Florida Motor Vehicle Dealer - New
The Florida Motor Vehicle Dealer - New is a $25,000.00 bond.
This bond is available in 1 year term.
The Franchise (New Motor Vehicle Dealer) Bond is very similar to the Used MVD bond that we offer. The difference is that franchise auto dealers sell new vehicles (they can sell used vehicles also). A surety bond protects the consumer against damages due to fraud, defaulting on a contract, or other negative and wrongful behaviors on the part of a business providing the service or product. In the case of new or used motor vehicles, the bond guarantees that the dealer will comply with the federal, state, and sometimes local laws related to motor vehicles.
Ashton Agency has a 99% approval rate and offers the Motor Vehicle Dealer Bond for Florida car dealers for one, two or three years.
Who needs the Motor Vehicle Dealer Bond?
In the State of Florida, Auto Dealers are required to obtain a $25,000 Motor Vehicle Dealer Bond to be in compliance with Section 320.27 of the Florida Statutes.
What is the Motor Vehicle Bond?
The Motor Vehicle 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 Motor Vehicle Dealer Bond?
In addition to the bond, the State of Florida requires that you carry garage liability insurance. Motor vehicle dealers must obtain:
- A garage liability insurance certificate which shall include, at a minimum, $25,000 combined single-limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection; OR
- A general liability insurance policy coupled with a business automobile policy, which shall include, at a minimum, $25,000 combined single-limit liability coverage including bodily injury and property damage protection and $10,000 personal injury protection.
Ashton Agency can write your liability coverage too. Contact us today at (800) 451-4854 for a free, no-obligation quote on both your bond and insurance! We can write your bond for up to one or three years, with discounts available on the premiums. 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 State of Florida Department of Highway Safety and Motor Vehicles at the following address:
State of Florida
Department of Highway Safety and Motor Vehicles
2900 Apalachee Parkway
Room A312, Mailstop #65
Tallahassee, Florida 32399-0500
Motor Vehicle Dealer Bonds are also known as: Florida Auto Dealer Bond, Auto Dealer Bond, Franchise Dealer Bond, MVD Bond, DMV Bond, Dealer Bond, New Car Dealer Bond, New Auto Dealer Bond, and Car 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 comet 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 dealer 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) 451-4854 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 (407) 678-2468. We can get you started right away!
A Better Price Starts Right Here, Florida!
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