Missouri-
Posted on Wed, Feb. 07, 2007
A bill has been introduced in the Missouri legislature that, if passed, would raise auto dealers’ surety bond requirements to $100,000.
Current law requires car dealers to post a $25,000 bond for liability purposes.
State Bond Services
Motor Vehicle Dealer Bond
Motor
Vehicle Dealer Bond for All New or Used Motor Vehicle Dealers South Cost Surety offers a streamlined approach to underwriting these surety bonds.
All information on one easy application --- Quick turnaround on your submission Motor Vehicle Dealers with
Poor Credit No Problem - Start Here
$50,000 Standard Motor Vehicle Dealer Bond* SECURE on-Line Application or Please Click Here to print an application form *Financial Statements May be required.
$ 10,000 WHOLESALE DEALER (LESS THAN 25 CARS PER YEAR) 1 yr @ $ 200.00 (GOOD CREDIT REQUIRED) Please Click Here to print an application form (CNA)
& Motor Vehicle Dealer Name Verification Form Fax completed form to (949) 361-9926
MVD Dealer Bond Rates Start at:
$300
For $30,000 Standard Motor Vehicle Dealer Bond Effective 7/1/2007 - Colorado
Motor Vehicle Dealer Bond
Increased to $50,000
Bond Rate Starts at: $500
Effective January 1, 2007,the amount of the required
surety bond for used motor vehicle dealers will increase to $35,000.
All new
applicants submitting applications for licensure as used motor vehicle dealers
must purchase and maintain a surety bond in the amount of $35,000. If you are
currently licensed as a used motor vehicle dealer with an active surety bond,
you will not be required to purchase the updated bond until your licensure
situation changes, or until the renewal date of your license and bond, which is
March 31, 2008.
MVD Dealer Bond Rates Start at:
$10,000 Dealer Bond - $140 for 2 year term
$25,000 Dealer Bond - $350 for 2 year term
$50,000 Dealer Bond - $700 for 2 year term
Due to significant claim activity in Texas
the program below is the best available in the state.
Three rate programs available, all require good credit:
Effective September 1,2008, the state of Texas will require newly licensed used motor vehicle dealers to obtain a two-year bond. Also, beginning October31, 2008, the state will require random renewal licensees to obtain a two-year bond.
Three rate programs available, all require good credit:
0 - 2 years experience as a licensed dealer, with no claims. $375 annual premium - $657 for 2 years
2 - 4 years experience as a licensed dealer, with no claims. $300 annual premium- $525 for 2 years
4 + years experience as a licensed dealer, with no claims. $225 annual premium- $394 for 2 years
No financial statement required All information on one easy application Quick turnaround on your submission