NM motor vehicle dealer bonds.
$1,500 flat. Soft pull.
New Mexico requires a full motor vehicle dealer — and wholesalers, distributors, auto recyclers, and title service companies — to file a $50,000 surety bond with the Motor Vehicle Division under §66-4-7. Ours is $1,500 flat — 3% of the bond amount, identical for every dealer. One soft credit pull, e-signed in 1–2 business days.
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Three steps to licensed.
Your dealer license is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date, and a few commercial questions. 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 MVD
Pay online and receive the executed bond ready to file with your dealer license application. The bond runs concurrently with the license, which expires March 31 each year. Wet-ink originals mailed whenever the state insists.
The whole pricing page.
$50,000 bond × 3% = $1,500, 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 Mexico licenses vehicle dealers through the Taxation and Revenue Department's Motor Vehicle Division, and §66-4-7 conditions the license on a $50,000 surety bond for a dealer, wholesaler, distributor, auto recycler, or title service company. (A dealer of motorcycles only files a reduced $12,500 bond.) It is a buyer-protection guarantee, which is why it is often called the consumer protection bond.
The bond is payable to the state for the use and benefit of the purchaser and the purchaser's vendees, conditioned on payment for any loss caused by failure of the title, fraudulent misrepresentation, or breach of warranty as to freedom from liens on a vehicle the dealer sells. It is continuous in form, limited to $50,000 in total aggregate liability.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond runs concurrently with the license (which expires March 31), so we track it and send renewal notices 60 and 30 days out to keep your filing continuous.
You need this bond if you're
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 $50,000? +
Who requires this bond? +
Why is it called a consumer protection bond? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
The MVD is waiting on one document.
$1,500 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.