NJ vehicle leasing bonds.
$300 flat. Soft pull.
New Jersey requires every licensed vehicle leasing company to file a $10,000 bond with the Motor Vehicle Commission, in favor of the State. Ours is $300 flat — 3% of the bond amount, identical for every company. One soft credit pull, e-signed in 1–2 business days.
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Three steps to licensed.
Your leasing license is waiting on this bond. Here is the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
Most of these 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.
E-sign & file with the MVC
Pay online and receive the executed bond ready to mail to the MVC Business Licensing Services Bureau with your leasing company license. Wet-ink originals mailed whenever the state insists.
The whole pricing page.
$10,000 bond × 3% = $300, one-time per term. Fixed amount, fixed price, multi-year if you want it.
What it is and who needs it.
What the bond actually guarantees
New Jersey licenses vehicle leasing companies through the Motor Vehicle Commission and conditions the license on a $10,000 surety bond in favor of the State. The bond is a consumer-and-public-protection guarantee backing the company’s compliance with New Jersey law on titles, taxes, fees, and lease terms.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of New Jersey together with harmed lessees (the protected parties). If a company fails to handle title, taxes, or fees properly, or otherwise violates the licensing rules, the harmed party can recover against the bond — and if the surety pays, you repay the surety.
The amount is fixed at $10,000. The original bond is filed with the MVC Business Licensing Services Bureau after preliminary license approval, and it must stay active for your license. We track it and notify you 60 and 30 days out so your filing stays continuous.
You need this bond if you are
Five minutes. The whole thing.
These are the actual underwriting fields, including 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 →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Do I pay the $10,000? +
Who requires this bond? +
What does the bond guarantee? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
The MVC is waiting on one document.
$300 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.