Motor Vehicle Dealers - Used Vehicles Only

The Motor Vehicle Dealer bond is a surety bond required by the State of New Hampshire for businesses engaged in the sale of used motor vehicles. This bond ensures that licensed dealers operate in accordance with state laws and regulations governing the automotive retail industry.

Used vehicle dealers in New Hampshire must obtain this bond as part of their licensing requirements. The bond applies specifically to dealers who sell used vehicles and is mandatory for obtaining and maintaining a valid dealer license from the state.

The bond protects the State of New Hampshire and consumers who purchase vehicles from licensed dealers. It provides financial recourse if a dealer engages in fraudulent practices, fails to transfer titles properly, misrepresents vehicle conditions, or violates other provisions of New Hampshire's motor vehicle dealer regulations.

This bond requires a coverage amount of $25,000 and has a term length of one year. The bond is renewable annually, and dealers must maintain continuous coverage to keep their license in good standing with the state.