This surety bond is required by the New York State Department of Motor Vehicles. The required bond amount required for those who sell less than 200 vehicles a year is $10,000 and $25,000 for those who sell more than 200 vehicles per year. The bond ensures that the bondholder will operate business pursuant to Vehicle and Traffic Law Section 415(6-b). The premium on this bond is generally as low as $100.
To Acquire a New York Motor Vehicle Dealer Bond :
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.