Tennessee - NEW Motor Vehicle Dealer ($50,000) — required surety bond in Tennessee. Apply online in minutes.
A Tennessee New Motor Vehicle Dealer Bond is a commercial surety bond that guarantees a franchised dealership will operate ethically and according to state regulations. It provides a financial safeguard for consumers and the state against fraudulent practices, such as failing to transfer vehicle titles or misrepresenting inventory.
This bond is generally required for individuals and businesses operating as franchised new motor vehicle dealers within the state of Tennessee. Anyone opening a dealership to sell or lease new cars, trucks, or motorcycles typically needs this bond to secure and maintain their professional license.
The state licensing authority requires this bond to protect the public from financial harm caused by a dealership's unethical or unlawful business practices. It serves as a strict financial guarantee that the dealer will remit all required taxes, honor warranties, and provide valid titles to buyers.
Click 'Apply Now' to complete our secure, approximately five-minute online application, or call Noah Insurance Agency at 814-718-0060. Once processed and approved, your finalized surety bond will be delivered directly to you by email.
Premiums vary based on the applicant's credit history, business experience, and overall financial standing. Apply online with Noah Insurance Agency for an exact quote.
Required bond amounts vary depending on state regulations and the specific type of license you are applying for. Always verify the exact figure required with the licensing agency before securing your bond.
Approval times vary based on individual applicant profiles and underwriting conditions. For the most accurate timeline, submit our secure online application.
You can reach Noah Insurance Agency by calling 814-718-0060 for nationwide assistance. Our specialists are available to guide you through the process and answer any questions.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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