Any individual who wishes to obtain an auto dealer license in the State of Pennsylvania must submit a surety bond to The Pennsylvania Department of State’s State Board of Vehicle Manufacturers, Dealers and Salespersons as part of their licensing requirements. Bond amounts vary per license type:
- $50,000 – Additional $50,000 per branch office
- $30,000 for each place of business
- $20,000 for each place of business
- $10,000 for each place of business
The purpose of this bond is to protect the consumer and the state from fraudulent or unlawful activities by the principal (auto dealer), as set forth by Title 75 of the Pennsylvania Consolidated Statutes. This bond is considered continuous and a 60 day written notice must be given by the surety prior to canceling.
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 staff with specific questions.
Surety Bond Name
Motor Vehicle Dealer Surety Bonds – Pennsylvania
VariesRequest a Free Quote