Home / Motor Vehicle Dealer, Auto Dealer Bond / North Carolina Motor Vehicle Dealer, North Carolina Auto Dealer Bond

North Carolina Motor Vehicle Dealer, North Carolina Auto Dealer Bond:

The North Carolina Motor Vehicle Dealer bond is a License Surety Bond that serves to protect North Carolina'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 North Carolina state legal statutes. A North Carolina Motor Vehicle Dealer bond may be required as part of the Motor Vehicle Dealer licensing and/or vehicle registration process.

In North Carolina, the required Motor Vehicle Dealer bond amount is as follows:

• North Carolina, Motor Vehicle Dealer bond requirement – $50,000 Surety Bond for one place of business, $25,000 for each additional place of business

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

Viking Bond Service, Inc. writes North Carolina 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 North Carolina Motor Vehicle Dealer bond applications and provide competitive quotes for them.

(See Also: Cost Expectations for Auto Dealer Bonds)