Surety Bonds Florida:

Motor Vehicle Dealer Bond (Independent Dealers)

A motor vehicle dealer Bond, sometimes also called a DMV Bond, used car dealer Bond, or auto dealer Bond, are required by the State of Florida Department of Highway Safety & Motor Vehicles and guaranty that the motor vehicle dealer complies with all federal laws, state laws, local laws, and tax and judgment guidelines that relate to motor vehicles. The Bond also ensures that if the dealer or any of its employees commit fraud or other actions that are wrongful to the consumer, the consumer is protected from any consequence arising from those actions. In addition to the protection that a consumer receives from a motor vehicle dealer Bond, they also find peace of mind knowing that a dealership has a Surety Bond in place. That Surety Bond means that a third party Bonding company has reviewed that dealership's financial information and endorsed them as a financially stable company. To learn more about the state of Florida's requirements, please visit the state of Florida's website at http://www.flhsmv.gov/dmv/dealer.html#dmvdeal