What is a Vehicle Title Bond/ Bonded Title?
A Vehicle Title Bond is a type of surety bond that provides you full ownership of the vehicle, whether it is a personal or commercial vehicle, and it entitles you to purchase insurance, register, or even sell said vehicle.
Why do You Need a Vehicle Title Bond?
Title bonds help verify that you are the rightful owner of the vehicle. The following are examples of when you would need this specific type of bond:
- The original vehicle title was lost or stolen
- The vehicle was paid for but the title was never given to you
- The vehicle is too old to have a title
- The vehicle is custom-made
How much does a Title Bond Cost in Texas?
The cost of title bonds can range based on the value of the vehicle.
An example would be: a bond for a $5,000 vehicle value would cost $325.
How long is a Title Bond good for?
In Texas, Title Bonds are effective for a period of three years. After this period, the Texas DMV will give back the bond to the vehicle owner.