Motor Vehicle Bond in Concord, NC

What should you do if you are getting ready to buy or sell a vehicle and discover a problem with the title? 1st Choice Bonding & Surety offers motor vehicle bonds in Concord, NC, and the surrounding areas. We can protect the vehicle from claims, reduce the risk of fraudulent title transfers or sales, and resolve issues associated with lost, missing, damaged, or incomplete vehicle titles. Call us now to get started.

What Is a Vehicle Bond?

A vehicle bond is a surety bond that protects a vehicle’s title from claims due to the owner’s lack of official ownership documentation. It is also called a title bond, lost title bond, or defective title bond. You may need to contact an agency that bonds vehicles if:

• The vehicle’s original title is missing.
• You purchased a vehicle, and the previous owner lost the original title.
• The title received from the vehicle’s seller is incorrect or is missing information.
• You can’t find the title to a vehicle and need to transfer ownership.
• You only received a bill of sale when purchasing a vehicle.
• The vehicle you purchased has undisclosed liens, and you are unable to complete a standard title transfer.
• You need to prove ownership to the Department of Motor Vehicles.

How Vehicle Insurance Bonds Work

Vehicle bonds offer a different method for proving title or ownership of a vehicle. This protects you as well as previous owners, lienholders, and future owners from claims against the vehicle. You can apply for the bond through a surety company and pay a percentage of its value. The bond amount is set by the state and determined by the vehicle’s appraised value. You can then submit the bond and necessary documentation to your local DMV to receive a bonded title. Some of the benefits of getting an insurance bond for your vehicle include:

• Proof of Ownership – Obtaining a bonded title provides you with legal proof of ownership of your vehicle. The bond acts as a three-party contract in which the surety company guarantees that you are the rightful owner.
• Protection Against Liability – If there is found to be a valid claim against the title of your vehicle, the surety company will pay the claim., You will then need to reimburse them. This protects you from liability claims that may arise later after you sell the vehicle.
• Easier to Get Registration and Insurance – You can use the bonded title to register, insure, and drive your vehicle without risk of financial or legal issues.
• Reduced Risk of Fraud – Obtaining a bond can reduce the risk of fraudulent activity and make it harder for someone to illegally obtain your vehicle’s title.

Types of Vehicle Bonds

There are two primary types of vehicle bonds: Title bonds and motor vehicle dealer bonds. We offer title bonds. Let’s take a look at both types so that you understand the differences:

• Dealer Bonds – Dealer bonds can include new, used, and wholesale vehicle bonds as well as motorcycle, RV, mobile home, and driving school bonds. This type of surety bond is required by the state and acts as a financial guarantee to buyers to protect them from fraudulent or illegal vehicle sales or title transfers.
• Title Bonds – Title bonds include certificates of title surety bonds, lost title bonds, and defective title bonds. They back the title if the original is lost or has defects, and prove to the DMV that you are the rightful owner of the vehicle.

Why Choose 1st Choice Bonding & Surety for Vehicle Bonds

1st Choice Bonding & Surety specializes in 24/7 bail bonds and vehicle bonds. We have a team of licensed experts who can help you determine if you need a title bond and help you navigate the process with ease. Whether you are buying or selling a vehicle, can’t register your vehicle due to a lost title, or have discovered that your title has incorrect or missing information, we can help. We are happy to answer any questions you have, and we will do everything we can to make the process as fast and easy as possible.

Need a Vehicle Bond or Bail Bond Services? Contact Us Today

If you don’t have the proper title for your vehicle, you may not be able to sell it, or you may face problems with the DMV or risk getting pulled over for lack of vehicle registration or insurance. We can help. Don’t delay in calling us or contacting us online if you need vehicle bond services in Concord, NC, or the surrounding areas. We will help you resolve your vehicle title problems as quickly as possible. We also offer affordable bail bond services.