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What Does a Florida Auto Dealer Bond Cost? Auto dealers in Florida are required to have a bond of no less than $25,000. However, you are not required to pay this entire amount up front. Instead, a Florida auto dealer bond is priced as a percentage of the $25,000 bond, typically ranging from 1 to 10%.
The principal buys a surety bond to protect the obligee in the event the principal fails to pay a debt, finish a project, or fulfill another promise to the obligee. You can buy a bond through an agent, broker, an online insurance marketplace or directly from a surety company.
Usually, a thorough background check will be run against you and the entity by a bonding company, looking for any criminal record, and checking personal references as well as those supplied by business peers.
The Division of Motorist Services stipulates that a vehicle eligible for a bonded title must have been sold in a private sale and must be an automobile, a truck weighing less than 8,000 pounds, or a motorcycle. The vehicle must also be between 10 and 25 years old.
The Division of Motorist Services stipulates that a vehicle eligible for a bonded title must have been sold in a private sale and must be an automobile, a truck weighing less than 8,000 pounds, or a motorcycle. The vehicle must also be between 10 and 25 years old.

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If you need a surety bond in Florida, heres what you need to know: Determine the type of surety bond you need from your contract. Florida requires different types of surety bonds for different industries and purposes. Obtain a bond application. Pay the premium and obtain the bond.
How much do you pay for a surety bond? Florida surety bonds are required for many jobs, but what does it cost to buy one? On average, the cost of a surety bond falls somewhere between 1% and 15%. That means you may be charged anywhere from $100 to $1,500.
If your bond amount is $10,000 or less, the cost for the bond is $150 that covers a 3 year bond term. If your bond amount is over $10,000 the cost of the bond is 1.5% of the bond amount. We offer the lowest rates for the Florida DMV Certificate of Title Bond.

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