Independent motor vehicle dealers, motorcycle dealers, wholesale dealers, wholesale auction dealers, and independent mobility motor vehicle dealers. Required when: Application for or renewal of a motor vehicle dealer general distinguishing number (GDN). Exemptions: Franchised motor vehicle dealers, trailer/semitrailer…
Overview
What it is.
Independent motor vehicle dealers, motorcycle dealers, wholesale dealers, wholesale auction dealers, and independent mobility motor vehicle dealers. Required when: Application for or renewal of a motor vehicle dealer general distinguishing number (GDN). Exemptions: Franchised motor vehicle dealers, trailer/semitrailer…
Who usually needs it
Independent motor vehicle dealers, motorcycle dealers, wholesale dealers, wholesale auction dealers, and independent mobility motor vehicle dealers.
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.
StateTXBond amount$50,000Term length2 yearsObligeeTexas Department of Motor VehiclesRenewalThe bond must be renewed every two years to run concurrently with the dealer's General Distinguishing Number (GDN) license term. Proof of a properly executed surety bond must be provided to the TxDMV during the renewal …Bond classLicense BondCategoryMotor VehicleBondMotor Vehicle Dealer's Surety BondStatutory referenceTexas Transportation Code § 503.033JurisdictionState
