This bond is required for anyone who wants to sell motor vehicles in Washington, DC. It protects consumers who buy cars from licensed dealers. If a dealer breaks the law, engages in fraud, or fails to follow DC vehicle sales regulations, customers can file a claim against this $25,000 bond to recover their financial l…
Overview
What it is.
This bond is required for anyone who wants to sell motor vehicles in Washington, DC. It protects consumers who buy cars from licensed dealers. If a dealer breaks the law, engages in fraud, or fails to follow DC vehicle sales regulations, customers can file a claim against this $25,000 bond to recover their financial l…
Who usually needs it
Individuals and businesses licensed to buy or sell motor vehicles in the District of Columbia, as well as those licensed to purchase contracts for retail installment sales of automobiles, must obtain this $25,000 bond as a prerequisite for licensure with the DC DMV.
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.
StateDCBond amount$25,000ObligeeDistrict of ColumbiaBond classLicense BondCategoryMotor VehicleBondDistrict of Columbia Motor Vehicle Dealer BondJurisdictionStatePlain descriptionThis bond is required for anyone who wants to sell motor vehicles in Washington, DC. It protects consumers who buy cars from licensed dealers. If a dealer breaks the law, engages in fraud, or fails to follow DC vehicle …Who needs this bondIndividuals and businesses licensed to buy or sell motor vehicles in the District of Columbia, as well as those licensed to purchase contracts for retail installment sales of automobiles, must obtain this $25,000 bond a…
