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Auto Dealer Bonds
How to Get Started
Getting the Auto Dealer Bonding process started with Viking is easy. There are several ways to get started on an Auto Dealer Bond with Viking:
- Call us. We are happy to take your call and go over your specific Auto Dealer Bond request person to person. (1-888-278-7389)
- Email us. You can email us with any questions or an explanation of what you are looking for. Be sure to include contact information so one of our specialists can get back to you via your preferred method of communication.
- Complete the Contact Form and indicate Auto Dealer Bond as the Bond type. One of our specialists will contact you shortly after you complete the form.
- Use an existing Auto Dealer Bond application. If you have already completed an application elsewhere, you may send that application in to us and we will work from it, rather than you completing a new one. Additionally, you can send in any Auto Dealer Bond quote received elsewhere and we will attempt to beat it.
- The Auto Dealer online application will be available soon.
The Auto Dealer Bond Explained
An Auto Dealer Bond is a type of License Surety Bond. The Bond is required of Auto Dealers to obtain a Motor Vehicle
Dealer license in their state. An Auto Dealer Bond will be required for as long as the Auto Dealer remains licensed
in that state.
The Bond serves to protect consumers from acts such as fraud, misrepresentation or similar state statue. In an instance
where an Auto Dealer violates state statutes, a claim can be made against the Bond. If the claim is found to be valid
by the Surety Company, the Auto Dealer will ultimately be financially responsible for the amount paid out on the claim.
Auto Dealer Bond amounts vary by state.
Auto Dealer / Motor Vehicle Dealer Bonds are known by many names as are many other Surety Bonds. Some of the common
names for these Bonds are: Dealer Bond, MVD Bond, Auto Bond, Used Car Dealer Bond, Wholesale Dealer Bond and Dealership
Bond. These names all refer to the same type of Bond.
Auto Dealer Bond Rates
Viking works with markets that welcome Auto Dealer Bonds. Rates for these bonds will vary based on the quality of credit
and in some cases, financials. The better the credit, and financials if required, the better the rate. Poor credit will
typically receive higher quotes and/or additional conditions but can still be approved.
Upon Bond Renewal, if applicable and requested, Viking can remarket the Bond to search for a better rate based on the
updated credit and/or financials.
The Auto Dealer Bonding Process
The first step to getting your Auto Dealer Bond in hand is to contact us. The next step is to send a completed application.
Business and Personal financials are not always required but could potentially help to get a more favorable quote.
Once the application is received, we will seek approvals and quotes from our Surety Companies. Upon receipt of Surety approval,
we will relay the most favorable terms to you. Auto Dealer Bond quotes are typically received within 24 hours of receiving the
application. Viking Quotes are free with no obligation.
Lastly, simply pay the premium and receive your Auto Dealer Bond!
Viking can assist with ANY type of Surety Bond
Viking Bond Service, Inc. has the necessary Surety relationships that enable us to assist with any type of Surety Bond. We are able to assist with Contract Bonds of all amounts, Court Bonds, Financial Guarantee Bonds, License and Permit Bonds, as well as all other Miscellaneous Surety Bonds. We also work with Fidelity Bonds. Whether you require an Auto Dealer Surety Bond or any other type of Commercial Dealer Bond, Viking can provide fast quotes, great rates and friendly service.
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