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Pay the Lowest Rate for Your Maryland DMV Vehicle Dealer Bond!
Bond Amount | Cost | Term | Apply Now |
|---|---|---|---|
| $15,000 $25,000 $50,000 $75,000 $100,000 $150,000 $300,000 | Starting as low as $150* Starting as low as $250* Starting as low as $500* Starting as low as $750* Starting as low as $1000* Starting as low as $1500* Starting as low as $3000* | One Year Term One Year Term One Year Term One Year Term One Year Term One Year Term One Year Term | Start Application |
*For qualified applicant based on credit.
What are Maryland DMV Vehicle Dealer Bonds?
All applicants for a dealer license are required to file a bond with the Maryland Motor Vehicle Dealer Administration. The surety 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 bonds are filed to ensure the dealership will follow the state legislation and licensing regulations.
Bond amount filed is based on license type and sales.
New Vehicle/New Motorcycle Dealer
A. For 1-500 sales $50,000
B. For 501-1000 sales $75,000
C. For 1001-2500 sales $100,000
D. Over 2500 sales $300,000
Used Vehicle/Used Motorcycle/Wholesale Dealer
A. For 1-250 sales $15,000
B. For 251-500 sales $25,000
C. For 1001-2500 sales $50,000
D. Over 2500 sales $150,000