The South Dakota Motor Vehicle Dealer bond is a License Surety Bond that serves to protect South Dakota'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 South Dakota state legal statutes. A South Dakota Motor Vehicle Dealer bond may be required as part of the Motor Vehicle Dealer licensing and/or vehicle registration process.
In South Dakota, the required Motor Vehicle Dealer bond amounts are as follows:
You should always check with the South Dakota Department of Revenue Motor Vehicles Division, or requesting agency, for the most current required South Dakota Motor Vehicle Dealer bond amount as well as the required bond forms.
Viking Bond Service, Inc. writes South Dakota 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 South Dakota Motor Vehicle Dealer bond applications and provide competitive quotes for them.
(See Also: Cost Expectations for Auto Dealer Bonds)
The bonding process for an Auto Dealer is simple. Start with a quote, end with your bond in hand. We keep the process simple.