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Pay the Lowest Rate for Your South Carolina Motor Vehicle Dealer Bond!
| Bond Amount | Cost* | Term | Apply Now |
|---|---|---|---|
| $50,000 - Retail/Wholesale/Recreational Vehicle | Starting as low as $500 | 1 year | START APPLICATION |
| $25,000 - Motorcycle/Motorcycle Wholesale | Starting as low as $250 | 1 year | START APPLICATION |
| $15,000 -Wholesale Auction Dealers | Starting as low as $150 | 1 year | START APPLICATION |
*Quotes are based on personal credit score of buisness owners.
What are South Carolina Motor Vehicle Dealer Bonds?
Surety bonds are required in the state of South Carolina for all dealers of new and used motor vehicles, motorcycle dealers, and wholesale aution dealers. The South Carolina Department of Motor Vehicles requires all dealers to be licensed and have established the following South Carolina Motor Vehicle Dealer Bond requirements:
- $50,000 surety bond for Retail/Wholesale/Recreational Dealers
- $25,000 surety bond for Motorcycle/Motorcycle Wholesale Dealers
- $15,000 surety bond for Wholesale Auction Dealers
You must submit your original Surety Bond and Power of Attorney with your Application for a Dealer or Wholesaler License (SCDMV Form DLA-1) at the time of your application. The bond provides security or protection against loss or damage due to fraud or fraudulent representation in relation to a sale or transfer of a motor vehicle by a licensed dealer, wholesaler, or their employees.
Your bond must be in effect before the SCDMV will grant you a license. The owner, partner, or corporate officer of the dealership must sign the surety bond. A corporate surety company authorized to do business in SC must secure the bond. You must submit a new surety bond and Power of Attorney to the SCDMV if you change your bonding company. Dealers should always keep a copy of all documents submitted to the SCDMV.
Fast Approval and Easy Processing!
Get your free, no-obligation quote within 24 hours or less. Apply online now! The South Carolina Motor Vehicle Dealer Bond requires a personal credit check for approval and pricing. Call (800) 764-7233 to get your bond today!
Bad Credit …No Problem!
We understand that many of you are living with less than perfect credit, do not let bad credit stop you from getting the bond you need! Bond911 can approve 99% of all applicants despite low credit scores and other financial restrictions. Bond911 works with the nation’s top bonding companies and we have exclusive underwriting programs for bad credit to provide approval of South Carolina Motor Vehicle Dealer Bond needs.