Kansas Motor Vehicle Dealer Bond |
AmeriPro Surety Bonds | 844-589-9732
Auto Dealers – Kansas
Auto dealers in Kansas are licensed and regulated by the state’s Department of Revenue. The state website provides a list of “basic requirements” needed to become an auto dealer.
Included in that list of requirements is a $30,000 auto dealer surety bond.
Qualifying and the Premium
Qualifying for the $30,000 Kansas motor vehicle dealer bond is by means of an application — which we can begin with you over the phone — and a credit score inquiry. Our agency uses a “soft pull” which will not adversely affect your score.
Applicants will need good credit in order to qualify with our agency.
If you are approved, the premium for your auto dealership surety bond will be 1%, or $300 annually. Once approved and once the premium is paid, our agency will have the bond sent to you by the following business day.
The original bond will have our signature as Surety. You in turn will sign the bond as Principal before filing with the Kansas Department of Revenue.
Premium Payment Options
At $300 premium, the Kansas auto dealer bond is issued for a one year term. Thereafter, your surety bond and the premium both renew.
Our agency also offers you the option to prepay your auto dealer bond up to 3 years. You benefit in two ways: Prepayment of the premium allows you to lengthen the intervals between renewals while saving money at the same time.
The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $540, a savings of $60;
- If prepaid for 3 years, the premium is $780, a savings of $120.
Purpose of Your Surety Bond Requirement
Your auto dealership bond is a financial guarantee of your compliance with Kansas Statutes Annotated, Chapter 8, Article 24, as also any future amendments to this law.
The bond protects from any failure on the part of a dealer or employees to comply with the law, and which in turn, causes harm.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Kansas.
Our agency also provides surety bonds nationwide.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you….