Indiana Auto Dealer Bond
Indiana requires an motor vehicle dealer bond for every license classification they offer.
This video will explain what an Indiana auto dealer bond is... the different bond amounts for each license classification... and how much your bond is going to cost you.
I encourage you to skip around to the parts that you want to learn about. The most important part starts at 2:59.
- 00:23 - Video agenda
- 00:49 - Dealer license classifications
- 01:24 - What is an auto dealer surety bond?
- 01:34 - The promises you make as a licensed dealer
- 01:47 - Why are you being required to purchase this bond?
- 02:18 - Examples of fraudulent dealer actions
- 02:54 - What is your surety bond amount?
- 03:17 - How much will your auto dealer bond cost?
- 03:36 - The 3 factors that determine the price of your bond
- 04:26 - 4 steps to get your dealer bond in one to two days
- 04:27 - Step 1 is to request your price quote
- 05:10 - Pricing examples
- 05:44 - Step 2 is purchase your surety bond
- 06:20 - Step 3 is get your bond issued
- 06:49 - Step 4 is to submit your bond with your application
- 06:59 - What is your bond term?
- 07:58 - Get your auto dealer bond steps recap
Other Resources
- Learn how to get your Indiana auto dealer license
- Learn more about what is a surety bond
The 5 Indiana Motor Vehicles Dealership Licensing Steps
Here are the 5 steps to get your Indiana auto dealer license with the most confusing steps covered in details to answer all your questions.
Your dealership application requires a surety bond called an auto dealer bond. Learn what this bond is and how to buy it for as little as possible!
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