New York Automobile Dealer Bonds

Get Your New York Dealer Bond — Fast, Simple, Affordable

If you're applying for or renewing a New York motor vehicle dealer license, the NYS Department of Motor Vehicles requires you to file a surety bond. Our office helps dealers secure the correct bond quickly, with competitive rates.

Under New York Vehicle and Traffic Law § 415, every motor vehicle dealer must post a surety bond as a condition of obtaining or maintaining a DMV dealer registration. The bond protects the State and your customers by providing a source of recovery if your dealership violates dealer licensing laws, engages in fraud, or fails to meet its obligations — such as title transfer or lien payoff issues.

• $20,000 — Retail or wholesale used vehicle dealers who sold 50 or fewer vehicles in the prior calendar year
• $100,000 — Retail or wholesale used vehicle dealers who sold more than 50 vehicles in the prior calendar year

Obligee  - New York State Department of Motor Vehicles

Required Form  -  DMV Form VS-3 (Dealer Bond)

Bond Term  -  Continuous — must remain in effect for as long as the dealer registration is active

Premium  - Based on bond amount and applicant credit.  Current rate for 1 year term with our preferred Surety for $20,000 Bond is $180.00

• Complete the short order form (1–2 minutes).
• We review your information and shop our surety markets for the best rate — including options for applicants with credit challenges.
• Receive your personalized quote, typically within one business day.
• Approve and pay; we issue your bond and send the original for filing with the DMV.