New and used motor vehicle dealers (specifically car and motor truck dealers) applying for a certificate of registration. Required when: Application for or renewal of a motor vehicle dealer's certificate of registration. Exemptions: Finance dealers, auction dealers, and transporters are excluded from this specific bon…
Overview
What it is.
New and used motor vehicle dealers (specifically car and motor truck dealers) applying for a certificate of registration. Required when: Application for or renewal of a motor vehicle dealer's certificate of registration. Exemptions: Finance dealers, auction dealers, and transporters are excluded from this specific bon…
Who usually needs it
New and used motor vehicle dealers (specifically car and motor truck dealers) applying for a certificate of registration.
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.
StateVTBond amountNew applicants: $35,000. Established dealers: $20,000 for fewer than 25 units s…Term lengthContinuous or 2-yearObligeeVermont Department of Motor VehiclesRenewalThe bond amount is reviewed and adjusted at the time of license renewal based on the dealer's sales volume in the preceding registration period.Bond classLicense BondCategoryMotor VehicleBondMotor Vehicle Dealer BondStatutory reference23 V.S.A. § 453(g)JurisdictionState
