BondExchange Lowers Rates on Florida Dealer Bonds Your auto dealer clients continue to suffer from supply chain issues and inflationary pressures, painting the picture of a turbulent economy. While trends may seem positive for franchise dealers through the end of 2024, used dealers continue to struggle. This slough of operational and market pressures is enough …
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Proposed Massachusetts Bill Doubles Dealer Bond Limit April 19, 2021 Amid rampant inflation in the used car market, Massachusetts SD1027 seeks to increase the amount of the required surety bond for used auto dealers to $50,000 from the current $25,000, while strengthening the state’s “Lemon Aid Law”. The bill, proposed by state senator Paul Feeney …
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Free Auto Dealer Bond eBook We have compiled a Free Auto Dealer Bond eBook containing the bond and licensing requirements for new and pre-owned car dealers in all 50 states and the District of Columbia. In this eBook, insurance agents will learn: The bond requirements for auto dealers in all 50 states and the District …
Montana Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on Montana Auto Dealer bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $5,000 for watercraft, snowmobile, and off-highway vehicle dealers $15,000 for motorcycle and quadricycle dealers …
Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on Auto Dealer bonds What is an Auto Dealer Bond? Auto dealer bonds, sometimes called motor vehicle dealer bonds or car dealer bonds, are government required surety bonds that auto dealers must purchase to …
Georgia Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help pre-owned car dealership owners on Georgia Auto Dealer bonds At a Glance: Average Cost: $306 for a two-year term or $16 per month, based on the business owner’s credit Bond Amount: $35,000 Who Needs It: All individuals and businesses that …
Rhode Island Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on Rhode Island Auto Dealer bonds At a Glance: Lowest Cost: $200 per year or $20 per month, based on the business owner’s credit Bond Amount: $50,000 Who Needs It: All individuals and …
California Auto Dealer Bond: A Comprehensive Guide For Insurance Agents This guide provides information for insurance agents to help new and pre-owned car dealership owners on California Auto Dealer bonds. At a Glance: Lowest Cost: $50,000 Retail Dealer bond: $400 per year or $40 per month $10,000 Bond: $100 per year or $10 per month …
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