FAST. CHEAP. BONDED.
What is a Motor Vehicle Dealer Bond?
An MVD bond is required to protect and compensate your customers should they become victims of fraud or unethical business practices by your dealership. Should a claim arise, the surety company will compensate the claimant; however, the dealer will have to reimburse these costs to the surety later which means it’s in your best interest to adhere to all regulations while conducting business as outlined by your governing State’s DMV.
What's the cost of a Motor Vehicle Dealer Bond?
Cost of an auto dealer bond is mainly based on the applicants credit profile. The higher the profile the lower the cost. Rates start at less than 1% of the bond amount for most states.
What if I have a bad credit score?
JM Surety is proud to offer competitive rates to applicants whose credit profile doesn’t qualify for the preferred rate.
When will I receive my bond?
Once the bond order has been placed, JM Surety will email you an executed bond in minutes. When required by the State, JM Surety will also mail you a hard copy which will be ready to be filed.
Why should I choose JM Surety?
JM Surety will always offer you the lowest rates available, won’t charge broker fees, and makes your satisfaction our first goal.
