- CALL US 1 (800) 764-7233
Pay the Lowest Rate for Your Vermont DMV Vehicle Dealer Bond!
Bond Amount | Cost | Term | Apply Now |
|---|---|---|---|
| $20,000 $25,000 $30,000 $35,000 | Starting as low as $200* Starting as low as $250* Starting as low as $300* Starting as low as $350* | One Year Term | Start Application |
*For qualified applicant based on credit.
What are Vermont DMV Vehicle Dealer Bonds?
All applicants for a dealer license are required to file a bond with the Vermont Department 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 licensing regulations.
The amount of the surety bond shall be based upon the dealer’s sales in the year prior to the year for which the application is being made, or in the case of a 2 year dealer license registration the previous two years as follows:
1. Less than 25 vehicles $20,000
2. 25 to 100 vehicles $25,000
3. 101 to 250 vehicles $30,000
4. 251 or more vehicles $35,000
If the applicant was not registered as a dealer in the year immediately prior to the year for which the application is being made, the amount shall be $35,000.00.