The New Hampshire Division of Motor Vehicles regulates the activities of auto dealers and requires your business to obtain a $25,000 surety bond as a condition of licensing.
According to New Hampshire DMV regulations, the surety bond must be:
Qualifying for the $25,000 New Hampshire motor vehicle dealer bond is by completing an application --- which we’ll begin with you over the phone --- but which you’ll need to complete and sign, and undergoing a credit check.
Good credit will be required for approval, and the approval rate is 2%, $500 annual premium.
Once the bond is approved and the premium is paid, our agency issues the bond to you immediately. Your surety bond along with your Power of Attorney (POA) form will be mailed to you by the same business day.
Upon receipt, you’ll sign your bond as Principal, and file it to:
Director of Division of Motor Vehicles
23 Hazen Drive
Concord, NH 03305
The $500 premium associated with your New Hampshire auto dealer bond is good for one year from the anniversary. The bond and the premium alike renew annually.
You also have the option to prepay your surety bond up to 3 years. Prepayment of the premium saves you over annual renewals, besides lengthening the time between renewals.
The premium prepayment options and savings are as follows:
The purpose of your motor vehicle dealer bond is a financial guarantee that you’ll fully compensate those who lose any money as a result of a sale of a motor vehicle to them which is later discovered to have been a stolen vehicle, in accordance with state law.
AmeriPro Surety Bonds is a surety bonds-only agency which provides auto dealership bonds nationwide.
We also provide license and permit surety bonds in all 50 states.
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