Establish a permanent business location with: To obtain a license, complete the following steps:ġ. It is illegal for a person to act as an auto dealer in Rhode Island without being legally licensed to do so. Call 1 (800) 308-4358 or submit a bond request to get started! How to obtain a Rhode Island auto dealer license We can provide your free, no-obligation bond quote within one business day of submitting your application. Bad credit? No problem! offers and exclusive bad credit bonding program through which we get 99% of all applicants the bonds they need quickly, easily, and accurately. These bonds are subject to underwriting, so the price you’ll pay depends on a review of your personal credit report. The Rhode Island Dealers' License and Regulations Office requires auto/car dealers to post $50,000 surety bonds prior to conducting business. Ready to get bonded quickly, easily, and accurately? Apply now! How much does an auto dealer bond cost in Rhode Island? The bond covers damages up to the full bond amount, and the principal must reimburse the surety up to the full bond amount. These bonds are put in place to protect the state and consumers from financial loss that occurs if the principal conducts unlawful or unethical business. not displaying the appropriate license at the designated principal place of business at all times.knowingly advertising any statement of fact which is untrue, misleading, or deceptive.
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