Florida Motor Vehicle Dealer Bond
Get your Florida Motor Vehicle Dealer Bond Today!
Please note that anything marked *required must be completed before you can submit the form.What is a Florida Motor Vehicle Dealer bond?
The Florida Motor Vehicle Dealer bond is required by Florida’s Department of Highway Safety and Motor Vehicles. The 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 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. All Independent Motor Vehicle Dealer bonds have a common expiration date of April 30th, while Franchise Dealer bonds expire on December 31st.The renewal application for the Florida DMV can be found here. Original bonds and renewal documents must be submitted to your local DMV office.
Who needs a Florida Motor Vehicle Dealer bond?
The State of Florida requires motor vehicle dealers, mobile home dealers and recreational vehicle dealers be licensed with the state. The Motor Vehicle Dealer Bond is part of the licensing process.Find additional licensing information at FL Motor Vehicle Dealer Licensing Requirements.
How much does the State of Florida Department of Highway Safety and Motor Vehicles Motor Vehicle Dealer bond cost?
State of Florida Department of Highway Safety and Motor Vehicles Motor Vehicle Dealer (Used) bonds typically cost between $188 - $2,250, and (New/Franchise) bonds cost between $150 - $2,250.What else does the Department of Highway Safety and Motor Vehicles require to approve my license?
- Completion Certificate for all pre-licensing dealer training courses
- Copy of lease or proof of ownership for location
- Provide FEIN (Federal Employer Identification Number) and Sales Tax Number
- Proof of registration with DHSMV of the business entity and fictitious name with the Florida Division of Corporation
- Proof of electronic fingerprinting to the DHSMV
- Appropriate insurance coverage (outlined below)
What Insurance Coverage is required?
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
Why Ashton Agency?
We understand there are many companies offering dealer bonds, 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 50 years and represent over a dozen A+ rated surety companies. Let us put our experience and resources 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 and insurance quickly and easily!
Don't have time to speak on the phone? Please fill out our easy bond application and garage questionnaire and fax to (407) 678-2468; or apply online at www.ashtonagency.com.
Get Help Now
East Coast:
(800) 451-4854
West Coast:
(800) 452-2663
Email Us!
Use this form to let us know the basics about your Bond or Insurance Needs. We will contact you within one business day. Please note that anything marked *required must be completed before you can submit the form.
East Coast:
(800) 451-4854
West Coast:
(800) 452-2663
Email Us!
Use this form to let us know the basics about your Bond or Insurance Needs. We will contact you within one business day. Please note that anything marked *required must be completed before you can submit the form.