Motor Vehicle Dealers - Used Vehicles Only

The State of Florida Motor Vehicle Dealer Surety Bond is a regulatory requirement for businesses engaged in buying, selling, or dealing in motor vehicles within Florida. This bond ensures compliance with state laws and regulations governing motor vehicle dealerships.

Who Needs This Bond: All motor vehicle dealers operating in Florida must obtain this bond, including independent motor vehicle dealers, wholesale dealers, salvage dealers, motor vehicle auction dealers, franchised dealers, and service facilities. The bond is required to obtain and maintain a valid dealer license from the Florida Department of Highway Safety and Motor Vehicles.

Protection and Coverage: The $25,000 bond protects the State of Florida and consumers from financial losses resulting from the dealer's failure to comply with applicable laws, fraudulent practices, or improper business conduct. This includes violations of consumer protection laws, failure to transfer titles properly, or other regulatory breaches.

Term Details: The bond has varying term lengths depending on dealer type. Independent, wholesale, salvage, and auction dealers operate on a May 1st to April 30th term, while franchised dealers and service facilities follow a January 1st to December 31st term. The state allows bonds to be issued for either 1-year or 2-year terms. Licenses expire on the designated dates regardless of when issued during the licensing period, and the bond is renewable to maintain continuous coverage.