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 …
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 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.
StateVABond amount$50,000Term lengthContinuousObligeeVirginia Motor Vehicle Dealer BoardRenewalThe bond must be maintained for the first three consecutive years of licensure. After three years without a claim, dealers participating in the Motor Vehicle Transaction Recovery Fund are no longer required to maintain …Bond classLicense BondCategoryMotor VehicleBondMotor Vehicle Dealer BondStatutory referenceCode of Virginia § 46.2-1527.2JurisdictionState
