$500 is your GOOD CREDIT PRICE for a New Mexico Motor Vehicle Dealer Bond.
If you are engaged as a motor vehicle dealer in New Mexico you are required under section 66-4-7 of the State of New Mexico Statutes Amended to file a New Mexico Motor Vehicle Dealer Bond as a condition of licensure.
Bonds Express offers a New Mexico Motor Vehicle Dealer Bond with a 99% approval rate.
This bond expires annually on 03/31.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The New Mexico Motor Vehicle Dealer Bond holds you accountable for your business decisions.
By possessing a New Mexico Motor Vehicle Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.