Retail vehicle dealers, auto wholesale dealers, automotive recycling dealers, and certain utility dealers. Required when: Application for a motor vehicle dealer license. Exemptions: Repair dealers and Transport dealers are exempt from the surety bond requirement.
Overview
What it is.
Retail vehicle dealers, auto wholesale dealers, automotive recycling dealers, and certain utility dealers. Required when: Application for a motor vehicle dealer license. Exemptions: Repair dealers and Transport dealers are exempt from the surety bond requirement.
Who usually needs it
Retail vehicle dealers, auto wholesale dealers, automotive recycling dealers, and certain utility 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.
StateNHBond amount$25,000Term lengthContinuousObligeeNew Hampshire Department of Safety, Division of Motor VehiclesRenewalThe bond must be maintained at all times during the license period. While the license itself is renewed biennially on even-numbered years by March 31st, the surety bond must remain in effect continuously or be renewed a…Bond classLicense BondCategoryMotor VehicleBondVehicle Dealer's BondStatutory referenceRSA 261:98JurisdictionState
