If you're looking to be licensed as an auto dealer in the state of Kansas, you'll want to be well-versed when it comes to auto dealer bonds. Motor vehicle dealer bonds in Kansas are used to protect consumers from financial damages when they work with an auto dealer who breaches the sales contract. At we're committed to helping auto dealers of all sizes get the surety bonds that they need.
The Kansas Motor Vehicle Dealer bond is a License Surety Bond that serves to protect Kansas'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 Kansas state legal statutes. A Kansas Motor Vehicle Dealer bond may be required as part of the Motor Vehicle Dealer licensing and/or vehicle registration process.
In Kansas, the required Motor Vehicle Dealer bond amount is as follows:
You should always check with the Kansas Department of Revenue, or requesting agency, for the most current required Kansas Motor Vehicle Dealer bond amount as well as the required bond forms.
writes Kansas 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 Kansas Motor Vehicle Dealer bond applications and provide competitive quotes for them.
To understand how an auto dealer bond works in Kansas, we first must know who the parties involved are.
These three parties work together to ensure that there is confidence on all sides of the equation.
Surety bond prices are determined as a percentage of the bond amount and are based on a number of factors. Credit history, the applicant's financial strength and prior bonding history can all be determining factors when calculating surety bond premiums. Viking Bond Service is committed to serving auto businesses in Kansas the surety bonds they need at the lowest possible premium. In addition, we offer those with less-than-perfect credit assistance through our poor credit surety bond program. Kansas vehicle dealer bond quotes typically fall between 1% and 3% of the requested bond amount.
No matter what your surety bond needs are, Viking Bond Service has the expertise to meet your needs. Give us a call at 1-888-278-7389, or complete an online application to get started today!
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