Class: Auto Dealer Bonds Surety Bonds

Florida Motor Vehicle Dealer Bond-Independant Dealer ($25,000) A motor vehicle dealer Bond, sometimes also called a DMV Bond, used car dealer Bond, or auto dealer Bond, are required by the State of Florida Department of Highway Safety & Motor Vehicles and guaranty that the motor vehicle dealer complies with all federal laws, state laws, local laws, and tax and judgment guidelines that relate to motor vehicles. The Bond also ensures that if the dealer or any of its employees commit fraud or other actions that are wrongful to the consumer, the consumer is protected from any consequence arising from those actions. In addition to the protection that a consumer receives from a motor vehicle dealer Bond, they also find peace of mind knowing that a dealership has a Surety Bond in place. That Surety Bond means that a third party Bonding company has reviewed that dealership’s financial information and endorsed them as a financially stable company. To learn more about the state of Florida?s requirements, please visit the state of Florida?s website at http://www.flhsmv.gov/dmv/dealer.html#dmvdeal

In the vibrant automotive market of Florida, a Motor Vehicle Dealer Bond is crucial for Franchise Dealers to ensure compliance and trust. This surety bond, mandated by the state, safeguards consumer rights and guarantees that dealers adhere to the stringent regulations governing vehicle sales. It acts as a financial safety net, protecting buyers from fraudulent practices and ensuring that the dealer fulfills all contractual obligations. For franchise dealers, this bond not only reinforces credibility but also fosters a secure environment for transactions, making it an indispensable component of the automotive industry in Florida.

Florida Recreational Vehicle Manufacturer, Distributer, Importer or Van Converter Bond ($10,000) Recreational Vehicle Manufacturer, Distributor, Importer, or Van Converter Bond- Once the principal has applied for a license, under Section 320.8225, Florida Statutes, to engage in the business of a recreational vehicle manufacturer, distributor, importer or van converter in this state, or who manufactures, distributes, or imports recreational vehicles or van conversions out of state, which are ultimately offered for sale in this state. This Surety Bond guarantees the protection of any retail customer who shall suffer any loss as a result of any failure to comply with the conditions of any written contract made by such manufacturer, distributor, importer or van converter in connection with the manufacture, distribution, importation or van conversion or sale of any recreational vehicle or van conversion as a result of any violation of the provisions of Chapter 319 or 320, Florida Statutes, in the conduct of the business for which he/she is licensed.