2026 Ohio Used Auto Dealer Bond Amount Increase
If you’re a used vehicle dealer in Ohio, you now need to file a $75,000 surety bond. This increase from the prior $25,000 bond amount took effect on April 1, 2026.
Continue reading for instructions on how to increase your bond amount.
What Are the 2026 Ohio Auto Dealer License Changes?
In January 2026, the Ohio Department of Public Safety’s Bureau of Motor Vehicles (BMV) updated several Ohio Administrative Codes related to motor vehicle dealers. These changes clarified requirements for dealer facilities, training and recordkeeping.
The BMV also increased the surety bond amount from $25,000 to $75,000, effective April 1, 2026. This aims to enhance consumer protection as vehicle costs continue to rise.
What Is the New Ohio Used Dealer Surety Bond Requirement?
The Ohio BMV raised the required bond amount from $25,000 to $75,000 for all used vehicle dealers in the state. New license applicants must purchase a $75,000 surety bond. Current dealers will need to increase their coverage at their next license renewal.
This bond requirement applies to the following types of dealers:
- Used motor vehicle dealers
- Used motorcycle dealers
- Used all-purpose vehicle (APV) dealers
How Do I Update My Current Bond Amount?
If you work with the same surety market, the BMV will accept a rider document. This will increase your coverage amount while keeping the same policy.
You can also cancel your current bond and purchase a new one to file with your license renewal. Contact your surety provider to see which options are available.
If you purchased your original bond from SuretyBonds.com, apply to get your new rate for the $75,000 bond. We’ll run a soft credit check and send you a personalized quote within one business day. Once you pay the premium, we’ll email the bond form for you to file with the BMV.
How Much Does the $75,000 Bond Cost?
The $75,000 bond starts at $750 for a one-year term. Most applicants qualify for this base rate.
The $25,000 was available for instant purchase at a flat rate. For the $75,000 bond, surety underwriters will review your credit score for personalized pricing. Apply for your Ohio used vehicle dealer bond quote today.
When Do I Need to Increase My Bond Amount?
New applicants must purchase a $75,000 bond. If you’re a current dealer, you don’t need to update your bond amount until you renew your license.
In Ohio, used auto dealer licenses expire every two years on March 31. You can renew your 2026 bond at the $25,000 amount with no penalties. However, when your license expires in 2027 or 2028, you’ll need to increase your bond amount to $75,000 at renewal.
Next Steps
Be sure to increase your bond coverage by the date of your next license renewal to avoid penalties and delays.
For more information, refer to the Ohio BMV used vehicle dealer licensing page or call 1 (800) 308-4358 to speak with one of our surety experts.