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Motor Vehicle Dealer Bond

All applicants for an original, second-year renewal, and third-year renewal motor vehicle dealer's license in Virginia. Required when: Application for an original motor vehicle dealer license or its first two renewals. Exemptions: Dealers who have completed three consecutive years of licensure without a claim against …

Bond amount$50,000
State or jurisdictionVirginia
ObligeeVirginia Motor Vehicle Dealer Board

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Amounts can vary

Selected requirement: $50,000. Other available requirements: "The standard bond amount is $50,000 for most motor vehicle dealers. However, the amount is $25,000 for T&M (Trailers, Semitrailers, Motor Homes, and Motorcycles) vehicle dealers under § 46.2-1927, § 46.2-1992.20, and § 46.2-1993.20. Deale…. Exact options still depend on the obligee, state, and underwriting.

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2323 yearsHelping clients and agents
Overview

What it is.

All applicants for an original, second-year renewal, and third-year renewal motor vehicle dealer's license in Virginia. Required when: Application for an original motor vehicle dealer license or its first two renewals. Exemptions: Dealers who have completed three consecutive years of licensure without a claim against …

Who usually needs it

All applicants for an original, second-year renewal, and third-year renewal motor vehicle dealer's license in Virginia.

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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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Motor Vehicle Dealer Bond | Platinum Bonds