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:
The state of Montana requires all licensed auto, franchise, wholesale, auto auction, broker, and manufactured home dealers to obtain a surety bond as a part of licensing requirements. All of these bonds carry a $50,000 bond requirement except the following: franchised dealers that sell only street-legal motorcycles are only required to post a $15,000 bond. And franchised dealers that only sell snowmobiles and non-street legal motorcycles are only require to post a bond amount of $5,000.
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
Franchised Motorcycle Dealers (street legal) – $15,000
Franchised Snowmobile & Motorcycle Dealers (non-street legal) – $5,000
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.
Montana dealer bonds are continuous until cancellation is requested. The request must be in writing, with the reason for cancellation, 30 days prior to the cancellation date.