Auto Dealer Bonds – Used Car Dealer License
Auto dealer bond is also known as MVD bond or a car dealer bond is required by the State motor vehicle department to obtain a car dealership license. Used Auto dealer bond does not protect the used car dealer from lawsuits, but it protects the consumer from fraud or misrepresentation by the car dealer. Auto Dealer bond guarantees compliance with state laws, each state sets its own Dealer bond amount, term and the expiration date.Auto dealer bond in Texas is set for a two-year term, Texas motor vehicle dealer bonds are also set by the state of Texas at $50,000. ABC Bonding of Texas is located in Houston Texas, but we do service all of the State of Texas, including major Texas cities like Austin, Amarillo, Dallas, Fort Worth, San Antonio, San Marcus, El Paso, Lubbock, Laredo, Odessa, Tyler, Waco, Beaumont, Galveston, Brownsville, and many others.We Issued 1000’s for Auto Dealer Surety Bonds is Texas and 25 other States for the past 25 years. We offer one of the lowest rates for all Texas Auto Dealer bonds starting from $250/ 2 years.Apply for Auto Dealer Bond – All Bonds are Issued the Same Day:
Online For Faster Approvals.Call our agents for any questions @ 800-374-9227 , Local 713-785-2138
We offer High-Risk Dealer Bonds for Clients with Poor Credit.
Requirements To Get Texas Dealer License.
To regulate the Auto Dealer trade, the state subjects Texas Automobile Dealer to many legal restrictions and requirements. For a new Dealer license in Texas, the first step is to obtain a General Distinguishing Number (GDN). This requires, among other things, a permanent place of business, a business Signage, enough space to display five vehicles the dealer intent to sell, etc.You’ll need a GDN whether you sell new cars or used. If you also sell motorcycles. RV’s or other trailers, you’ll need separate GDN for each class of vehicle.Each original GDN costs $700, and $400 to renew every 2 years.
Texas Dealer License – Forms and Applications:
Auto Dealer Overview InstructionsApplication for New Dealer License GDNInstructions for completing dealer license applicationAn application to amend Business EntityPayment and mailing instructions
Texas Motor Vehicle Department Contact Information:
Texas Department of Transportation
Licensing Section
P.O. Box 2293
Austin, TX 78768-2293
Phone: (877) 366-8887 or (512) 416-4800
Fax: (512) 416-4893
For help call our office at 800-374-9337 or local 713-785-2138 and one of our representatives will be happy to help you.
