Established dealers who sold less the 200 vehicles must post a dealer bond in the amount of $10,000. Dealers who sold 200 or more in the previous calender ear are required to post a $25,000 surety bond. Any new dealer applicant most provide a $50,000 bond.
New York MVD’s with a 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 Auto Dealers.
*Information for state licensing is provided as a guide, always verify with the state that the information is correct.
1.) Visit the commercial application page.
2.) Complete our online application.