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:
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:
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%.
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.
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.Get Started