Louisiana Motor Vehicle Dealer Bond - Fast Approval and Affordable Rates

Louisiana Motor Vehicle Dealer Bond

Auto dealer bonds are mandatory by the state of Louisiana as an important part in receiving your correct business licensing.

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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 a Louisiana Motor Vehicle Dealer Bond?

Motor Vehicle dealer bonds in the state of Tennessee are mandatory to be posted before conducting business. An auto dealer bond, similar to other surety bonds, acts as an agreement between three separate parties, the Louisiana Department of Motor Vehicles (obligee), the surety company, and the vehicle dealer (principal). Fraudulent activity or illegal business practices are against state laws and regulations. Any consumer who is wronged by these bad business practices can claim the surety bond.

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Bonding Solutions | Louisiana Motor Vehicle Dealer Bond
Bonding Solutions | Louisiana Motor Vehicle Dealer Bond
Bonding Solutions | Louisiana Motor Vehicle Dealer Bond

How much will my Louisiana Auto Dealer Bond Cost?

Bonding Solutions has been earning its agents and clients industry-low rates for over 20 years. Motor Vehicle Dealer Bonds are subject to underwriting; therefor you are not required to pay the full bond amount but only a percentage based on the applicant’s credit. Typically you will receive 0.5% to 8% depending on your personal credit history. Louisiana has four different types of auto dealer bonds pricing is shown below:

  • New or Used Motor Vehicle Facility- $10,000
  • Specialty Dealer- $20,000
  • New Motor Vehicle Dealer- $20,000
  • Used Vehicle Dealers- $50,000

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Why is this Louisiana Motor Vehicle Dealer Bond Required?

Auto Dealer Bonds, also referred to as Motor Vehicle Dealer Bonds, are required by the Louisiana Department of Motor Vehicles to ensure the buyer’s safety. The surety bond is mandatory to be posted to make sure all business is conducted according to Chapter 4 of Title 32 of the Louisiana Revised Statutes of 1950.

How do I get started?

Getting started is made simple when working with Bonding Solutions start by completing our two-minute online application or give us a call. Next, we will quickly get back to you with our terms and pricing. Once you pay for your bond at the lowest rate possible, we will email and send it the same day.

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Additional Resources

Louisiana Motor Vehicle Commission

Louisiana Chapter 6 of Title 32 Revised Statues Motor and Louisiana Motor Vehicle Commission

Surety Bond List

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