New Mexico Auto Dealer Bond Video
New Mexico requires an auto dealer bond for every license classification they offer.
This video will explain what a New Mexico auto dealer bond is... the different bond amounts for each license classification... and how we can help you get the lowest possible price for your bond.
I encourage you to skip around to the parts that you want to learn about. The most important part starts at 2:59.
- 00:20 - Video agenda
- 00:46 - Dealer license classifications
- 01:29 - What is an auto dealer surety bond?
- 01:39 - The promises you make as a licensed dealer
- 01:53 - Why are you being required to purchase this bond?
- 02:24 - Examples of fraudulent dealer actions
- 02:59 - What is your surety bond amount?
- 03:26 - How much will your auto dealer bond cost?
- 03:45 - The 3 factors that determine the price of your bond
- 04:24 - 4 steps to get your dealer bond in one to two days
- 04:37 - Step 1 is to request your price quote
- 05:21 - Pricing examples
- 05:54 - Step 2 is purchase your surety bond
- 06:31 - Step 3 is get your bond issued
- 06:59 - Step 4 is to submit your bond with your application
- 07:09 - What is your bond term?
- 08:08 - 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
5 Steps To Getting Your New Mexico Auto Dealer License
Here are the steps to get a New Mexico auto dealer license and all of the details you need to know to get your application approved on first submission.
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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