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:
Delaware, similar to most states throughout the country, requires motor vehicle dealers to obtain a surety bond before operating their business. A surety bond acts as a contract stating that the dealer will conduct business according to Delaware’s Statutes and laws. Posting this bond also ensures the buyer that a dealer’s illegal or fraudulent activity won’t harm them.
Bonding Solutions has served clients and agents for over 20 years. We have innovated new programs allowing all of our clients to receive industry-low rates on their surety bonds. Get a free quote today.
Pricing of your bond depends on industry regulations and the applicant’s personal credit. You are not required to pay the complete bond amount but only a percentage based on your credit. Typically rates range from 0.5% to 8% of the full bond amount. The Delaware motor vehicle dealer bond amount is shown below: