Motor vehicle dealers in Pennsylvania are required to post a Pennsylvania Motor Vehicle Dealer Bond as part of the process to license the dealership. The amount of the bond depends on what type of vehicles are to be sold, the amount of vehicles you plan to sell, and other factors. Read our Car Dealer License Guide to learn more about how to get your dealership licensed and bonded.
Pennsylvania Motor Vehicle Dealer Bond
- Required by: Pennsylvania Department of Transportation
- Minimum Bond Amount: $20,000
- Maximum Bond Amount: Varies
- Valid: Renewable
The price for the bond, also known as the bond premium, is only a small fraction of the bond amount.
The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.
If the bond is cancelled, the obligee must be notified of the cancellation at least 60 days before the cancellation date.
This bond guarantees the principal will abide by all Pennsylvania state laws and regulations.
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:
- Pennsylvania Motor Vehicle Dealer Bond
- License application
- Supporting application documents
- Proof of insurance
- $60 Motor Vehicle Transaction Recovery Fund fee
- Criminal background check for each officer
- Business contact information
- $65 application fee
- Completed MV-375 form
All licensing fees are required by the obligee, not the surety company. Licenses must be renewed by May 31st of every odd-numbered year. This is required by the obligee, not the surety company.
For more licensing information, visit Pennsylvania’s official site.
How to apply for the bond?
At surey1.com, we make it easy to apply for your Pennsylvania Motor Vehicle Dealer Bond. Simply complete our easy to navigate, online application and usually within one business day one of our surety bond specialists will contact you wit free, no obligation quote for the bond. Then, sign some paperwork, make payment (all major credit cards are accepted) and your bond will be delivered via traceable mail. Overnight delivery is also available.
Surety1.com is a service of ASSUREDPARTNERS one of the largest and fastest growing insurance agencies in the nation. Surety1.com is the premier provider of surety bonds in Pennsylvania and has been since 2003. Surety1 maintains an A+ rating form the Better Business Bureau as well as a perfect five start rating from Trust Pilot.