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North Carolina Motor Vehicle Dealer Bond

The Division of Motor Vehicles (DMV) of North Carolina requires you to post a surety bond before operating your vehicle dealer within the state.

 

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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
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What is a North Carolina Motor Vehicle Dealer Bond?

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.

Questions? Contact us today877.841.6745

 

 

Bonding Solutions | North Carolina Motor Vehicle Dealer Bond
Bonding Solutions | North Carolina Motor Vehicle Dealer Bond
Bonding Solutions | North Carolina Motor Vehicle Dealer Bond

How much North Carolina Auto Dealer Bond Cost?

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:

  • $50,000- Orginal Location of Motor Vehicle Dealer
  • $25,000- Subsequent Location of Motor Vehicle Dealer

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.

 

 

Why is North Carolina Motor Vehicle Dealer Bond Required?

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.

How do I get started?

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.

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Additional Resources

North Carolina Department of Transportation Division of Motor Vehicles License

North Carolina: Dealer Licensing

Statues for North Carolina: Grounds for denying, suspending, placing on probation, or revoking licenses

North Carolina Application for Motor Vehicle Dealers Information

Surety Bond List

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Questions?

Call us today to speak to a Surety Bond Specialist

(877) 841-6745