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The state of Florida has specific regulations and requirements for auto dealer surety bonds which will be different from what other states do. Whether you are considering owning a dealership of any variety, or you currently do and need to ensure you stay in good standing and maintain your license, you can use this guide to learn more about Florida auto dealer bonds. One of the key areas of difference between Florida and other states is that they break down their motor vehicle dealer licenses into a variety of classifications. As opposed to one overarching license, there's a handful. This includes independent dealers, abbreviated as VI, franchise dealers, VF, and several types of recreational dealers, RV and RU. VI dealers are licensed to sell used motor vehicles only, whereas VF dealers sells new vehicles from a manufacturer, and may also sell used vehicles, too. For recreational dealers, RU licenses can sell used recreational vehicles only, while RV dealers can sell both new and used recreational vehicles. Beyond these, there are still other licenses, for example, wholesaler dealers, VW, and auctions, VA. There are also mobile home dealers and brokers, salvage licenses, and beyond. Looking at all of types of Florida auto dealer bonds, one of the ways they're differentiated is their annual expiration date. Used car dealerships with VI licenses have their bonds expire on April 30th, while franchise dealers with a VF license have their bonds expire on December 31st. Both types of licenses for recreational dealers expire on September 30th. One factor which remains consistent is that the bonds are annually renewed, with one year terms. Further, in the state of Florida the bond must be for $25,000 as a minimum. There may also be further requirements for your license though. For example, garage liability insurance is a requirement for certain types of dealer licenses. The application process itself will also have a range of other logistic and administrative requirements, not to mention fees too. In all states, the regulations can be quite different, as this is a state by state matter, and there are no consistent federal mandates. That means even if you've been a car dealer in other states, you'll still need to acclimate to your new locale and learn what's mandated. Clearly, there's plenty to consider when it comes time to get your auto dealer bonds in Florida. Be sure to consult with a local professional who knows what needs to be done to get your bond, get your license, and keep everything in good standing, and who can also provide you with a great deal and attentive service.