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Tennessee Motor Vehicle Dealer Bond (New)

This bond is required for anyone who wants to open a new car dealership in Tennessee. The state requires this $50,000 bond to protect consumers who buy vehicles from the dealer. If the dealer breaks state laws, engages in fraud, or doesn't follow proper business practices when selling cars, customers can file a claim …

Bond amount$50,000
State or jurisdictionTennessee
ObligeeState of Tennessee

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.

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Overview

What it is.

This bond is required for anyone who wants to open a new car dealership in Tennessee. The state requires this $50,000 bond to protect consumers who buy vehicles from the dealer. If the dealer breaks state laws, engages in fraud, or doesn't follow proper business practices when selling cars, customers can file a claim …

Who usually needs it

Individuals or businesses selling more than 5 motor vehicles per year in Tennessee must obtain this bond to qualify for a motor vehicle dealer license. This applies to motor vehicle dealers who buy, sell, lease, rent, repair, or exchange 5 or more vehicles annually, with a separate $50,000 bond required for each branch location.

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.

Platinum Bonds

Experience behind every bond.

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

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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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