New York — Motor Vehicle Dealer Bond
New York motor vehicle dealers choose bond security using the dealer class and prior-year sales. Check both before selecting the amount, then start the Propeller application with your dealership details.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- New York
- Category
- Vehicles, titles & transportation
What this bond does
Surety bond to ensure compliance with dealer requirements.
- Who needs it
- Retail or Wholesale Motor Vehicle Dealers (other than New) and New Retail Motor Vehicle Dealers.
- Who it protects
- The form identifies it as an obligation to the state/public safety regarding dealership operations.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- VS-142: DEALER/TRANSPORTER REQUIREMENTS (PDF) (opens in a new tab)Checked October 19, 2026
Have these ready
- Have last year’s vehicle sales count and the exact dealer classification ready; do not select an amount from sales volume alone.
- Have the legal applicant name, requesting party and any required form available for the provider application.
- Compare the requested sum and effective dates with the actual option and issued document.
Questions about this bond
How do I choose the bond amount?
The instructions state $50,000 for new retail motor vehicle dealers. For other retail or wholesale dealers, the amount is $20,000 for 50 or fewer prior-year vehicle sales and $100,000 for more than 50.
Are boat-only dealers included?
The cited instructions exempt dealers selling only boats from this bond requirement.
Where do I apply and file?
Purchase Now opens Propeller in a new tab through The Southern Agency. After issuance, check the bond and file it with NYS DMV as instructed.