Retail and wholesale vehicle dealers in New Hampshire must submit and maintain a $25,000 surety bond with the New Hampshire Department of Safety – Division of Motor Vehicles (DMV) in order to obtain a vehicle dealer license. The purpose of this bond is to guarantee that the principal (vehicle dealer) complies with all rules and regulations in the New Hampshire Revised Statutes. It also provides protection to the general public from monetary loss due to the principal’s unlawful or unethical actions during the course of business. New Hampshire motor vehicle dealer surety bonds have a defined term and can be renewed with a continuation certificate.
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 specific questions.