National Independent Automobile Dealers Association
Serving Quality Independent Automobile Dealers Since 1946

Dealer Bond And Licensing Information » New York

Bonds
Dealers selling 200 vehicles or fewer in the previous calendar year require a surety bond in the amount of $10,000.  Dealers selling more than 200 vehicles in the previous calendar year require a surety bond in the amount of $25,000.  New dealer applications are required to obtain a $50,000 surety bond.  
Dealer License

Dealers must be registered to do business in the State. Application and fees are submitted to Vehicle Safety Services Division in Central Office of DMV. Facility inspections are conducted prior to registration issuance.

Dealer License Fees: original registration

$325.00 for two years (includes $25.00 application fee)
$300.00 for renewal

Registrations are for a two-year period only.

Dealers purchase MV-50 Certificates of Sale from the Department.