1 (844) 589-9732

North Carolina Auto Dealer Bond

The North Carolina auto dealer bond comes in two amounts: $50,000 for the initial location, and an additional $25,000 surety bond for each additional location. Please call AmeriPro Surety Bonds today at 844-589-9732.

North Carolina Auto Dealer Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Auto Dealerships – North Carolina

 

 

 

The North Carolina Department of Transportation — Division of Motor Vehicles regulates and licenses automobile dealerships in the state.

The Department requires one — and possibly more – auto dealer surety bonds in two different amounts.

AmeriPro Surety Bonds offers both auto dealership surety bonds for your professional compliance.

 

 

 

North Carolina Auto Dealer Bond: Number and Amount of Surety Bonds Required

 

 

 

Auto dealerships operating in North Carolina must maintain:

  • A $50,000 auto dealer surety bond for the first location;
  • A $25,000 auto dealer surety bond for each location after the main location.

An auto dealership with just one location is required to furnish the Department with evidence of a single $50,000 auto dealer bond.

The state refers to this as a $50,000 surety bond for an established “salesroom”; and each location thereafter requiring an additional $25,000 surety bond for their respective “salesroom”.

 

 

 

North Carolina Auto Dealer Bond: The Price

 

 

 

The pricing for the NC motor vehicle dealer bond will be dependent on several factors.

At least one $50,000 surety bond is required; however, the number of $25,000 surety bonds (if there will be any) will be determined by the number of additional locations.

Typically, and as a very broad general rule, an applicant with good credit may pay as little as 1% annually for the $50,000 surety bond. The same is likewise true for the $25,000 surety bond.

However, in both cases, the amount that you will be required to pay as the premium will be determined by information provided in your surety application, and, perhaps most importantly, your credit score.

Therefore, the premium required may vary greatly from one person to the next; however, AmeriPro Surety Bonds will work to find you the best surety bond premium which is completely customized for you, personally.

 

 

 

Bond Term

 

 

 

The bond term is active for one year from the date of issuance. Thereafter, it must be renewed. A surety bond must always remain actively on file in order to operate as an auto dealership in the state.

 

 

 

North Carolina Auto Dealer Bond: Its Purpose

 

 

 

The purpose of this surety bond is a financial guarantee for the people of the state of North Carolina (and anyone purchasing or leasing a vehicle) that a licensed auto dealer will comply with all laws regulating auto dealerships.

The surety bond, while purchased by you, is for others, namely, your customers. It is designed to protect your customers against acts of fraud, theft, negligence and other acts of malfeasance.

While the bond is for the protection of others, as principal, you maintain the legal responsibility of reimbursing the surety in full for all fees and costs paid on claims against your surety bond, if such were ever the case.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds only agency which provides license and permit, contractor, court, and fiduciary surety bonds throughout North Carolina.

Our agency also provides surety bonds nationwide.

Please call us today at:

 

 

 

844-589-9732

 

 

 

Or, you may fill out our contact form and an agent will contact you:

 

 

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

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)