Florida Motor Vehicle Dealer Bonds Expiration Date Approaching

How to Renew Your Florida Auto Dealer Surety Bond

A very important date is coming up for Florida motor vehicle dealer bonds, and it’s the annual expiration date and renewal deadline. All non-franchise car dealers have their bond set to an expiration date of April 30, which is the last day of the month.

However, the process really must begin sooner than that. You have to make sure you get your renewal application and assorted paperwork submitted and processed before that time, and you don’t want to cut it too close. It’s recommended that you file for your next year’s Florida auto dealer surety bond by March 31, giving you a full month before the actual expiration notice.

The required bond amount is for $25,000, and you must file and complete the Florida Department of Highway Safety Motor Vehicles (HSMV) form 86020.

Of course, keep in mind that recreational vehicle and mobile home vehicle dealers have different requirements in terms of the bonds they need, the specific class of Florida dealers license they’ll have, and forms they’ll need to fill out. The expiration dates are also different for everyone, so you need to make sure you’re on top of it and you know when you’re set to expire, what you need to do, and how you can proceed as swiftly and effectively as possible.

So, if you have a Florida dealers license and you’re not a franchise car dealer, then you need to get your annual Florida auto dealer surety bond en route before it’s too late. The last thing you want is for a snag in the paperwork or logistics to hold up your business operations, and potentially set you back quite a bit.

Call us today at 407.889.2612 and we’ll get you started with the renewal of your Florida motor vehicle dealer bonds.

Contact us today for a free quote on your surety bond or insurance:

ACI Insurance
660 Executive Park Ct., Suite 1500
Apopka, Fl 32703
Phone: (407) 272-1976
Fax: 1 (866) 483-0890

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