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:
Posting a bond acts as a contract between the principal (dealer), the surety, and the obligee (the State) stating that the motor vehicle dealer will abide by the state of Rhode Island’s statues and applicable laws. Bonding Solutions has created programs allowing bond applicants to receive industry-low pricing regardless of credit. Get your quote today
Motor vehicle dealers in the state of Rhode Island are required by The Rhode Island Dealers’ License and Regulations Office to post a surety bond before conducting business. Similar to most surety bonds, this auto dealer bond is subject to underwriting, and the rate will depend on the applicant’s experience and credit. A motor vehicle bond in the state of Rhode Island is required to be posted at $50,000.
A motor vehicle dealer bond is required by the Rhode Island Division of Motor Vehicles to ensure the public’s safety. If any consumer is harmed by the business due to illegal business activities they can make a bond claim. Examples are listed below:
Posting a motor vehicle dealer bond with Bonding Solutions is simple. Start by filling out our two-minute online application or give us a call. After we receive your information we will send you a quote on your requested bond. Lastly, you pay for your motor vehicle dealer bond then we email and ship it to you the same day.