See this breakdown for your requirements based on your sales:
The experience of Louisiana’s Motor Vehicle Commission shows that dealerships greatly effect the Louisiana’s economic climate. The public consumer needs to be protected against fraud and improper business practices. A bond helps urge the dealership to conduct business ethically. Otherwise the bond will pay out claims to the damaged party, and the owner of the business will be left to pay back the Surety company. The bond guarantees accountability and morale. In the past, dealerships were not held responsible for taking advantage of their market. Now, bonds help to make sure Motor Vehicle Dealerships make an ethical and responsible profit.