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New Jersey vehicle leasing bonds.
$100 flat.
New Jersey requires every licensed vehicle leasing company to file a $10,000 bond with the Motor Vehicle Commission, in favor of the State. Ours is $100 flat — set by our carrier’s rate book, identical for every company. A soft credit pull may apply; the bond is issued when you pay.
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Three steps to licensed.
Your leasing license is waiting on this bond. Here is the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the MVC
Pay online and receive the executed bond ready to mail to the MVC Business Licensing Services Bureau with your leasing company license. Wet-ink originals mailed whenever the state insists.
What it is and who needs it.
What the bond actually guarantees
New Jersey licenses vehicle leasing companies through the Motor Vehicle Commission and conditions the license on a $10,000 surety bond in favor of the State. The bond is a consumer-and-public-protection guarantee backing the company’s compliance with New Jersey law on titles, taxes, fees, and lease terms.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of New Jersey together with harmed lessees (the protected parties). If a company fails to handle title, taxes, or fees properly, or otherwise violates the licensing rules, the harmed party can recover against the bond — and if the surety pays, you repay the surety.
The amount is fixed at $10,000. The original bond is filed with the MVC Business Licensing Services Bureau after preliminary license approval, and it must stay active for your license. We track it and notify you 60 and 30 days out so your filing stays continuous.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other New Jersey bonds.
The MVC is waiting on one document.
$100 flat, short application, bond issued when you pay. Free until issued.