$175 is your GOOD CREDIT PRICE for a Massachusetts Motor Vehicle Dealer Bond for a TWO YEAR TERM.
If you are engaged a used car dealer in Massachusetts you are required under chapter 140, section 58 of the General Laws of Massachusetts to file a Massachusetts Motor Vehicle Dealer Bond as a condition of licensure.
Bonds Express offers a Massachusetts Motor Vehicle Dealer Bond with a 99% approval rate.
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 Massachusetts Motor Vehicle Dealer Bond holds you accountable for your business decisions.
By possessing a Massachusetts 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.