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Pay the Lowest Rate for Your New Jersey DMV Vehicle Dealer Bond
| Bond Amount | Cost | Term | Apply Now |
|---|---|---|---|
| $10,000 | Starting as low as 100 | One Year Term | Start Application |
Applicants can qualify with no credit check for bond approval.
What are New Jersey DMV Vehicle Dealer Bonds?
All applicants for a dealer license are required to file a bond with the New Jersey Motor Vehicle Commission. 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 ensure the dealership follows the state legislation and regulations to hold a license in the state.
The application process in New Jersey includes the following:
- The initial and supplementary applications must be completed and signed by the owner, partners, members or corporate officers
- MVC Dealer Certification
- Fingerprint request notification
- A Certificate of Insurance reflecting liability coverage in the amount of $100,000 - $250,000 for bodily injury and $25,000 for property damage is required at the time of approval and must specify the total number of plates covered by the policy
- The certificate should read:
- NJMVC – Business Licensing Services Bureau, Dealer Unit, P.O. BOX 170, Trenton N.J. 08666.
- A $10,000 Surety Bond is required in your business name and address with an expiration date coinciding with the licensing year.