Used motor vehicle dealers, wholesalers, and trailer dealers in Maryland who buy and sell pre-owned vehicles, operate as wholesale dealers, or sell trailers/semi-trailers over 15 feet must obtain this bond as part of their dealer's license requirements. The bond amount ranges from $15,000 to $150,000 based on annual vehicle sales volume.
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.
StateMDBond amountVaries by license type or projectObligeeState of MarylandBond classLicense BondCategoryOtherBondMotor Vehicle Dealer or Trailer Dealer - UsedPlain descriptionTrailer Dealer - New or New and Used TrailersWho needs this bondUsed motor vehicle dealers, wholesalers, and trailer dealers in Maryland who buy and sell pre-owned vehicles, operate as wholesale dealers, or sell trailers/semi-trailers over 15 feet must obtain this bond as part of th…
