Maine requires every motor vehicle dealer to file a continuous bond with the Secretary of State, sized to last year’s sales. The amount steps from $25,000 to $100,000 by volume — file it on form MVD-390. The premium is 1% of your bond amount, $100 minimum — your exact price is in the on-page calculator.
















Your dealer license is waiting on this bond. Here is the whole thing — no broker phone tag:
Business details, your dealership name, the bond amount your sales tier requires, and the effective date — plus a one-time consent to a soft credit pull.
Most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
Pay online and receive the executed bond (form MVD-390) ready to file with your dealer license application. Wet-ink originals mailed whenever the state insists.
Maine licenses motor vehicle dealers through the Secretary of State, Bureau of Motor Vehicles, and conditions the license on a continuous surety bond under 29-A M.R.S. §901(4). The bond is a consumer-and-public-protection guarantee: it stands behind clear title on the vehicles you sell and your compliance with Maine motor vehicle sales law.
The amount is tiered to your prior calendar year’s sales: $25,000 for 0–50 sales, $50,000 for 51–100, $75,000 for 101–150, and $100,000 for 151 or more. A new dealer bonds on projected sales, and most first-year applicants start at the $25,000 tier.
It's a three-party arrangement: you (the principal), the surety, and the Secretary of State together with harmed buyers. If a dealer fails to deliver clear title or misapplies a customer's money, the harmed party can recover against the bond — and if the surety pays, you repay the surety.
These are the actual underwriting fields, including the bond amount your sales tier requires and a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
From $100, five-minute application, e-signed bond in 1–2 business days. Free until issued.