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:
Many states in the U.S. require licensed auto dealers to obtain a surety bond as a part of their licensing requirements. Missouri is one of those states. The state requires all motor vehicle dealers renewing or applying for a dealer license to carry a motor vehicle dealer bond. The bond provides protection to the state, consumers, and others from illegal actions committed by auto dealers.
Get started by reaching out to one of our knowledgable agents or by filling out our online application.
Generally, these bonds are issued at 0.5% – 1% annually. However, an underwriter will need to review your application before offering terms. Rest assured that Bonding Solutions will be able to offer you the best rate possible.
Motor Vehicle Dealer Bond – $50,000
A motor vehicle dealer bond assures the public, state, and other parties that a licensed dealer will adhere to state laws and licensing regulations. If someone is impacted by a bonded dealer’s unethical behavior, they can claim their surety bond.
Missouri dealer bonds are continuous until cancellation is requested. The request must be in writing 30 days prior to the cancellation date.