Both New and Used Car Dealers most be licensed in Connecticut as well as Manufacturers, Repairers, Wrecker Service and Junkyards. New motor vehicle dealers must be franchised with licensed manufactureers. Upon approval by local authorities an application must be submitted to the Dealers and Repairers division of th State of Connecticuts Department of Motor Vehicles. These applications must be renews biennially.
A Surety Bond in the amount of $20,000 must be submitted for New and Used Car Dealers prior to the license being issued. Repairers are required to provide a $5,000 Surety bond.
Connecticut auto dealers with low credit scores, or public records on their personal credit report (Bankruptcy, Liens, Collection, or Civil Judgments) may find a difficult time getting bonded. Bryant Surety Bonds, Inc offers a Bad Credit Surety Bond Program that is specially tailored to your needs and can get you approved. This program is available for all high risk Auto Dealers.
*Information for state licensing is provided as a guide, always verify with the state that the information is correct.