Nevada DMV Dealer Distributor Bond | AmeriPro Surety Bonds | Call Us At: 844-589-9732
Definition of Nevada Dealer Distributor
A Nevada DMV dealer distributor is a person or business entity which sells new vehicles to auto dealerships. They are not, however, manufacturers of the vehicles that they sell.
Dealer distributors are regulated by the Nevada Department of Motor Vehicles, Occupational and Business Licensing Division.
Requirements to Become A Nevada Dealer Distributor
To obtain the Nevada DMV dealer distributor license all of the following must be done:
- A personal history questionnaire must be completed. Applicants will be asked about their job history; any arrests and felony convictions, if applicable; and whether they are in arrears on any child support payments. All officers of the business must complete this application;
- An application for a Dealer Distributor Business license, along with a $126 non-refundable application fee;
- Submission of fingerprints through a Nevada law enforcement agency or a business that is authorized by the Nevada DMV. There is a $36.25 fee for this, which is also non-refundable;
- A brick and mortar place of business which is in an enclosed building, capable of accommodating an office;
- The office building, must, in addition, have a lettering at least 8 inches high, and a width of at least one inches;
In addition to other rules, a surety bond is required.
The amount of the surety bond required will depend on the type of new vehicles the distributor sells to dealerships.
Nevada Dealer Distributor Bond Requirements
Nevada DMV distributorships who sell motorcycles are required to purchase a bond for $50,000.
For utility and boat trailers weighing 3500 lbs., or less, the bond amount required is $10,000.
All other types of vehicles for Nevada dealer distributors require a surety bond of $100,000.
The Cost of the Nevada DMV Dealer Distributor bond
While the bond amounts range from $10,000 to $100,000, applicants for any of these bonds will pay only a small percentage of the bond’s face amount.
That amount will be determined by two criteria:
- The face amount of the bond required;
- The applicant’s credit score.
AmeriPro Surety Bonds:
AmeriPro Surety Bonds will work with you to obtain the best pricing for your Nevada dealer distributor bond.
We will do so regardless of your credit history; however, bear in mind that applicants with challenged credit scores will pay a higher premium amount.
AmeriPro Surety Bonds provides Nevada contractor, court, and license and permit bonds.
We also provide surety bonds for all 50 states.