We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:
A Motor Vehicle Dealer Bond requires all licensed auto dealers to secure a surety bond. This Bond guarantees the public that the dealer is operating appropriately according to the Colorado Revised Statutes. Bond amounts are below:
In the State of Colorado Motor Vehicle Dealer Bonds are required to be carried in the amount of $50,000. The cost of this bond will vary depending on an applicant’s credit. Generally, the rates range from 0.5% to 3%.
Bonding Solutions has programs that can fit all of our client’s needs. regardless of a client’s credit score, we offer industry-low rates.
Call us today to apply.
Colorado Motor Vehicle Dealer Bonds provide an assurance that all auto dealers are abiding by the Colorado Revised Statutes. The Colorado MVD Board requires that all licensed auto dealers have a surety bond while conducting business in the state. Once issued, the bond should stay active until the auto dealer is no longer licensed or a 60-day cancellation is requested.