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Home > Blog > Auto Dealer License Guide – Auto Dealer Bond
MONDAY, OCTOBER 19, 2020

Auto Dealer License Guide – Auto Dealer Bond

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Auto Dealer License Guide – Auto Dealer Bond

Posted on February 8, 2020
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Auto Dealer Bonds – Used Car Dealer License

An auto dealer bond is also known as MVD bond or a car dealer bond is required by the State motor vehicle department to obtain a car dealership license. Used Auto dealer bond does not protect the used car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the car dealer. Auto Dealer bond guarantees compliance with state laws, each state sets its own Dealerbond amount, term and the expiration date.

Auto dealer bond in Texas is set for a two-year term, Texas motor vehicle dealer bondsarealso set by the state of Texas at $25,000. ABC Bonding of Texas is located in Houston Texas, but we do service all of the State of Texas, including major Texas cities like Austin, Amarillo, Dallas, Fort Worth, San Antonio, San Marcus, El Paso, Lubbock, Laredo, Odessa, Tyler, Waco, Beaumont, Galveston, Brownsville, and many others.

We Issued 1000’s for Auto Dealer Surety Bonds is Texas and 25 other States for the past 20 years. We offer one of the lowest rates for all Texas AutoDealer bonds starting from $200/ 2 years.


Apply forAuto Dealer Bond – All Bonds are Issued the Same Day:

apply now buttonOnline For Faster Approvals.

Call our agents for any questions @ 800-374-9227 , Local 713-785-2138

We offer High-Risk Dealer Bonds for Clients with Poor Credit.

Requirements To Get Texas Dealer License.
  • To regulate the Auto Dealer trade, the state subjects Texas Automobile Dealer to many legal restrictions and requirements. For a new Dealer license in Texas, the first step is to obtain a General Distinguishing Number (GDN). This requires, among other things, a permanent place of business, a business Signage, enough space to display five vehicles the dealer intent to sell, etc.
  • You’ll need a GDN whether you sell new cars or used. If you also sell motorcycles. RV’s or other trailers, you’ll need separate GDN for each class of vehicle.
  • Each original GDN costs $700, and $400 to renew every 2 years.

Texas Dealer License – Forms and Applications:

  • Auto Dealer Overview Instructions
  • Application for New Dealer License GDN
  • Instructions for completing dealer license application
  • An application to amend Business Entity
  • Payment and mailing instructions

Texas Motor Vehicle Department Contact Information:

Texas Department of Transportation
Licensing Section
P.O. Box 2293
Austin, TX 78768-2293
Phone: (877) 366-8887 or (512) 416-4800
Fax: (512) 416-4893

 

For help call our office at 800-374-9337 or local 713-785-2138 and one of our representatives will be happy to help you.

Posted 1:32 PM

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NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
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Auto Dealer Bond
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Medicare DEMOS Bond
License & Permit Bond
Sales Tax Bond
Notary Public Bond
BMC-84 – Freight Broker Bond
All Commercial Bond

CONSTRUCTION BONDS

Bid Bond
Maintenance Bond
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Appeal Bond
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CONTACT US

ABC Bonding of Texas
8811 Westheimer Ste 207
Houston, TX 77063


Office Hours: 9:00 am to 5:00 pm
Phone: 800-374-9227
Local: 713-785-2138
Fax: 713-785-2711
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