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:
Motor vehicle dealer bonds are required in most states throughout the US to protect the public from any potential fraudulent or unethical licensing violations conducted by the dealer. The state of Connecticut also requires licensed dealers to post a surety bond. Connectitcut has three dealer bond requriements; they are for motor vehicle dealers, auto repairers, or leasing/ rental companies. All of these businesses are required as a part of their licensing to obtain a surety bond.
Bonding Solutions offers industry-low pricing to dealers and agents looking for a motor vehicle bond. No matter the condition of credit, we can assist you in getting the lowest rate possible on your surety bond. Contact us now and get your bond need taken care of quickly. 877.841.6745
The pricing of your surety bond depends on a few factors, such as industry experience and the personal credit of the applicant.
Connecticut provides surety bonds to three different vehicle industries, including:
Connecticut leasing or rental company and auto repairer bonds are issued instantly and cost 1% of the total bond amount. Auto dealer bond pricing can vary; the pricing depends on credit but usually ranges from 0.5% to 3% of the bond amount.
A Connecticut motor vehicle dealer bond assures the public and others that they are protected from any fraudulent or illegal violation of state licensing code. This surety bond (for dealer, repairers, and rental/ leasing companies) guarantees that bonded Connecticut auto vehicle businesses comply with all state and federal laws. If they violate these laws, consumers and others can make claim against the dealer’s license bond. These bonds are all continuous until canceled. Termination of the bond can be requested by a written notice given to the state 30 days before the cancellation date.
Getting a surety bond is simple. Start by completing our 2-minute online application or giving us a call. Once you have finished the application, we can look over your information and send you our terms. Once terms are accepted, you pay for the bond, and we will email a copy and ship your bond that same day.Get Started