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:
Motor vehicle dealer bonds are mandatory to be posted in most states throughout the country. Posting this bond acts as an agreement between three parties stating that the vehicle dealer must abide by Wisconsin’s Statues and laws. This surety bond ensures the safety of any consumers if wronged due to illegal business or fraud, they can claim the dealer’s surety bond.
The pricing of a surety bond depends on the applicant’s personal credit history and other industry regulations. The Wisconsin Department of Transportation mandates that motor vehicle dealers, motor vehicle salvage dealers, motor vehicle wholesalers, recreational vehicle dealers, motor vehicle auction dealers, and moped dealers must post a surety bond before conducting business. The required bond amounts are listed below:
All motor vehicle dealer bonds are subject to underwriting. Typically the rate of surety bonds ranges from 0.5% to 10%. Bonding Solutions has helped clients and agents receive industry low pricing for over 20 years. Contact a surety expert today.
Posting a motor vehicle dealer bond in the state of Wisconsin, principals (dealers) pledge to conduct business according to Chapter 218 of the Wisconsin Statutes. A surety bond also protects the consumer from any fraud or illegal dealer activity. If a buyer is wronged by the auto dealer, a claim can be made against the dealer’s bond.
Bonding Solutions makes posting your motor vehicle dealer bond easy. Take two minutes to fill out our online application or call. After we receive the application information, we will send over your free quote. Once you pay for your surety bond, we will email you a copy and ship the original to you the same day.Get Started