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DMV Motor Vehicle Dealer Bond - New York
Bond911 Specializes in New York DMV Dealer Bonds!
Pay the Lowest Rate for your NY Motor Vehicle Dealer Bond!
| Bond Amount | Cost* | Term | Apply Now |
|---|---|---|---|
| $20,000 | $100 | 1 year | START APPLICATION |
| $50,000 | $250 | 1 year | START APPLICATION |
| $100,000 | $450 | 1 year | START APPLICATION |
*For qualified applicant based on credit and experience
What is a New York Motor Vehicle Dealer Bond?
The New York Vehicle Dealer Bond is a required surety bond in the State of NY by the New York Department of Motor Vehicles to receive a license to conduct business as a licensed auto dealer. The bond is required to prevent the public from acts of fraud or misconduct. The New York Motor Vehicle Dealer Bond guarantees the auto dealer will follow all rules and regulations of the New York state code, including the payment of all bank drafts and checks drawn for the purchase of motor vehicles, as well as transferring valid titles to each motor vehicle that they plan to sell.
If the auto dealer engages in unethical or unlawful business practices, the surety bond is in place to protect any person who suffers financial loss up to the full sum of the bond amount.
Fast Quote and Easy Processing!
Get your free, no obligation quote within 24 hours or less. Apply online today!
Bad Credit…No Problem!
Do not let bad credit stop you from getting your New York Motor Vehicle Dealer Bond.
Bond911 can help you find approval regardless of low credit scores or other financial issues. We have exclusive underwriting programs established for all credit types and in-house authority to find you the best rate for your bonding needs. Bond911 can approve 99% of all applicants!
How to obtain your New York Motor Vehicle Dealer License
In the State of New York, both new and used motor vehicle licensees must complete the original facility application (Form VS-1) and send it to the Department of Motor Vehicles. Each application must be accompanied by the following documents:
Surety bond (Form VS-3)
Application and business fees
MV-50 fees
Certificate of Authority (NYS Department of Taxation and Finance DTF-17A)
Business location documents
State Links
https://dmv.ny.gov/forms/suretybondeffdate03-28-17.pdf
https://dmv.ny.gov/dealers/dealer-and-transporter-best-practices