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Maryland Motor Vehicle Dealer, Maryland Auto Dealer Bond:

The Maryland Motor Vehicle Dealer bond is a License Surety Bond that serves to protect Maryland's citizens by providing a path for recourse in situations where an Auto Dealer does not adhere to the laws, rules, and regulations as set in Maryland state legal statutes. A Maryland Motor Vehicle Dealer bond may be required as part of the Motor Vehicle Dealer licensing and/or vehicle registration process.

In Maryland, the required Motor Vehicle Dealer bond amounts are as follows:

  • Maryland, New Motor Vehicle Dealer bond requirement – Amount determined by sales:
    1 – 500$50,000 Surety Bond
    501 - 1,000$75,000 Surety Bond
    1,001 - 2,500$100,000 Surety Bond
    Over 2,500$300,000 Surety Bond
  • Maryland, Used Motor Vehicle Dealer bond requirement – Amount determined by sales:
    1 – 250$15,000 Surety Bond
    251 - 500$25,000 Surety Bond
    501 - 1,000$35,000 Surety Bond
    1,001 - 2,500$50,000 Surety Bond
    Over 2,500$150,000 Surety Bond
  • Maryland, Wholesale Motor Vehicle Dealer bond requirement – Amount determined by sales:
    1 – 250$15,000 Surety Bond
    251 - 500$25,000 Surety Bond
    501 - 1,000$35,000 Surety Bond
    1,001 - 2,500$50,000 Surety Bond
    Over 2,500$150,000 Surety Bond
  • Maryland, Trailer Dealer bond requirement – Amount determined by type:
    Boat Trailer$5,000 Surety Bond
    Under 15 feet$5,000 Surety Bond
    Over 15 feet$15,000 Surety Bond
  • Maryland, New Motorcycle Dealer bond requirement – Amount determined by sales:
    1 – 500$50,000 Surety Bond
    501 - 1,000$75,000 Surety Bond
    1,001 - 2,500$100,000 Surety Bond
    Over 2,500$300,000 Surety Bond
  • Maryland, Used Motorcycle Dealer bond requirement – Amount determined by sales:
    1 – 250$15,000 Surety Bond
    251 - 500$25,000 Surety Bond
    501 - 1,000$35,000 Surety Bond
    1,001 - 2,500$50,000 Surety Bond
    Over 2,500$150,000 Surety Bond
  • Maryland, New Emergency Vehicle Dealer bond requirement – Amount determined by sales:
    1 – 500$50,000 Surety Bond
    501 - 1,000$75,000 Surety Bond
    1,001 - 2,500$100,000 Surety Bond
    Over 2,500$300,000 Surety Bond
  • Maryland, Used Emergency Vehicle Dealer bond requirement – Amount determined by sales:
    1 – 250$15,000 Surety Bond
    251 - 500$25,000 Surety Bond
    501 - 1,000$35,000 Surety Bond
    1,001 - 2,500$50,000 Surety Bond
    Over 2,500$150,000 Surety Bond
  • Maryland, Title Services bond requirement - $25,000 Surety Bond
  • Maryland, Vehicle Manufacturer, Vehicle Second Stage Manufacturer, Vehicle Distributor, Vehicle Factory Branch bond requirement – Amount determined by number of vehicles sold:
    1 – 50$25,000 Surety Bond
    51 - 500$50,000 Surety Bond
    501 - 10,000$100,000 Surety Bond
    Over 10,000$300,000 Surety Bond

You should always check with the Maryland Department of Transportation Motor Vehicle Administration, or requesting agency, for the most current required Maryland Motor Vehicle Dealer bond amount as well as the required bond forms.

Viking Bond Service, Inc. writes Maryland Motor Vehicle Dealer bonds. We can assist both clients with good credit, and clients with bad credit. Typically, the worse the credit, the higher the surety bond premium will be. In either case, we always work to get the best quote for you. Viking has partnered with markets that welcome Maryland Motor Vehicle Dealer bond applications and provide competitive quotes for them.

(See Also: Cost Expectations for Auto Dealer Bonds)

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