1 (844) 589-9732

New Mexico Auto Dealer Bond

New Mexico auto dealers, whether individuals or business, are required to be licensed with the licensing bureau if they sell 5 or more vehicles a year. They are also required to purchase a $50,000 surety bond. AmeriPro Surety Bonds helps you to be in full compliance. We work for you to find the best (lowest) surety bond pricing for your needs.    844-589-9732

 

New Mexico Auto Dealer Bond | AmeriPro Surety Bonds | 844-589-9732

 

 

 

New Mexico Auto Dealers: Jurisdiction and Definition

 

 

 

New Mexico auto dealers are regulated by the dealer licensing bureau .

The bureau requires persons or companies who sell 5 or more vehicles a year to be licensed by the licensing office.

 

 

 

Process of Getting Licensed As an Auto Dealer in New Mexico:

 

 

 

The following is a short summary of how to get the New Mexico auto dealer license .

AmeriPro Surety Bonds will go more in-depth on the surety bond requirement.

We will also work for you to gain the best pricing.

 

 

 

Applicants will to provide the New Mexico dealer licensing bureau all of the following:

 

 

 

* A $50.00 non-refundable application fee;

* The location of the New Mexico auto dealership along with pictures and mapping of the office;

* The type of business the auto dealership is organized as (i.e.corporation, LLC, etc.) and the business tax number, or social security number, if it is a sole proprietorship;

* If you are used or pre-owned auto dealership, you will need to provide a copy of the pre-licensing certificate ; new auto dealers will need to provide a copy of the franchise agreement.

* Finally a $50,000 surety bond which needs to be renewed annually by March 31st of each year.

 

 

 

New Mexico Auto Dealer Bond: The Purpose

 

 

 

The New Mexico auto dealer bond is required by the licensing bureau to protect consumers from any acts of fraud, malfeasance, or theft by an auto dealership, whether new or pre-owned, in the course of their business activities.

A copy of the motor vehicle bond will be uploaded to the licensing bureau along with all other required documents.

 

 

 

New Mexico Auto Dealer Bond: The Premium

 

 

 

The premium required for the bond will be determined by an applicant’s credit score.

Applicant’s with optimal credit scoring may pay under $500 annually for the $50,000 New Mexico auto dealer bond.

However, regardless of one’s credit score, AmeriPro Surety Bonds will work on your behalf to find the best pricing available.

 

 

 

New Mexico Auto Dealer Bond: The Term

 

 

 

As mentioned previously, the New Mexico auto dealer bond is issued for one year, but in any case has a renewal of March 31st.

At that time, a new premium amount will be due, again to be determined by the applicant’s credit score.

And, again, we will always work to provide you the best premium pricing available.

 

 

 

AmeriPro Surety Bonds

 

 

 

AmeriPro Surety Bonds is a surety bond-only company providing New Mexico auto dealer bonds, motor club and motorcycle bonds, along with all types of license and permit, court and fiduciary bonds throughout New Mexico.

We also provide all types of surety bonds in all 50 states.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Replevin Bond

Indiana Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Indiana Action of Replevin; Surety Bond and Purpose       An replevin action takes place in a civil litigation proceeding. The Plaintiff, permitted by order of the presiding...

Illinois Probate Bond

Illinois Probate Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       Probate is the legal process of “proving” a will. Probate may also be required when a decedent is intestate, that is, dies without a will, to...

Illinois Replevin Bond

  Illinois Replevin Bond AmeriPro Surety Bonds | 844-589-9732     Surety Bond; Purpose And Amount       An action of replevin, alternately referred to as a “writ of attachment” or sequestration, occurs when a Plaintiff, in a civil...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)