A Connecticut Motor Vehicle Dealer Bond is a $60,000 financial guarantee required for anyone who wants to legally sell cars in Connecticut. This bond protects customers and the state if a dealer breaks the law, acts dishonestly, or doesn't follow vehicle sales regulations. If a dealer cheats a customer or violates sta…
Overview
What it is.
A Connecticut Motor Vehicle Dealer Bond is a $60,000 financial guarantee required for anyone who wants to legally sell cars in Connecticut. This bond protects customers and the state if a dealer breaks the law, acts dishonestly, or doesn't follow vehicle sales regulations. If a dealer cheats a customer or violates sta…
Who usually needs it
New car dealers and used car dealers (both independent and franchise operations) who are obtaining or renewing a Regulated Business License to sell new or used motor vehicles in Connecticut must obtain this bond as required by Connecticut General Statutes § 14-52.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCTBond amount$60,000ObligeeState of ConnecticutBond classLicense BondCategoryMotor VehicleBondConnecticut Motor Vehicle Dealer BondJurisdictionStatePlain descriptionA Connecticut Motor Vehicle Dealer Bond is a $60,000 financial guarantee required for anyone who wants to legally sell cars in Connecticut. This bond protects customers and the state if a dealer breaks the law, acts dis…Who needs this bondNew car dealers and used car dealers (both independent and franchise operations) who are obtaining or renewing a Regulated Business License to sell new or used motor vehicles in Connecticut must obtain this bond as requ…
