All Indiana motor vehicle dealers are required by the Indiana Secretary of State to hold a $25,000 Vehicle Merchandising Bond, also known as an Auto Dealer Bond. Click the quote button, fill in some quick information, and get your bond in under five minutes.
Jet provides pricing options that work for everyone.
With good credit and years of experience, you can be approved for a rate of $100 for one year or $10 a month.
The following vehicle businesses must hold an Indiana Vehicle Merchandising Bond:
Several laws are set forth in Indiana Code, Title 9, Article 32 that apply to motor vehicle dealers. The Indiana Secretary of State has the responsibility of regulating dealers and holding them accountable to comply with said laws. This is done through licensing and the surety bond.
Jet is the guarantor on the surety bond, meaning that by providing the bond, Jet is guaranteeing payment should things go awry. More specifically, if an auto dealer fails to abide by the rules and regulations and therefore causes monetary loss to a customer or the obligee, there is a means of restitution available (but the dealer isn’t off the hook). A few examples of when a bond is used for reimbursement include: odometer tampering, nonpayment of fees and taxes, and failure to deliver a vehicle title.
More information on claims can be found in the Motor Vehicle Dealer Bond Claims Guide.
Step 1: Fill out the required information
Step 2: Select your preferred bond term and make payment
Step 3: File your bond with the Secretary of State. This can be done in your dealer dashboard.
If anything needs to be filed the old fashioned way, it can be done at this address:
Indiana Secretary of State, Auto Dealer Services Division
302 West Washington Street, Room E-111
Indianapolis, IN 46204