Florida Motor Vehicle Dealer Bond (New/Franchise)

A motor vehicle dealer bond for new or franchise motor vehicle dealers is required by the State of Florida as a prerequisite to become a licensed new or franchise motor vehicle dealer in Florida.

  • A motor vehicle dealer bond for new or franchise motor vehicle dealers is required by the State of Florida as a prerequisite to become a licensed new or franchise motor vehicle dealer in Florida.

    The bond guarantees that the new or franchise motor vehicle dealer will fully comply with the conditions of any written contract made by him as a new or franchise dealer in connection with the sale or exchange of any motor vehicles. The licensee shall pay or cause to be paid anyone any loss or damages which such person shall sustain as a result of the licensee not complying with these duties or as a result of a violation of the provisions of Chapters 319-20 of the Florida Statutes in the conduct of the business in which the dealer is licensed.

  • New and franchise motor vehicle dealers are required by State of Florida statutes to obtain a bond in order to obtain a new or franchise motor vehicle dealer license.

  • A $25,000 surety bond is required by the State of Florida from a surety company qualified and authorized to conduct business in Florida.

  • Colonial offers the direct and digital way to obtain a Florida motor vehicle bond for new or franchise dealers. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!

  • A Florida new or franchise motor vehicle dealer bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.

  • It is important to understand how surety bonds work and who is the insurance company issuing your bonds. It is easy to obtain a Florida new or franchise motor vehicle dealer bond when you deal directly with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.

Get the word straight from our customers.