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North Carolina Auto Dealer Bond

Before you get your North Carolina dealer license issued, you'll need to purchase a surety bond called a North Carolina auto dealer bond. If this is your first time getting licensed, the concept of a surety bond is probably new to you.

This video was created to explain what an auto dealer bond is and why the Division of Motor Vehicles requires it.

Check the timestamps below if you want to jump around. If you have any questions, ask in the comments and I'll personally answer you.

  • 00:25 - Video agenda
  • 00:49 - 5 dealer license classifications
  • 01:11 - What is an auto dealer bond?
  • 01:38 - What does an auto dealer bond protect against?
  • 02:19 - Examples of dealer misconduct and fraud
  • 02:51 - What is the bond amount?
  • 03:17 - How much does a dealer bond cost?
  • 03:37 - Primary factors that determine the bond cost
  • 04:09 - How to NOT overpay for your auto dealer bond
  • 04:36 - How the price quote process proceeds
  • 05:22 - Example rates and prices
  • 05:51 - How long does it take to get your bond?
  • 06:15 - How to keep your dealer bond active
  • 07:11 - How to get pricing today

Read about post about the steps to get your North Carolina auto dealer license.

Auto Dealer Bond

Auto Dealer Bond

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!

The 9 Steps To Get Your Dealer License In North Carolina

The 9 Steps To Get Your Dealer License In North Carolina

To get your dealer license in North Carolina, there are only 9 steps to follow. North Carolina makes this pretty easy so it should not take you long. Let's go!

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