Florida Auto Dealer Bond$25,000 FLHSMV Required

Florida auto dealer bonds ($25,000) cost $188-$2,500 annually depending on credit. With excellent credit (750+), expect $188-$500 (0.75-2%). Good credit (680-749) costs $500-$1,000 (2-4%). Fair credit (620-679) ranges $1,000-$1,750 (4-7%). Lower credit may require up to $2,500 (10%). We offer competitive rates for all credit levels with same-day approval.

Florida requires all dealer licenses and bonds to expire on April 30 each year, regardless of when you initially obtained the license. This creates a uniform renewal date across the state. Pro-rated bonds are available if you start mid-year.

Florida FLHSMV dealer licensing typically takes 4-8 weeks from application to approval. The bond can be issued within 1 business day. Other requirements like location inspection and pre-licensing course completion add to the timeline. Start your bond application early to avoid delays.

Yes, Florida requires both a $25,000 surety bond and garage liability insurance ($50,000 property damage / $100,000 bodily injury minimum). The bond protects consumers from licensing violations, while insurance covers property damage and liability claims. Both are mandatory for FLHSMV dealer licensing.

Yes, we have specialized programs for all credit situations. We've secured Florida dealer bonds for applicants with credit scores as low as 500. Rates vary based on credit, but approval is often possible. Our underwriters work with multiple carriers to find the best solution.

The surety company investigates claims filed by consumers or FLHSMV. If valid, they pay up to $25,000. You must then reimburse the surety for amounts paid plus legal costs. Maintain compliance with all FLHSMV regulations and consumer protection laws to avoid claims.

No, Florida generally requires the same $25,000 bond for most dealer types, though amounts may vary based on specific dealer classification (independent, franchise, wholesale, auction). Check with FLHSMV for your specific dealer category requirements.

Florida dealer bonds must be renewed annually by April 30. We send renewal reminders 60 days before expiration. Most renewals are approved within 1 business day with updated pricing based on current credit. Never let your bond lapse - it results in immediate license suspension by FLHSMV.