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:
States throughout the country require auto vehicle dealers to post a surety bond, Florida is among those states. Acquiring this motor vehicle dealer bond is part of your business licensing requirements. An agreement is made when posting a surety bond, between the vehicle dealer, the surety, and the State of Florida stating that the motor vehicle dealer will abide by all state statutes and regulations.
Posting a surety bond with Bonding Solutions is simple, we have served clients and agents for over 20 years. Any motor vehicle dealer in Florida must obtain a surety bond before conducting business. There are two types of auto dealer bonds in the state pricing for both is shown below:
The pricing of your bond depends on industry regulations and the applicant’s personal credit. You are not required t6o pay the full $25,000 but only a percentage based on your personal credit. Typically rates range from 0.5% to 8% of the full bond amount. Talk with a surety expert today.
Posting a surety bond is mandatory in the state of Florida to protect the public, not the dealer’s business. This specific auto dealer bond is required to assure consumers that any operating auto dealer in Florida will conduct business according to Florida’s Statutes and applicable laws. If the buyer is wronged by the vehicle dealer by fraud or illegal business activities, a claim can be made against the bond.
Posting a surety bond is made simple with Bonding Solutions. Begin with taking our two-minute online application or give us a call. After we receive your correct information we will send over a quote for your requested bond. Once you pay for your bond we will email and send your bond the same day.Get Started