Indiana Motor Vehicle Dealer Bond - Fast Approval and Affordable Rates!

Indiana Motor Vehicle Dealer Bond

To operate as a vehicle dealer in the state of Indiana, you must obtain the correct business licensing, part of which includes acquiring an auto dealer bond.

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Why work with Bonding Solutions? Simple! We are different!

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:

  • #1 Rated Bond Agency Nationwide
  • Find the Lowest Bond Costs in Minutes
  • Quickest Approvals
  • Pay Instantly Online – 100% Secure
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What is an Indiana Motor Vehicle Dealer Bond?

Surety bonds are a vital part of your business licensing requirements. A vehicle dealer bond is an agreement between the state, dealer, and the surety company that states the motor vehicle dealer will abide by all laws and ordinances set by the Secretary of State. The Indiana Code 9-32 lists all terms that the dealer must follow. The state of Indiana has mandatory vehicle merchandising bonds for these eight different types of businesses listed below:

  • Automobile Auctioneer
  • Manufacturer
  • Wholesale Dealer
  • Distributor
  • AutoMobility Dealer
  • Factory Representative and Factory Branch
  • Dealer
  • Transfer Dealer

Ready to receive your bond at an industry-low rate? Contact us now. 877.841.6745

 

Bonding Solutions | Indiana Motor Vehicle Dealer Bond
Bonding Solutions | Indiana Motor Vehicle Dealer Bond
Bonding Solutions | Indiana Motor Vehicle Dealer Bond

How much will my Indiana Motor Vehicle Bond Cost?

Vehicle merchandisers are required by the Indiana Secretary of State to obtain a surety bond. Similar to most bonds they are subject to underwriting, you will not pay the full bond amount but only a percentage based on your personal credit. Auto dealer bonds in the state of Indiana are $25,000, but with excellent credit, you can pay as low as 0.5%.

Don’t have perfect credit? Not a problem. Bonding Solutions can provide industry-low rates regardless of credit.  Apply for your bond now or call us

Why is this Indiana Auto Dealer Bond Required?

This bond assures the public that a bonded dealer will adhere to all state laws and regulations. Surety bonds are required to protect the consumer from any illegal business practices or fraud that a motor vehicle dealer might commit. Indiana auto dealer bonds are continuous for one year from the start date; this bond can be canceled if the surety company gives the Secretary of State a 30-day notice or if the professional’s business license is terminated.

How do I get a Motor Vehicle Dealer Bond in Indiana?

Bonding Solutions has innovated up to date and new programs that allow our clients and agents to receive the lowest rates possible. Acquiring your bond is simple, get started by taking our two-minute online application or call us. After looking over your information we will send over our terms with pricing. Lastly, you pay for your bond then we ship and email it to you the same day.

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Additional Resources

Indiana Government Auto Dealer Services Division: Licensing Info

Indiana Secretary of State License Application: Manufactuers 

Indiana Secretary of State: Dealer bond Requirments 

 

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Questions?

Call us today to speak to a Surety Bond Specialist

(877) 841-6745