What Is the South Carolina Motor Vehicle Dealer Bond?
A South Carolina motor vehicle dealer bond is a money guarantee. It protects your buyers, not you. If you break a dealer rule or fail to pass clear title, they can claim against it. The surety pays them, then you repay the surety.
How much bond you need in South Carolina:
- New and used dealers: $50,000.
- Motorcycle-only dealers: $25,000.
- Wholesale auto auctions: $15,000.
South Carolina raised these amounts in 2024.
Who Needs This Bond in South Carolina?
- Every dealer in South Carolina needs the bond.
- This includes new, used, and wholesale dealers.
- Renewing dealers must keep the bond in force.
How to Get Bonded — Step by Step
- Apply for your dealer license.
- Get your bond here. We shop several sureties for your best rate.
- Send the bond to the South Carolina DMV.
- Get your license and start selling.
Renewal & Continuous Bond Coverage
South Carolina dealer licenses renew each term. Keep your bond active the whole time. Renew early so you do not lose your license.
Frequently Asked Questions
Did South Carolina change its dealer bond?
Yes. In 2024 the standard bond rose to $50,000, and motorcycle dealers to $25,000.
Does the South Carolina bond protect me?
No. The bond protects your customers and the state, not you. If a claim is paid, you repay the surety. The bond is not your own insurance.
How fast can I get bonded in South Carolina?
Most quotes come back fast, often within a day. Many bonds are issued the same day for good credit.
How much does the bond cost?
You pay a yearly premium — a small percent of the bond amount. Your rate depends mostly on your credit.
How a Surety Bond Works
A dealer bond is a type of surety bond. The picture below shows the three parties and what happens if someone files a claim.
Ready to get your South Carolina Motor Vehicle Dealer Bond?
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Related: All South Carolina surety bonds · What is a surety bond? · How surety bond costs are calculated