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Nevada Auto Dealer Bond

Auto Dealer Bond in Nevada

If you’re an auto dealer looking to conduct business in Nevada, you’ll need a Nevada auto dealer bond. Auto dealer surety bonds are used to protect consumers by guaranteeing that they are able to receive financial reimbursement in the event that there is a breach in the sales contract. Auto dealer bonds are an important factor of the confidence that consumers and governing bodies have in your business.

Nevada Auto Dealer Bonds Perfected

When it comes to finding a team that can help you with your surety bond needs, Viking Bond Service has years of experience helping auto dealers in Nevada secure motor vehicle dealer bonds. We work to assure that your surety bond needs are met in a superior way. Sometimes known as “motor auto dealer bonds” or “Nevada auto dealer license bonds”, auto dealer surety bonds are a necessary part of becoming a motor vehicle dealer in Nevada.

How to Get an Auto Dealer Bond in Nevada

To understand how an auto dealer bond works, we first have to know the parties involved. There are three parties involved in a Nevada auto dealer surety bond:

  • The obligee, who is the one who requires the bond, in this case the state of Nevada
  • The surety, who serves as the underwriter for the bond
  • The principal, who is the contractor or business that needs to be bonded

Now we can take a look at some frequently asked questions regarding Nevada auto dealer bonds:

Who needs an auto dealer bond in Nevada?

All motor vehicle, RV or mobile home dealerships in Nevada have to have an auto dealer bond. Acquiring an auto dealer surety bond is a necessary element of the dealership licensing process.

How are auto dealership bonds in Nevada obtained?

In order to obtain an auto dealer bond in Nevada, work with a bonding company that has a track record of helping auto dealers in Nevada, such as Viking Bond Service. The process of getting an auto dealer surety bond is simple: fill out our online application or call Viking Bond Service at 1-888-278-7389. Your quote can be calculated in a few easy steps, just submit the necessary documents, including a credit check, to get your quote. Once your application is complete, your paperwork is signed, and your premium is paid, you’ll receive your Nevada auto dealer bond in a timely manner.

How much does a Nevada auto dealer surety bond cost?

There are many factors involved in determining the cost of an auto dealer bond in Nevada. Premiums are calculated based on factors that can affect the probability of a claim being made, such as credit score and financial background. As such, there is no set cost. Quotes for NV auto dealer surety bonds usually fall within 1% to 3% of the required surety bond amount. Quotes can come in outside of the typical range as they are based on the individual applications. Viking Bond Service takes into account the whole of your surety needs to provide an unbeatable level of value and quality.

Viking Bond Service: Your Source for Nevada Auto Dealer Bonds

Viking Bond Service is dedicated to providing auto dealers in Nevada the surety bonds they need to earn confidence in the consumer marketplace. Call us at 1-888-278-7389, complete an Online Application or complete the contact form on this page to have one of our agents contact you shortly.

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