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New York Auto Dealer Surety Bond $10,000 - $50,000

Vehicle and Traffic Law section 415(6-b) in New York requires that dealers, qualified dealers, and new motor vehicle dealers obtain and continue in effect a surety bond as a condition to obtaining a registration certificate (except those dealers who exclusively sell motor vehicles solely for conversion for use as tow trucks, buses, school buses, garbage trucks, marine trailers, tow trucks, motorcycles, recreational vehicles, snowmobiles, trailers, mobile homes, or construction equipment).

New York Motor Vehicle Dealer Surety Bonds are required by the New York Department of Motor Vehicles. The bonds purpose is to protect the consumer from any wrongdoing by the dealer.

There are 3 different bond requirements:
1. NY used motor vehicle dealers who sell less than 200 cars per year require a 10,000 dollar bond. 2. NY used motor vehicle dealers who sell more than 200 cars per year require a 25,000 dollar bond. 3. NY new motor vehicle dealers require a 50,000 dollar bond.

Same day approvals, and no personal financial statement, indemnity agreement or spousal signature required!

Is your credit score 600 or higher? Then you are probably eligible for this low rate program.

Bond amount $10,000 =$100 for 2 years. Bond amount $25,000= $400 for 2 years. Bond amount $50,000= $800 for 2 years.

Problem programs are available with on installment payments.

Bad credit? No problem.

If you have been turned down for surety bonds due to bad credit, financials or other problems in the past, we have a special installment program available.