$320 is your GOOD CREDIT PRICE for a Texas Motor Vehicle Dealer Bond for a 2 year term.  

 

The Texas Motor Vehicle Dealer Department has increased the bond amount to $50,000 as of September 1, 2021. Anyone who purchased their bond before this date at the previous amount is grandfathered in at the old amount until their renewal date.

Effective date must be the first of month and expire two years later at end of previous month. (Example: 09/01/2017 to 08/31/2019)

Texas Motor Vehicle Dealers are required under the Texas Transportation Code section 503.033 to file a Texas Motor Vehicle Dealer Bond as a condition of licensure.
 
Bonds Express offers a Texas Motor Vehicle Dealer Bond with a 99% approval rate.
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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 Texas Motor Vehicle Dealer Bond holds you accountable for your business decisions.

By possessing a Texas 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.