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:
Surety bonds are the main requirements of most business licensing throughout the United States. This bond acts as a contract that states the motor vehicle dealer will conduct business according to North Carolina’s Statues and applicable laws. A bonded dealer allows the consumer to be protected from their illegal activities or fraud.
The pricing of a surety bond is dependent on a couple of factors. Two of these factors are industry experience and the applicant’s personal credit. Bond amounts vary between states; North Carolina’s has two types of auto dealer bonds listed below:
Motor vehicle dealers are not required to pay the full bond amount but only a percentage based on credit. Typically you’ll pay around 0.5% to 10% on your surety bond.
North Carolina requires a motor vehicle dealer to carry a bond of $50,000 or $25,000 depending on the motor vehicle dealer’s circumstances (see amounts above). The set bond amount is not only there to protect the consumer from any fraud or illegal business activities but to ensure the public that the vehicle dealer is conducting business according to Nebraksas State Laws and Statutes.
Obtaining a motor vehicle dealer bond from Bonding Solutions is quick and straightforward. Start by taking two minutes to fill out our online application or call us. After we receive your information, we will send you a quote on your requested bond. Lastly, you pay for your bond, then we email and ship it to you the same day.Get Started