North Carolina Motor Vehicle Dealer License Bond
In order to obtain or become licensed as a motor vehicle dealer, the applicant, intending to deal in self-propelled vehicles, trailers or semitrailers of more than 2,500 pounds unloaded weight must have an established salesroom located in the State of North Carolina where the records required under this Article 12 Chapter 20, are kept.
Applicants for a license as a manufacturer, factory branch, distributor, distributor branch, wholesaler, or a motor vehicle dealer must have a separate license for each established office, salesroom, or other place of business in North Carolina.
Each applicant approved by the Division for a license as a motor vehicle dealer, manufacturer, factory branch, distributor, distributor branch, or wholesaler shall furnish a Norh Carolina Motor Vehicle Dealer License Surety Bond. The bond amount required for a motor vehicle dealer's license $50,000 for one established salesroom of the applicant and $25,000 for each of the applicant's additional established locations/salesrooms.
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