Any person or business applying for or holding a Class 2 (Used Motor Vehicle Dealer) license in Massachusetts. Required when: Application for a new Class 2 motor vehicle dealer license or the annual renewal of an existing Class 2 license. Exemptions: Class 1 (New Motor Vehicle) dealers and Class 3 (Motor Vehicle Junk)…
Overview
What it is.
Any person or business applying for or holding a Class 2 (Used Motor Vehicle Dealer) license in Massachusetts. Required when: Application for a new Class 2 motor vehicle dealer license or the annual renewal of an existing Class 2 license. Exemptions: Class 1 (New Motor Vehicle) dealers and Class 3 (Motor Vehicle Junk)…
Who usually needs it
Any person or business applying for or holding a Class 2 (Used Motor Vehicle Dealer) license in Massachusetts.
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.
StateMABond amount$25,000Term lengthContinuousObligeeMunicipal Licensing Authority and the Massachusetts Registry of Motor Vehicles (RMV)RenewalThe bond must remain in effect as long as the license is active. The licensee must pay an annual premium to the surety company and provide proof of the bond to the municipal licensing authority during the annual license…Bond classLicense BondCategoryMotor VehicleBondUsed Car Dealer's BondStatutory referenceM.G.L. c. 140, § 58JurisdictionState
