Florida Motor Vehicle Dealer License Guide - Surety Bonds 2025

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  1. Click ‘Get Form’ to open the Florida Motor Vehicle Dealer License Guide - Surety Bonds in the editor.
  2. Begin by entering your Current License Number and Licensee Name at the top of the form. Ensure accuracy as this information is crucial for processing your application.
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Can you get a Florida car dealer license without a lot? It all depends on how you define lot. You dont need a sprawling parcel of land that can accommodate hundreds of cars to get your Florida car dealer license. But you do need a physical location to fill out your car dealer application.
The $25,000 Florida Motor Vehicle Dealer Bond is a licensing requirement for auto dealers operating in the state. The Florida Department of Highway Safety and Motor Vehicles (FLHSMV) utilizes the bond as a financial safeguard for the consumers benefit from damages arising from misleading or criminal dealer activities.
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Bad Credit (599 and below) $35,000 Surety Bond $350 - $1,050 $1,750 - $3,500 $40,000 Surety Bond $400 - $1,200 $2,000 - $4,000 $50,000 Surety Bond $500 - $1,500 $2,500 - $5,0009 more rows

People also ask

Insurance regulations are different in each state but all require that any insurance producer or agent earning commission on surety bond premiums have a PC license.
The 2025 Florida Statutes. (1)(a) A surety bond shall be required of the successful bidder in an amount equal to the awarded contract price.
Florida law requires individuals to file a $25,000 surety bond as part of the states motor vehicle dealer license application process. There are two bond forms depending on the type of vehicles being sold: An Independent Motor Vehicle Dealer Bond is required if you sell used vehicles.

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