South Carolina Auto Dealer Bond |
AmeriPro Surety Bonds | 844-589-9732
South Carolina Auto Dealers
In South Carolina, under the umbrella of auto dealers are the following categories which will require either a $15,000 or $30,000 surety bond:
- Motorcycle dealers, $15,000 surety bond
- Motorcycle wholesale licensees, $15,000 surety bond;
- Wholesale auction licensees, $15,000 surety bond;
- Retail auto dealers, $30,000 surety bond;
- Wholesale license, $30,000 surety bond;
- Recreational dealers, $30,000 surety bond
The South Carolina Department of Motor Vehicles (SCDMV) is the state regulatory body charged with the licensing of dealers in all of these categories.
Our agency offers quick processing of the surety bond amount required. Read on…
Qualifying and the Premium Amount
Qualifying for the South Carolina auto dealer bond in any of the above categories and in both surety bond amounts couldn’t be easier.
For both surety bond amounts, after completion of a surety bond application and payment of the premium – $150 for the $15,000 surety bond; $300 for the $30,000 surety bond, the bond is issued to you immediately.
There is no credit inquiry or standard underwriting for either of these surety bond amounts.
A copy of the surety bond can be sent to you by email upon receipt of the premium for no additional charge. However, bear in mind that only the original surety bond may be filed with the state of South Carolina; copies are not accepted.
Our agency will mail the original surety bond to you by the same or the following business day for timely filing.
Term; Premium Prepayment Options
For both dollar amounts, the South Carolina auto dealer bond is issued by our agency for a standard term of one year. Thereafter, you must renew your surety bond.
We offer you the ability to prepay your surety bond for 2 or 3 years. Doing so will offer you a savings over year to year renewal of the surety bond premium.
Prepayment options for the $15,000 surety bond amount are as follows:
- Prepayment for 2 years is $270 (a $30 savings);
- Prepayment for 3 years is $390 (a $60 savings).
Prepayment options for the $30,000 surety bond amount are as follows:
- Prepayment for 2 years is $540 (a $60 savings);
- Prepayment for 3 years is $780 (a $120 savings).
The Purpose of Your Surety Bond
This surety bond serves as a financial guarantee for the state of South Carolina and any consumers that you will be in compliance with all laws governing auto or motorcycles dealerships, and any laws relating to the sales — wholesale or retail of these vehicles.
The bond protects against acts of malfeasance committed by any employees, managers, or agents of your company.
More specifically, this bond guarantees your adherence to Title 56 of the South Carolina Code of Motor Vehicle Dealers.
AmeriPro Surety Bonds is a surety bonds only agency which provides license and permit, and other bonds throughout South Carolina.
Our agency also provides surety bonds nationwide.
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