Who Requires the Motor Vehicle Dealer Bond and Why Is It Needed?
The state of Vermont statutes and the Vermont Department of Motor Vehicles require that those transacting business as new motor vehicle dealers or used motor vehicle dealers furnish a surety bond. The purpose of the bond is to indemnify any person transacting business with the principal for any financial loss sustained and to indemnify the state of Vermont in case of the principal's failure to remit fees collected to the Commissioner of Motor Vehicles.
How Much Will My Surety Bond Cost?
Take 2 minutes to provide the basic information required to get the best rates for your Vermont Motor Vehicle Dealer Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.
If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.
