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New Mexico and Florida Motor Vehicle Dealer Surety Bond Renewals




A friendly reminder…. 

Over the next couple months, some Motor Vehicle Dealer surety bonds are due for renewal.

New Mexico

Don’t forget that on March 31, 2017, this bond is up for renewal. To pay for a renewal, go to the Surety1 renewal page.

This bond is required for:

  • Motorcycle dealers
  • Manufacturers
  • Wreckers, dismantlers, and auto recyclers
  • Wholesalers and distributors
  • New and used auto dealers

The New Mexico DMV licensing requirements can found on  this page .

For more information on this bond, go to our information page.

Florida

Also, on April 1, 2017, this bond is up for renewal. To pay for a renewal, go to the Surety1 renewal page.

There are 3 different types of dealer licenses.

  1. Independent Dealer- retail or wholesale sales
  2. Franchise Dealer- new motor vehicles sales with a manufacturer as well as used vehicles
  3. Wholesale Dealer- buy, sell, deal only at wholesale prices with other licensed dealers

For more information on this bond, go to our information page.




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