The license bond guarantees that the licensed vehicle dealer is in compliance with the Tex. Transp Code §503.033. The bond protects consumers from fraud or misrepresentation by the car dealer.
The surety bond is required for all GDN basic dealer licenses.
This bond can cost your business as little as $250 for a two year term $25,000 bond. You will pay a premium based on your credit score and years of experience in the industry.
To get a free bond quote for a TX dealer license bond:
1) Complete our online application below or download the PDF application and send to email@example.com.
2) A quote will be emailed to you within 24-48 hours.
Effective September 1, 2021 TX House Bill 3533 increased the bond requirement for most Texas Motor Vehicle Dealers from $25,000 to $50,000. In addition to the increased surety bond requirement, the law now requires dealers to post notice of their surety bond next to their General Distinguishing Number (GDN).
The increased surety bond requirement applies to all GDN license types except for Trailer/Semitrailer and Non-Motorized Travel Trailer. New applicants and renewing dealers may still submit a Motor Vehicle Dealer surety bond in the amount of $25,000 so long as their new or renewing license is effective prior to September 1, 2021. New applicants and renewing dealers with a license effective date of September 1, 2021 or later must submit a $50,000 Motor Vehicle Dealer surety bond.
Our expert surety team will help you get your Texas Motor Vehicle Dealer License Bond at the best rates available. Fill out the secure bond application below and we will shop for the lowest rates available based on your credit score and years of experience in the industry.
I have processed 2 defective title bonds through South Coast Surety and I am the type that gets worried for any little detail and want to make sure everything is done correctly the first time to prevent double work for myself and everybody. Knowing how I am both times I had to call customer service and they answered every little question I had in a very nice and gratifying way that made me feel I would not have any problems in which I did not. South Coast Surety has the ultimate best customer service.
Gaby - CA
I was shopping for a surety bond for the first time and having trouble communicating with several different companies. When I contacted South Coast Surety they responded quickly and performed the transaction quick and easy. I might have been able to find a lower price, but their professionalism was worth a couple extra dollars.
KG C. - CA
We are opening up a Mental Health Residential Treatment Center and needed a Surety bond since we will be handling some clients cash resources. I reached out to South Coast Surety, they sent me an application, paid our premium and had our bond sent to us immediately. Everyone I spoke to and emailed was courteous, attentive and responded very quickly. We will most definitely continue to get all of our bond services from South Coast.
John F. - CA
Great customer service from South Coast Surety. When I had questions about the bond and process, their customer service team assisted me with a sense of urgency and answered my questions. I recommend using their services. I will be a returning customer.
P&C B. - CA
I needed a surety bond and was referred by another company to south coast. I am very impressed with the level of customer service in every stage of issuing the bond, the rapid response to the get the bond issued and communication with the team. Great team and awesome service. I highly recommend South Coast Surety for you bond needs.
Mirwais A. - CA
I was in need of obtaining my CA Insurance Bond. I was able to obtain my required Bond quote online within minutes. I approved the quote and requested the Bond to be issued. On the same day, I received the Evidence of Coverage. Could not ask for better pricing or better service. I highly recommend South Coast Surety to meet a wide range of Bonding needs.
Udo G. - NJ
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.