The Tennessee Motor Vehicle Dealer bond is a License Surety Bond that serves to protect Tennessee'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 Tennessee state legal statutes. A Tennessee Motor Vehicle Dealer bond may be required as part of the Motor Vehicle Dealer licensing and/or vehicle registration process.
In Tennessee, the required Motor Vehicle Dealer bond amount is as follows:
You should always check with the State of Tennessee Department of Commerce and Insurance Division of Regulatory Boards Motor Vehicle Commission, or requesting agency, for the most current required Tennessee Motor Vehicle Dealer bond amount as well as the required bond forms.
Viking Bond Service, Inc. writes Tennessee 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 Tennessee Motor Vehicle Dealer bond applications and provide competitive quotes for them.
(See Also: Cost Expectations for Auto Dealer Bonds)
If you need an Auto Dealer Bond, we can guide you every step of the process. Get all the information you need to move forward.