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 are mandatory requirements for all operating vehicle dealers throughout most states in the US. This bond is required to prevent consumers being harmed due to dealer illegal business activity. A surety bond also acts as a contract ensuring the auto dealer conducts business according to Maine’s statues and laws.
The required bond amount of dealer surety bonds in Maine differ based on the number of vehicles sold, as noted below. The cost of the bond depends on the applicant’s credit and other industry qualifications. Maine motor vehicle dealer bonds require different amounts as stated below:
The auto dealer doesn’t pay the bond amount listed above, but rather only pays a percentage based on credit. With excellent credit, we offer rates as low as 0.5%!
Surety bonds are enforced by the state to ensure the public’s safety, this allows any consumer that is a victim of the vehicle dealers illegal business activity to make a claim against the bond. The state of Maine requires this surety bond to be posted to make sure the vehicle dealers conduct business in compliance with Title 29A M.R.S.A and state statutes.
Bonding Solutions has been helping direct clients and agents for over 20 years. We make getting a bond simple. Start by taking our two-minute online application or call. After we review your credit score and application information, we will send you a quote for your bond. Once you pay for your surety bond, we will email and send you the bond the same day.Get Started