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Pennsylvania Salvaged Auto Dealer Surety Bond

by Surety Admin 10. April 2010 02:23

Have you ever seen an abandoned vehicle? Maybe you see one on the side of the road on your way to work. Or, maybe you’ve seen one that has been sitting in the driveway of that vacant house at the end of the street; and you’re sure it is bringing down the property value of all the houses in the neighborhood. It’s probably rusty and has a flat tire. Perhaps a stray cat or two have taken up residence in the trunk that’s never closed. It has probably been there for so long, that the novelty and mystery has worn off and you’d like to take matters into your own hands.

Not so fast… like most things in life, there are laws in place to regulate what can and can’t be done with salvaged or abandoned vehicles.

For example, The Department of Transportation of the Commonwealth of Pennsylvania requires all Salvage Auto Dealers to post a surety bond in the amount of $10,000. This particular surety bond guarantees that the Salvaged Auto Dealer will comply with the rules and regulations regarding salvaged and abandoned vehicles.  In other words, just because it’s been sitting in that driveway for over a year, you can’t just start selling the parts.

Luckily, if you really want to get that eye sore out of the driveway, you can. Simply apply to the Pennsylvania Department of Transportation for a Salvaged Vehicle License and contact The Surety Group to learn about our special programs in place for the $10,000 PA Salvaged Vehicle Auto Dealer Surety Bond. With our simplified underwriting and same day service, you can get your bond approved today.


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Surety Blog Categories:  auto dealer bond | Misc Bond Information

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