The South Carolina Motor Vehicle Bond is required by the Department of Motor Vehicles. The bond provides security/protection against loss or damage by a licensed dealer, wholesaler or their employees. The loss as a result of fraud or fraudulent representation in relation to a sale or transfer of a motor vehicle.
What is the bond amount?
- $30,000 – All Dealers, Wholesalers, or Recreational Vehicles
- $15,000– Wholesale Auto Auction, Motorcycle Dealers or Wholesalers
In order to find out the cost of the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price.
Who needs a South Carolina Motor Vehicle Bond?
South Carolina’s Department of Motor Vehicles issues several types of licenses for buying, selling and trading motor vehicles. The type of license that is appropriate for you is determined by the type of business you will operate. The Motor Vehicle bond is one of the licensing requirements.
What are other licensing requirements?
The licensing requirements will differ depending on the type of license you require. All applicants must submit a completed application form. See Dealer License for specifics.
How do I obtain a South Carolina Motor Vehicle Bond?
Surety1 makes things easy for you. First, start the process by completing our easy to navigate, free online application form. Then, after the application is submitted, one of our friendly and knowledgeable agents will contact you. They will provide you with a no-obligation quote for the bond premium. After that, we will collect the premium payment and have you sign any necessary paperwork. Lastly, we will send out your South Carolina Motor Vehicle Bond by USPS Priority Mail. Overnight is available for an additional fee.
We have also been rated A+ by the Better Business Bureau so you can be assured that we can provide quality service for any of your surety bond needs.