This bond is required for anyone who wants to legally sell used cars in Louisiana. The state requires this $50,000 bond to protect customers from dishonest business practices, like selling stolen vehicles, misrepresenting a car's condition, or failing to transfer titles properly. If a dealer breaks the rules and cause…
Overview
What it is.
This bond is required for anyone who wants to legally sell used cars in Louisiana. The state requires this $50,000 bond to protect customers from dishonest business practices, like selling stolen vehicles, misrepresenting a car's condition, or failing to transfer titles properly. If a dealer breaks the rules and cause…
Who usually needs it
Used motor vehicle dealers in Louisiana who sell more than four vehicles within a 12-month period must obtain this bond. This includes used car dealerships, daily rental businesses, rent-with-option-to-purchase businesses, vehicle brokers and lessors, and satellite warranty and repair centers. The $50,000 bond is required for licensing and protects customer…
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$50,000ObligeeState of LouisianaBond classLicense BondCategoryMotor VehicleBondLouisiana Used Motor Vehicle Dealer BondJurisdictionStatePlain descriptionThis bond is required for anyone who wants to legally sell used cars in Louisiana. The state requires this $50,000 bond to protect customers from dishonest business practices, like selling stolen vehicles, misrepresenti…Who needs this bondUsed motor vehicle dealers in Louisiana who sell more than four vehicles within a 12-month period must obtain this bond. This includes used car dealerships, daily rental businesses, rent-with-option-to-purchase business…
