Nevada Auto Dealer Bond$100,000 DMV Requirement

Nevada auto dealer bonds ($100,000) typically cost $1,000-$10,000 annually based on credit. Excellent credit (750+) pays $1,000-$2,000 (1-2%). Good credit (680-749) costs $2,000-$4,000 (2-4%). Fair credit (620-679) ranges $4,000-$7,000 (4-7%). Lower credit scores may pay up to 10%.

Nevada requires one of the highest dealer bonds in the nation at $100,000 for standard motor vehicles. This protects consumers in a state with significant automotive commerce and provides substantial recourse for fraud or misrepresentation claims.

Yes, dealers with 5+ years of consecutive good standing with the Nevada DMV may request to reduce their bond by up to 50%, potentially lowering the requirement to $50,000.

Nevada bond amounts vary by vehicle type: $100,000 for cars/trucks/SUVs, $50,000 for motorcycles or horse trailers without living quarters, and $10,000 for utility/boat trailers under 3,500 lbs. Auto brokers also require $100,000.

Nevada requires a permanently affixed display sign with the business name in lettering at least 8 inches in height with 1-inch wide lines. Two color photographs of the business exterior showing the sign must be submitted with the application.

Per NRS 482.3255, disqualifications include: Class A or B felony conviction, Class C/D/E felony within 10 years, gross misdemeanor within 10 years, misdemeanor violation of Chapter 482 within 20 years, application falsification, or evidence of unfitness.

Nevada requires an established place of business within the state with a permanent enclosed building, office space, sufficient space to display vehicles, clearly marked boundaries, and proper signage visible from the roadway.

The surety must give 30 days written notice to the DMV before cancellation. Bond cancellation should only occur if you are closing your dealership or transitioning to a different surety company with continuous coverage.

Contact the Occupational and Business Licensing Section in Carson City (775-684-4690), Henderson (702-486-1371), Las Vegas Sahara (702-486-4930), Las Vegas Flamingo (702-486-8620), or Reno (775-684-3564).