New Hampshire Auto Dealer Bond

New Hampshire Auto Dealer Bond

All retail vehicle dealers are required to be licensed and file a $25,000 surety bond with the New Hampshire Division of Motor Vehicles. The Vehicle Dealer Bond is a form of financial security, provided through a surety company that affords protection to the public should they experience monetary loss at the hand of a licensed dealer.

Click the button and get your bond in minutes:

QUOTE

How Much Do New Hampshire Motor Vehicle Dealer Bonds Cost?

The bond price is determined through a soft credit check and analyzing the dealer’s years of experience. The chart below reflects starting rates:

Bond TermPrice
Monthly$17
1 Year$169
2 Years$295
3 Years$422
New Hampshire Dealer Bond Cost

The monthly option allows you to operate seamlessly, not having to worry about bond renewal, as long as payments continue to go through. The annual and multi-year plans provide a discounted rate. For renewal, Jet will send you an email link where you can simply input payment information.

New Hampshire Retail Vehicle Dealer License Classifications

Several dealer types need a Vehicle Dealer Bond to be able to operate in the state of New Hampshire. All classifications listed have the same bond amount of $25,000. 

Retail Vehicle Dealer: Sells 5+ vehicles in a calendar year and has a franchise.

Utility Dealer: Sells or exchanges camp or travel trailers, utility trailers, semi-trailers, boat trailers, farm equipment, tractors, construction equipment, manufactured housing, and modular buildings.

Auto Recycling Dealer: Buys secondhand vehicles to remodel, take apart, or rebuild the same, and sells vehicle parts.

Auto Wholesale Dealer: Purchases vehicles with the intent to sell to other vehicle dealers

Motorcycle Dealer: Sells 5+ motorcycles in a calendar year.

Repair dealers and Transport dealers are exempt from the surety bond requirement.

Dealers must renew their licenses by March 31 every two years on even-numbered years, e.g. 2024, 2026, 2028. If a dealer becomes licensed during an odd-numbered year, they are required to renew during the next even-numbered year, and then every two years thereafter.

Why Does New Hampshire Require Vehicle Dealers to Hold a Surety Bond?

As with the other 49 states, New Hampshire enforces certain requirements upon vehicle dealers to protect the public from dealer misconduct. The surety bond is just one mandate that dealers must comply with, which provides compensation to anyone who has lost money by working with a fraudulent or negligent dealer.

Things that lead to bond claims include failing to deliver a title with vehicle purchase or failing to collect fees related to vehicle registration.
To read dealer legislation, refer to New Hampshire Statutes XXI: Motor Vehicles.

How to Get a New Hampshire Retail Vehicle Dealer Bond

To get started with the application process, click the button:

QUOTE

After you get through a few screens of the information required to get you a quote, you’ll be presented with monthly, annual, and multi-year payment options; choose the one that works best for you, then input your credit card information. Once the payment goes through, your bond form and receipt will be available to download. 

Your bond will need to be on file with the Division of Motor Vehicles, which is located at the address below:

New Hampshire Department of Safety

Division of Motor Vehicles
23 Hazen Drive

Concord, NH 03305

If you need to cancel your bond at any time, email [email protected]. Once we notify the DMV, the bond will remain on file for 60 days before being cancelled.

We produce these bonds as Jet Insurance Services through our partnership with Lexington National Insurance Corporation.

Read About Dealer Bond Claims and Bond Handling With Jet

How to Renew My Bond

See the ins and outs surrounding renewing with Jet—it’s quick.

How to Cancel My Bond

Looking to cancel? This article has all the details you need.

Bond Claim Process

Read more about claim causes and the claim process for dealers.

New Hampshire Retail Vehicle Dealer Bond Form Example

New Hampshire Auto Dealer Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: