New York Motor Vehicle Dealer Bond

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 : 

  1. Complete an online application.
  2. One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
  3. 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.