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 in the state of Iowa are a mandatory requirement prior to conducting business. This auto dealer bond, similar to other surety bonds, acts as an agreement between three separate parties the vehicle dealer (principal), the Iowa Department of Motor Vehicles (obligee), and the surety company. Posting a surety bond is to protect the buyer, not the business. If a consumer is wronged by the business due to illegal business activity they can make a claim against the dealer’s surety bond.
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Bonding Solutions has worked with clients and agents for longer than 20 years, developing proprietary programs that allow auto dealers to receive industry-low pricing on their bonds. Get a free quote today.
The cost of your surety bond depends on industry regulations and the applicant’s personal credit history. Typically rates range from 0.5% to 8% of the total bond amount. Iowa vehicle dealer bonds pricing is shown below:
Surety bonds are commonly required by most states in regards to auto dealer license. They assure the public a certain amount of protection from fraud or illegal business activity that a dealer may engage in. Motor vehicle dealers in the state of Iowa must obtain a surety bond as a part of their business license requirements.
Obtaining your auto dealer bond from Bonding Solutions is simple and straightforward. Start by filling out our two-minute online application or call one of our agents. We will quote you on your requested bond as soon as we receive your information. After you pay for your bond, we will email and send you the surety bond the same day.Get Started