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South Carolina Auto Dealer Bond | South Carolina Motor Vehicle Bond

For car, motorcycle or RV dealers looking to set up shop in the state of South Carolina, certain auto dealer bond requirements need to be met. If you're an aspiring auto dealer in SC, it's a good idea to familiarize yourself with some of the basic information surrounding South Carolina motor vehicle bonds. If you have any questions, the surety bond experts at Viking Bond Service, Inc. are happy to assist you.

About South Carolina Auto Dealer Bonds

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

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

  • South Carolina, Original Motor Vehicle Dealer bond requirement - $30,000 Surety Bond
  • South Carolina, Motor Vehicle Wholesaler bond requirement - $30,000 Surety Bond
  • South Carolina, Wholesale Auto Auction bond requirement - $15,000 Surety Bond
  • South Carolina, Motorcycle Dealer bond requirement - $15,000 Surety Bond
  • South Carolina, Travel Trailer Dealer bond requirement - $15,000 Surety Bond

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

How to Get a Auto Dealer Bond in South Carolina

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

There are three parties involved in an auto dealer bond: the obligee, the principal, and the surety. The obligee is the party that requires the bond, in this case the state of South Carolina. They require this bond as a safeguard against auto dealer fraud and other forms of malpractice. Next, there's the principal, which is the entity that is to be bonded. This is you, the auto dealer. Lastly, the surety serves as the underwriter of the bond and steps in when there's a valid bond dispute.

Your Surety Bond Partner

Viking Bond Service, Inc. is committed to providing prospective auto dealers all over South Carolina with the surety solutions they need to meet local requirements. With over thirty years of experience providing bonds around the country, we have the skills to meet the needs of new auto dealers and experienced enterprises alike. Whatever your surety bond needs are, our experts are proud to provide you with a superior level of service. When you're ready to get started, call us at 1-888-278-7389 or request a quote online.

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