Florida Motor Vehicle Dealer Bonds

What is an Auto Dealer Surety Bond?

Buying and selling vehicles in Florida is a lucrative business endeavor. For this reason, many entrepreneurs apply for a dealer license with the Florida Department of Highway Safety and Motor Vehicles Division of Motorist Services (FLHSMV). One of the state’s licensing requirements for both dealers of new and used vehicles is to purchase an Auto Dealer Surety Bond in the amount of $25,000.

Find the best value for your bond.

Bond Type Bond Amount Expiration Date Quotes
Florida Motor Vehicle Dealer Bond - Used (Independent) $25,000 4/30 Get Quotes
Florida Motor Vehicle Dealer Bond - New (Franchise) $25,000 12/31 (Annually) Get Quotes
Florida Motor Vehicle Dealer Bond - Recreational Vehicle Dealer Only $10,000.00 - $20,000.00 9/30 Get Quotes
Florida Motor Vehicle Dealer Bond - Recreational Vehicle Manufacturer, Distributor, Importer or Van Converter $25,000 9/30 Get Quotes
Florida Motor Vehicle Dealer Bond - Salvage $25,000 4/30 Get Quotes

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The purpose of this surety bond requirement is to ensure you perform your duties as a vehicle dealer ethically and honestly. If you engage in fraudulent activities or violate any of the rules and regulations associated with your license, a claim can be made against your bond. Any claims you receive will be investigated by the surety company that issued your bond. If a claim is found to be valid, the surety will payout up to the full bond amount to the claimant. In this scenario, you are responsible, as the principal of the bond, for repaying the surety back in full.

How much does a Florida Auto Dealer Bond cost?

The cost of a Florida Motor Vehicle Dealer Bond depends on the required bond amount and credit history of all the owners with at least 10% ownership of the dealership. Applicants with good credit can expect to pay between 1%-5% of the bond amount. Meaning, you may be eligible to get your $25,000 Florida Motor Vehicle Dealer Bond starting as low as $250. Get your free bond quotes today!

Am I eligible for a bond if I have bad credit?

Don’t let your credit score prevent you from applying for a bond quote. Even if your credit is less than great, you may still be eligible for a surety bond. Approved applicants with non-standard credit may receive a quote ranging between 5%-15% of the bond amount. The increased cost in premium is due to the additional risk the surety takes on for issuing the bond.

There is never an obligation to purchase a bond and our quotes are always free. All credit checks we perform involve a soft pull, meaning your credit score is not adversely affected.

Get your Florida surety bond quote today!

Bond Type Bond Amount Expiration Date Quotes
Florida Motor Vehicle Dealer Bond - Used (Independent) $25,000 4/30 Get Quotes
Florida Motor Vehicle Dealer Bond - New (Franchise) $25,000 12/31 (Annually) Get Quotes
Florida Motor Vehicle Dealer Bond - Recreational Vehicle Dealer Only $10,000.00 - $20,000.00 9/30 Get Quotes
Florida Motor Vehicle Dealer Bond - Recreational Vehicle Manufacturer, Distributor, Importer or Van Converter $25,000 9/30 Get Quotes
Florida Motor Vehicle Dealer Bond - Salvage $25,000 4/30 Get Quotes

Where and how to get a surety bond in Florida?

Get your Florida Motor Vehicle Dealer Surety Bond online with Surety Solutions, A Gallagher Company. Simply fill out our quick and easy online application to get your customized quote for your bond. Once you’ve purchased your bond, out team of surety experts sign, seal and ship your bond directly to you.

The bond is then submitted to the state along with your dealer license application. If you have any questions about the bond or our online application, send us a message here or email info@suretysolutions.com. We look forward to issuing your bond.

How to get a dealer license in Florida.

If you or your business engages in the buying and selling of vehicles in the state of Florida, you must be licensed with the FLHSMV. The type of dealer license you require depends on the type of vehicles you plan on selling; Such as used, new, salvage, auction, mobile home or recreational vehicles.

You must complete the following to get your dealer license.

  • Receive approval for your business location from a Regional Office, Compliance Examiner/Officer
  • Department-issued application, form HSMV 86056
  • Pay fees for each main location
  • Purchase a $25,000 surety bond

Get your customized free bond quote.

Bond Type Bond Amount Expiration Date Quotes
Florida Motor Vehicle Dealer Bond - Used (Independent) $25,000 4/30 Get Quotes
Florida Motor Vehicle Dealer Bond - New (Franchise) $25,000 12/31 (Annually) Get Quotes
Florida Motor Vehicle Dealer Bond - Recreational Vehicle Dealer Only $10,000.00 - $20,000.00 9/30 Get Quotes
Florida Motor Vehicle Dealer Bond - Recreational Vehicle Manufacturer, Distributor, Importer or Van Converter $25,000 9/30 Get Quotes
Florida Motor Vehicle Dealer Bond - Salvage $25,000 4/30 Get Quotes
  • Copy of lease or proof of ownership
  • Copy of the pre-licensing dealer training course completion certificate
  • Liability insurance certificate
  • Copy of registration of business and/or fictitious trade name(s) held with the Florida Secretary of State, Division of Corporations
  • Copy of corporate papers
  • Sales tax number and federal employer identification number (FEIN)
  • Fingerprints and any fees
  • Any additional items needed for your license type. Please visit the FLHSMV website or contact them directly for additional information regarding license requirements.

Additional resources for Florida Motor Vehicle Dealers

Licensing Guide

Find out everything you need to know about becoming a licensed dealer.

Licensing Tutorial

Step-by-step tutorial on how to become a licensed car dealer in Colorado.

Frequently Asked Questions

Answer to frequently asked questions about getting your dealer license.

Bond Amount Calculator

Make sure you are applying for the correct bond amount with our bond amount calculator.

License with Felony

Worried about a felony on your record? Check out this resource.

Free Licensing eBook

Download our free ebook on being a licensed dealer.

I need a different surety bond.

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