Motor vehicle dealers in the state are required to post a Texas 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.
Click Here to Apply for a Motor Vehicle Dealer Bond – Free no obligation quote, easy online application. All States
Surety Bond
- Required by: Texas Department of Motor Vehicles
- Minimum Bond Amount: $50,000
- Maximum Bond Amount: Varies
- Valid: 2 years – 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 oblige before applying for the bond to ensure the bond amount is correct.
This bond guarantees the principal will abide by all Texas state laws and regulations along with the regulations outlined in the Texas Transportation Code.
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:
- Texas Motor Vehicle Dealer Bond
- License application
- Supporting application documents
- Proof of business location
- Employer identification number
- Certificate of Incorporation
- $700 license fee
All licensing fees are required by the obligee, not the surety company.
The state of Texas requires all dealers complete a pre-licensing education course to receive their license.
Visit https://texasdealereducation.com/) to easily find the education you need.
For more licensing information, visit Texas’s official website.
How to apply for a Texas Motor Vehicle Dealer Bond
Click Here to Apply for a Motor Vehicle Dealer Bond – Free no obligation quote, easy to navigate online application. Usually within 1 business day and agent from Surety1 will provide you with a firm quote. Then you will sign some paperwork, may payment and your bond will be delivered. Overnight delivery is available.
Surety1 has been providing Texas surety bonds since 2003. Representing over a dozen carriers, Surety1 can get the bond you need at a reasonable price, fast.
How to Get Your Texas Motor Vehicle Dealer Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- 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.
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.