Virginia Auto Dealer Surety Bond
The Virginia Motor Vehicle Dealer Board requires all auto dealer license classifications to purchase a surety bond as one of the requirements to have a license issued.
This video will explain the auto dealer bond requirement and help you get pricing for your $50,000 Virginia auto dealer bond.
Use the timestamps to jump around if you need to.
- 00:19 - Video agenda
- 00:44 - Virginia vehicle dealer license classifications
- 01:09 - What is an auto dealer surety bond?
- 01:42 - What does an auto dealer surety bond protect against?
- 02:14 - Examples of auto dealer fraud
- 02:47 - What is the bond amount?
- 03:19 - Optional Transaction Recovery Fund bond
- 04:02 - How is your specific price going to be determined?
- 04:55 - How are you going to get the lowest possible rate?
- 05:07 - Step 1 is to go request your price quote
- 05:40 - Real price examples based on different quoted rates
- 05:59 - Step 2 is to purchase your bond when you're ready
- 06:10 - Step 3 is to get your bond issued
- 06:42 - How to keep your surety bond active year to year
- 07:12 - Virginia vehicle dealer surety bond process recap
- 07:53 - Go get your pricing today so you know what to do next
Many of our vehicle dealer customers get licensed in neighboring states. If you might get licensed in a neighboring state, here's the information you need:
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!
Virginia Auto Dealer Surety Bond
Learn what the Virginia auto dealer surety bond is, why you're required to purchase it, and how to get pricing and save hundreds of dollars purchasing yours.
North Carolina Auto Dealer Bond
Getting your North Carolina dealer license means buying an auto dealer bond. Learn about this requirement and how to buy your bond for less money.
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