This bond is required for anyone who wants to open or operate a new car dealership in Louisiana. The state requires this $20,000 bond to protect consumers and ensure dealers follow state laws and regulations. If a dealer breaks the rules, cheats customers, or fails to meet their legal obligations, customers can file a…
Overview
What it is.
This bond is required for anyone who wants to open or operate a new car dealership in Louisiana. The state requires this $20,000 bond to protect consumers and ensure dealers follow state laws and regulations. If a dealer breaks the rules, cheats customers, or fails to meet their legal obligations, customers can file a…
Who usually needs it
Individuals and businesses that sell new automobiles in Louisiana are required to obtain this $20,000 surety bond to obtain and maintain a dealer license. The bond serves as consumer protection, ensuring dealers comply with state motor vehicle laws and providing recourse if a dealer violates their obligations or engages in fraudulent or deceptive practices.
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.
StateLABond amount$20,000ObligeeState of LouisianaBond classLicense BondCategoryMotor VehicleBondLouisiana New Motor Vehicle Dealer BondJurisdictionStatePlain descriptionThis bond is required for anyone who wants to open or operate a new car dealership in Louisiana. The state requires this $20,000 bond to protect consumers and ensure dealers follow state laws and regulations. If a deale…Who needs this bondIndividuals and businesses that sell new automobiles in Louisiana are required to obtain this $20,000 surety bond to obtain and maintain a dealer license. The bond serves as consumer protection, ensuring dealers comply …
