Delaware requires motor vehicle dealers that self-finance vehicle sales without charging interest to the buyer to secure a $25,000 surety bond. Jet’s direct model provides you with quality service and the best rates—get your bond in minutes:
The following license types must be licensed through the Department of Motor Vehicles:
The surety bond is to be filed with the Department of Finance, Division of Revenue.
We study the car business to sniff out the shady shops that cause all of the claims, allowing us to lower bond prices for Delaware dealers.
Other bond providers just run a generic credit check, which opens the floodgates causing quality dealers to unfairly subsidize the deadbeats with an inflated premium.
We think honest dealers with solid business practices should get to save on their bond.
We also provide dealers direct access to surety underwriters and claims handlers without any agents or brokers in the middle. Eliminating the middleman dramatically simplifies the bond purchase and filing process with the lowest rates, no down payment, a no-obligation monthly payment option, and the best defense should anyone ever make a claim on your bond.
Jet’s rates start at $150 for a one-year term or $15 monthly. After filling out the application, approved rates will be shown and you can purchase the bond directly online. Multi-year rates are available should you choose to pay a bit more upfront for a discount in the long run.
Bond Term | Cost |
---|---|
Monthly | $15 |
1 Year | $150 |
2 Years | $263 |
3 Years | $375 |
The bond cost is dependent on years of experience and credit score (it’s a soft check that won’t affect your credit).
The Delaware Department of Finance, Division of Revenue is tasked with certain enforcement of Title 30, Chapter 30, of the Delaware Code upon motor vehicle licensees. One of the requirements to become a licensed motor vehicle dealer, mobile home dealer, auction holder, or wholesaler is a surety bond. The intent of the bond is to provide a means of recompense in situations where the licensee causes financial loss to a person or entity.
Jet’s role as the surety company is to front the money in the event of a valid bond claim, which can happen for things such as odometer tampering or misrepresentation of a vehicle. If a claim payout is made, the licensee is not permitted to continue work as a dealer until they have restored the bond to its full amount by paying Jet back—more information can be found in the Bond Claims Process link below.
It takes less than three minutes to complete the process and obtain your approved bond rates.
Once you’ve completed the application and paid for the bond, the bond form will be ready for download, along with your receipt. You may be able to upload the surety bond to onestop.delaware.gov. If it needs to be mailed in, you can send to the following address:
Delaware Division of Revenue
PO Box 8911
Wilmington, DE 19801