All new and used motor vehicle dealers and leasing companies operating in New Jersey. Required when: Required as a condition for the issuance or renewal of a motor vehicle dealer or leasing license. Exemptions: Licensed real estate brokers acting as agents in the sale of mobile or manufactured homes without their own …
Overview
What it is.
All new and used motor vehicle dealers and leasing companies operating in New Jersey. Required when: Required as a condition for the issuance or renewal of a motor vehicle dealer or leasing license. Exemptions: Licensed real estate brokers acting as agents in the sale of mobile or manufactured homes without their own …
Who usually needs it
All new and used motor vehicle dealers and leasing companies operating in New Jersey.
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.
StateNJBond amount$10,000Term lengthAnnualObligeeNew Jersey Motor Vehicle CommissionRenewalThe bond must be renewed annually and must not expire until March 31st of the year the license is set to expire.Bond classLicense BondCategoryMotor VehicleBondMotor Vehicle Dealer BondStatutory referenceN.J.S.A. 39:10-19JurisdictionState
