Hawaii car dealers have until June 30 to renew their dealer license with the Motor Vehicle Industry Licensing Board at the Hawaii Department of Commerce and Consumer Affairs (DCCA).
Failure to renew your license and Hawaii auto dealer bond on time will result in having your license forfeited. To resume work as an auto dealer you will then need to reapply as a new dealer and pay all license fees again!
Read on for details about the license and bond renewal and what you need to do.
Overview of the Hawaii Dealer License Renewal
Car dealers in Hawaii need to submit their license renewal application online or on paper by June 30. Those who submit their renewal application before May 31 are guaranteed to receive a pocket card by June 30.
To renew the license, applicants must submit the renewal application, submit additional documents specified in the application, pay their renewal fee and also renew their Hawaii auto dealer bond.
Here’s a list of the types of dealers who need to renew their licenses by June 30:
- Motor Vehicle Auction (AUC)
- Motor Vehicle Broker (CB)
- Motor Vehicle Consumer Consultant (CCV)
- Motor Vehicle Salesperson (CS)
- Motor Vehicle Branch Location (MVB)
- Motor Vehicle Dealer (MVD)
Renewal fees depend on one’s location.
Here’s what you need to know about your bond renewal.
Overview of Hawaii Dealer Bond Renewal
Hawaii car dealers need to renew their surety bond when renewing their Hawaii dealer license. What kind of bond you need to obtain depends on the type and amount of vehicles you sell on a monthly basis. Bond amounts are as follows:
New Vehicle Dealers
- $200,000 bond for dealers selling more than 10 vehicles/month
- $50,000 bond for dealers selling less than 10 vehicles/month
Used Vehicle Dealers
- $100,000 bond for dealers selling more than 60 vehicles/month
- $25,000 bond for dealers selling less than 60 vehicles/month
Motorcycle & Motor Scooter Dealers
- $10,000 bond for motorcycle / motor scooter dealers
The cost of obtaining your bond depends on the type of bond you need and your personal credit score. For a high credit score you will typically be offered a low rate on your bond – between 1% and 3%. To find out how much exactly you will need to pay for your bond, just submit an application and we will contact you with a free quote.
How to Renew Your Hawaii Auto Dealer Bond
To renew your car dealer bond, fill in and submit your online application. Our professionals will find the best rate possible for you and contact you with a free quote. If you are in need of any assistance or have further questions, call us at 866.450.3412 or contact us via email.