1 (844) 589-9732

Pennsylvania Motor Vehicle Dealer Bond

The Pennsylvania motor vehicle dealer bond is a $20,000 surety bond required for each location of a dealership. AmeriPro Surety Bonds offers this bond in whatever amount you require:               844-589-9732.

Pennsylvania Motor Vehicle Dealer Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Pennsylvania Motor Vehicle Dealers

 

 

 

Pennsylvania motor vehicle dealers and Pennsylvania manufacturers of motor vehicles are both regulated by the state’s Department of Transportation.

As one of the conditions for licensing, Pennsylvania auto dealers are required to obtain at least one $20,000 surety bond.

AmeriPro Surety Bonds offers you both a first time and renewal PA auto dealer bond.

 

 

 

Pennyslvania Motor Vehicle Dealer Bond: Amount Required

 

 

 

As mentioned above, the Pennsylvania motor vehicle dealer bond is a $20,000 surety bond; however, the bond amount required is $20,000 surety bond for each business location of a Pennsylvania auto dealership.

Unlike the Pennsylvania messenger service bond which caps at a maximum amount of $200,000, for the state’s motor vehicle dealer surety bond requirement, there is no such limit.

 

 

 

Pennsylvania Motor Vehicle Dealer Bond: The Purpose

 

 

 

The purpose of the Pennsylvania motor vehicle dealer bond is to protect your customers from any acts of fraud, theft, or criminal misconduct committed by an auto dealership, its employees, agents, or owners in their professional conduct.

The bond serves as a financial guarantee – again, solely for the Department of Transportation and the people of the Commonwealth of Pennsylvania — that a licensed auto dealership will abide by all laws and statutes governing operations of a dealership.

The bond, therefore, it is not an insurance policy.

Its existence allows those who can demonstrate financial harm from a dealership to file against the bond up to the bond’s $20,000 amount.

And very much unlike an insurance policy, should a surety pay a surety bond claim, it is your legal responsibility to reimburse the surety in full for all costs involved in claim’s resolution.

 

 

 

Pennsylvania Motor Vehicle Dealer Bond: The Premium

 

 

 

The following will determine the amount of your motor vehicle dealer bond:

  • The amount of the surety bond that you require. Recall that the $20,000 motor vehicle dealer bond amount is for each location of your dealership;
  • Information provided on an application (AmeriPro Surety Bonds can help you complete your application with you directly over the phone);
  • A standard credit check.

The credit check is perhaps the single largest factor in determining the premium amount required.

Applicants who require a surety bond for $20,000 will require less information than those whose surety bond amounts are $60,000 and more.

Larger bond amounts may – or may not — require bank statements, information on investments, income, net worth, and real property owned.

None of these more stringent applications requirements is to make your life more difficult.

But, as an agency, we like our customers to have an idea what they may expect in the applicant process.

In all cases, our goal is to only help you get your bond filed quickly–and to find you the best surety bond pricing.

Applicants with good credit scores may pay as little as a few small percentages of the bond’s face amount annually.

Again, however, that is very general statement.

The only thing that really matters, is what YOU will pay. And that is determined by the criteria referenced above.

 

 

 

Duration of Your Motor Vehicle Dealer Bond

 

 

 

This motor vehicle dealer bond renews annually and must be kept active and to run concurrently with the license issued by the state’s Department of Transportation.

A lapse in your bond coverage could potentially have a domino effect:

It can cause the suspension of your license, temporarily bringing your operations to a halt, and costing you time and money in sales revenue.

Well ahead of your bond renewal, however, a renewal bill will be mailed to the address on file from AmeriPro Surety Bonds.

 

 

 

About Our Agency

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout the Commonwealth of Pennsylvania.

We also provide surety bonds nationwide.

You can rest assured that we are both committed and focused on providing you with the motor vehicle bond you need at the best pricing available.

 

 

 

Please call our agency today: 844-589-9732

 

 

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. 

Missouri Replevin Bond

Missouri Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Missouri Replevin Action; Surety Bond Requirement, Amount & Purpose       An action of replevin occurs when a Plaintiff, in a civil court matter, is permitted by the...

Mississippi Replevin Bond

Mississippi Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Mississippi Replevin Action; Bond Amount and Purpose       An action of replevin occurs in a civil litigation proceeding. The replevin allows the Plaintiff, before a...

Ohio Receiver Bond

Ohio Receiver Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose And Amount       An Ohio receiver may be appointed by a court or state supreme court to handle matters relating to a mortgage; enforcing rental agreements;...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)