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Pay the Lowest Rate for Your Maine DMV Vehicle Dealer Bond!
Bond Amount | Cost | Term | Apply Now |
|---|---|---|---|
| $25,000 $50,000 $75,000 $100,000 | Starting as low as $250* Starting as low as $500* Starting as low as $750* Starting as low as $1000* | One Year Term | Start Application |
*For qualified applicant based on credit.
What are Maine DMV Vehicle Dealer Bonds?
All applicants for a dealer license are required to file a bond with The Secretary of State, Bureau of Motor Vehicles. The bond is used to protect the consumers from fraud and wrongful acts committed by the dealership or their employees.
DMV dealer bonds also known as auto dealer bond will also ensure the dealership will follow the state legislation and regulations.
Bond amount filed is based on sales from prior year. New dealers will file a bond amount based on projected sales.
A. For 0 to 50 sales, $25,000
B. For 51 to 100 sales, $50,000
C. For 101 to 150 sales, $75,000
D. For 151 sales and over, $100,000