New Mexico Motorcycle Dealer
The New Mexico Motorcycle Dealer is a $12,500.00 bond.
This bond is available in 1 year term.
The Motorcycle Dealer Bond guarantees compliance with law, payment of tax, and in some cases, payment of judgements. This bond is required in order to protect the public from wrongful actions of the dealer. The laws in each state may vary but each bond has the same basic premise. The bond is written to an obligee (usually the state).
Ashton Agency has a 99% approval rate and offers the Motorcycle Dealer Bond for New Mexico motorcycle dealers for one year.
Who needs the Motorcycle Dealer Bond?
In the State of New Mexico, Motorcycle Dealers are required to obtain a $12,500 Motorcycle Dealer Bond to be in compliance with Section 66-4-7 of the State of New Mexico Statutes Amended. All New Mexico motorcycle dealer bonds have a common expiration date of March 31st.
What is the Motorcycle Dealer Bond?
The Motorcycle Dealer Bond protects the party requesting the surety bond, the Obligee, against any financial losses as a result of poor financial choices, damages, unethical decisions, or a failure to adhere to state and local laws on the part of you, the Principal. By obtaining your auto dealer bond, you are telling the Obligee that you can be trusted and that you stand by your business decisions.
What else do I need besides the Motorcycle Dealer Bond?
In addition to the bond, the State of New Mexico requires that you carry garage liability insurance.
Ashton Agency can write your liability coverage too. Contact us today at (800) 452-2663 for a free, no-obligation quote on both your bond and insurance! We can write your bond for up to one year. Let us save you money!
Not sure what else you might need to get licensed or renewed? Check out the requirements here!
I have my bond and insurance.. What now?
Dealers will submit the original signed bond form to the New Mexico Motor Vehicle Division at the following address:
New Mexico Motor Vehicle Division
1100 S. St Francis Dr
Santa Fe, NM 87504
Motorcycle Dealer Bonds are also known as: New Mexico Motorcycle Dealer Bond, New Mexico Auto Dealer Bond, Motorcycle Dealer Bond, MVD Bond, DMV Bond, Dealer Bond, and Used Motorcycle Dealer Bond.
Get Bonded Within One Business Day!
Only Ashton Agency can provide you with:
- The lowest price for your dealer bond.
- Quickest Turnaround time.
- The ability to meet or beat any competitors' pricing.
Everyone needs a dealer bond, but by contacting the Ashton Agency, you can be sure you'll be getting the best price available, not to mention our stellar customer service and insider knowledge of the auto industry. We've been helping auto dealers get bonded for more than 45 years. Let us put that experience to work for you today!
Call us now at (800) 452-2663 for a free quote and we will contact you within 24 hours. We can assist you over the phone to ensure you receive your bond quickly and easily!
Don't have time to speak on the phone? Please fill out our easy online application and fax to (503) 253-1353. We can get you started right away!
A Better Price Starts Right Here, New Mexico!
Let's start with some basic information about your company to get going on your new Bond or Insurance. Please note that anything marked
must be completed before you can submit the form.
Prefer To Call?
We would love to help you over the phone. Call us at (800) 451-4854!