$175 is your GOOD CREDIT PRICE for a Florida Motor Vehicle Salvage Dealer Bond.
Florida Motor Vehicle Salvage Dealers are required under the Florida Statutes Chapter 319 and 320 to file a Florida Motor Vehicle Salvage Dealer Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Florida Motor Vehicle Salvage Dealer Bond holds you accountable for your business decisions.
By possessing a Florida Motor Vehicle Salvage Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.