NM motor vehicle dealer bonds.
$1,500 flat. Soft pull.
New Mexico requires every licensed motor vehicle dealer, wholesaler, distributor, or auto recycler to file a $50,000 bond with the Motor Vehicle Division under NMSA 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.
Trusted by industry leaders
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. 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 MVD
Pay online and receive the executed bond ready to file with your dealer license application at the Motor Vehicle Division. 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 motor vehicle dealers through the Motor Vehicle Division of the Taxation and Revenue Department, and conditions the license on a $50,000 surety bond under NMSA 66-4-7. The bond is a buyer-protection guarantee: it is payable to the state for the use and benefit of purchasers and their vendees.
By statute, the bond stands behind any loss caused by failure of the title on a vehicle you sell, fraudulent misrepresentation, or a breach of warranty as to freedom from liens. It is a three-party arrangement: you (the principal), the surety carrier, and the State of New Mexico together with harmed buyers.
It is not insurance for you — if the surety pays a claim, you repay the surety. Dealers selling motorcycles only file a smaller $12,500 bond instead; send us your license type and we will confirm which amount applies.
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? +
What does the bond guarantee? +
Is there a credit check? +
I only sell motorcycles — is it still $50,000? +
Other New York bonds.
The Motor Vehicle Division is waiting on one document.
$1,500 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.