Motor Vehicle Dealers - Used Vehicles Only

The State of Virginia Motor Vehicle Dealer Bond is a surety bond required for businesses that sell used vehicles in Virginia. This bond is mandatory for obtaining and maintaining a motor vehicle dealer license from the Virginia Department of Motor Vehicles.

Used vehicle dealers in Virginia must secure this $50,000 bond as part of their licensing requirements. The bond applies to dealers who sell used cars, trucks, motorcycles, and other motor vehicles to consumers, regardless of whether they sell 5 vehicles per month or 50+ vehicles monthly.

This bond protects the State of Virginia and consumers from potential financial losses due to the dealer's failure to comply with state motor vehicle laws and regulations. It provides recourse for customers who suffer damages from fraudulent practices, misrepresentation, or violations of consumer protection laws by the bonded dealer.

The bond has a one-year term and is renewable annually. Dealers must maintain continuous bond coverage to keep their license active and continue operating legally in Virginia.