Bonds Express offers a Maine Motor Vehicle Dealer Bond with a 99% approval rate.
The required Maine Motor Vehicle Dealer Bond amount is based upon the number of vehicles sold per year. The necessary Maine Motor Vehicle Dealer Bond amounts and GOOD CREDIT prices are:
- 0-50 Vehicles sold $5,000 for $100 (1 year), $175 (2 years), or $250 (3 years)
- 51-100 Vehicles sold $10,000 for $100 (1 year), $175 (2 years), or $250 (3 years)
- 101-150 Vehicles sold $15,000 for $120 (1 year), $210 (2 years), or $276 (3 years)
- 151-200 Vehicles sold $20,000 for $160 (1 year), $280 (2 years), or $368 (3 years)
- Over 200 Vehicles sold $25,000 for $200 (1 year), $350 (2 years), or $460 (3 years)
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 Maine Motor Vehicle Dealer Bond holds you accountable for your business decisions.
By possessing a Maine Motor Vehicle Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.