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:
Auto dealer bonds are mandatory in most states in the country. Motor vehicle dealers in Oregon must acquire a bond before conducting any business. This surety bond acts as a contract between the operating vehicle dealer, the surety, and the state of Oregon. This ensures any buyer that they will be protected in the event of fraud or illegal dealer activity. The surety bond also enforces that the said vehicle dealer must abide by the state’s rules and regulations.
The price of a surety bond can vary depending on the applicant’s personal credit and experience. Oregon motor vehicle dealer bonds are posted at different amounts depending on the type of vehicle dealer licensed.
The applicant is not required to pay the complete bond amount but only a percentage based on your personal credit. Applicants with excellent you could receive rates as low as 0.5%.
Regardless of your credit history, Bonding Solutions helps motor vehicle dealers receive the industry’s lowest rates on their surety bonds. Contact us today to get your free quote. 877.841.6745
Posting a surety bond does two things. First, it ensures the safety of the public. If any buyer is financially harmed by an auto vehicle dealer due to fraud or illegal business operations, a claim can be made against the bond. The second assures that any operating vehicle dealer in the state of Oregon will conduct business adhering to Oregon’s licensing statutes and laws.
Bonding Solutions has served clients and agents for over 20 years. We make obtaining a surety bond as simple as possible. Start by taking two minutes and filling out our online application or calling an agent. Once we receive your information, we will send you a free quote on your bond. Finally, you pay for the bond and we will email and ship it to you the same day.Get Started