Louisiana Dealer Bonds Expire End of Year
It’s almost that time of year once again for auto dealerships in the state of Louisiana. That’s right, all Louisiana motor vehicle dealer bonds expire on December 31st, at the end of the calendar year.
All states handle their expirations and renewals differently. Down in the Bayou, it’s simply the end of the year for everyone. That makes it simpler and easier to sort through for businesses, but it also creates a major deluge at the end of the period. So don’t hold off until the last second, be sure to get this taken care of before it’s too late.
Of course, we’ll be there for you at every step of the process. Allow us to handle the legwork for you for a smooth and stress free experience, to ensure you stay in compliance with all the regulations, and to get a great deal on your bonds and other insurance, too.
Another thing to keep in mind with expirations coming up is that you have to look back on your year of sales to determine how much you’re going to need to get your bond for.
Louisiana auto dealerships who sold less than 120 vehicles in the proceeding 12 month period need a minimum of $20,000. Those who sold more than that need to up their minimum to $35,000. If you’re a dealer who hovers around that figure, then you’ll always need to check each year, as it can continue to be moved up and down according to those sales numbers.
If you have any questions about your auto dealer bonds in Louisiana, such as the minimum amount of coverage you need or how that’s determined, or anything else, then feel free to get in touch with us. You can call us NOW 407 889 2612, or you can fill out the contact form to send us an email.