Motor Vehicle Dealer Bond
File the FLHSMV $25,000 dealer surety before your lot opens
Florida motor vehicle dealers must post a $25,000 surety bond with FLHSMV under Fla. Stat. § 320.27 (Form HSMV 86020) for VF, VI, VW, VA, and SD classes.
Or call (877) 477-7578
A Florida motor vehicle dealer bond is a three-party surety obligation that protects consumers and other dealers when a licensed dealer violates Chapter 320 dealer duties.
The surety bond guarantees that the principal will perform the duties required under Fla. Stat. § 320.27 up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Florida obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Any business seeking a Florida FLHSMV motor vehicle dealer license (franchise, independent, wholesale, auction, or salvage) needs this bond before the license issues.
Submit an original Form HSMV 86020 surety bond (or irrevocable letter of credit on the department form) in the exact $25,000 penal sum with your dealer application.
Share your license type, court order, or obligee form and the exact penal sum required by Florida Department of Highway Safety and Motor Vehicles (FLHSMV).
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to Florida Department of Highway Safety and Motor Vehicles or for your Florida filing package.
The amount is $25,000 for motor vehicle dealer classes (VF, VI, VW, VA, SD) on Form HSMV 86020; RV and mobile home dealers use separate statutes and amounts, as set under Fla. Stat. § 320.27 and confirmed with Florida Department of Highway Safety and Motor Vehicles (FLHSMV).
The obligee is typically Florida Department of Highway Safety and Motor Vehicles. Always match the exact name on the Florida form.
Many Florida filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Florida license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond