Individuals who wish to obtain a motor vehicle dealer license in the State of Hawaii must submit a surety bond to the Motor Vehicle Industry Licensing Board, which operates under the Hawaii Department of Commerce and Consumer Affairs (DCCA) Professional & Vocational Licensing Division, as part of their licensing requirements. Bond amounts are determined by type and amount of vehicles sold.
New Vehicle Dealers
- $200,000 – if you annually sell 10 or more new vehicles per month
- $50,000 – if you annually sell less than 10 new vehicles per month
Used Vehicle Dealers
- $100,000 – If you annually sell 60 or more used vehicles per month
- $25,000 – if you annually sell less than 60 used vehicles per month
Motorcycle and Motor Scooter Dealers
- $10,000
The purpose of this surety bond is to protect the consumer from fraud in connection with the purchasing, negotiating and selling of motor vehicles and to guarantee that the principal (auto dealer) abides by the rules and provisions of Chapter 437 of the Hawaii Revised Statutes. Pacific Surety offers industry low rates and can obtain approvals for almost all credit situations. Once our simple application has been completed, we can have pricing to you within hours. Please contact our knowledgeable underwriting staff with any specific questions.