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Virginia Motor Vehicle Dealer, Virginia Auto Dealer Bond:

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

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

  • Virginia, New/Used Motor Vehicle Dealer bond requirement (Motor Vehicle Dealer Board) – $50,000 Surety Bond
  • Virginia, Motor Home Dealer bond requirement (Department of Motor Vehicles) – $25,000 Surety Bond
  • Virginia, Travel Trailer Dealer bond requirement (Department of Motor Vehicles) – $25,000 Surety Bond
  • Virginia, Trailer Dealer bond requirement (Department of Motor Vehicles) – $25,000 Surety Bond
  • Virginia, Motorcycle Dealer bond requirement (Department of Motor Vehicles) – $25,000 Surety Bond

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

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

(See Also: Cost Expectations for Auto Dealer Bonds)

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More About Surety Bonds:
Typical Performance Bond Cost, Rates, Premium

Performance Bond cost can vary based on several variables. Each application has unique aspects that affect the cost. Read about how the cost is figured.

How to get an Auto Dealer Bond

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.

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