitted aside from the surety bond?

New Vehicle Dealer

  • Completed Application Form
  • Zoning Approval Form
  • Power of attorney – required only when a rider or new surety bond is submitted
  • Proof of Worker’s Compensation coverage
  • Criminal background check
  • Trader’s license copy
  • Business registration letter
  • Automotive Repair Facility Contract
  • Franchise Approval from the manufacturer
  • A new vehicle certification form
  • Insurance Information Form

Used Vehicle Dealer

  • Completed Application Form
  • Zoning Approval Form
  • Power of attorney
  • Criminal background check
  • Trader’s license copy
  • Business registration letter
  • Automotive Repair Facility Contract
  • Insurance Information Form

How can I get a Maryland Motor Vehicle Dealer Bond?

Start the process by completing our easy to navigate, free online application form. Next, you will be contacted by one of our licensed agents with a no-obligation quote on the bond premium. After that,  when you’re ready to proceed, we’ll collect the premium payment and have you sign the agreement. Lastly, your Maryland Motor Vehicle Dealer Bond will be mailed to you. We off USPS Priority Mail or Overnight, for an additional fee.

Founded in 2003, licensed in all 50 states, we continue to maintain an A+ rating from the Better Business Bureau.

 

 

 

How to Get Your Maryland 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 Maryland Motor Vehicle Dealer 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

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