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Michigan Vehicle Dealer Bond

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How much will my Michigan auto dealer bond cost?

The Michigan Department of Motor Vehicles requires uniform motor vehicle dealers to obtain a $10,000 surety bond. The cost of a Michigan auto dealer bond can start at 1-3% of the bond's amount for qualified applicants. However, an underwriter must review the application prior to providing the exact cost.

Let the experts at SuretyBonds.com try and find the lowest rate to get you the surety bond you need. Give us a call at 1 (800) 308-4358 or submit a bond request to get bonded!

Bond Type
$10,000Vehicle Dealer Bond

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. You’ll receive your free, no-obligation bond quote within one business day of submitting your application.

Why are vehicle dealers in Michigan bonded?

Michigan dealer surety bonds are required as part of the licensing process to guarantee that the principal (vehicle dealer) will not sell any vehicles that they know to be faulty, conduct business at a non-licensed location or engage in any fraudulent, unethical or unlawful practices. Uniform vehicle dealer surety bonds also make certain that dealerships pay the state for any and all owed taxes or other related fees.

This bond does not allow Michigan car dealers to acquire late-model vehicles or salvageable parts through a salvage pool, or broker without first obtaining a salvage vehicle agent license. The Secretary of State will investigate any and all alleged cases of persons conducting business as a salvage vehicle agent without a license.

Still have questions about your surety bond needs? Don’t worry, our experts have an unparalleled knowledge of surety bonds and are here to answer all of your questions. Give us a call today at 1 (800) 308-4358 or submit a bond request to get a free, personalized quote on a Michigan auto dealer bond.

Please note this page is for vehicle dealer licensing. If you have lost or need to obtain a vehicle title, a Michigan uniform vehicle title bond is required.

How to become a motor vehicle dealer in Michigan

The following information must be included on the application to become an auto dealer in Michigan:

  • a completed zoning approval form for all license classifications being applied for
  • a completed municipality approval form for all license classifications being applied for
  • a copy of the business creation document or assumed name filing
  • one copy of the signed receipt as proof of fingerprinting for each applicant
  • franchise agreement(s) for Class A dealers
  • a certificate of insurance for workers’ compensation insurance or a notice of exclusion form (Class C or Class R dealers only)
  • a repair facility registration application or an agreement with a registered repair facility (Class A and B dealers only)
  • a certificate of insurance for fleet-type Michigan no-fault insurance (Class A, B and W dealers only)
  • a check or money order payable to State of Michigan for the license and plate fees
  • a completed vehicle dealer surety bond (Class A, B and D dealers only)

Applicants should allow at least 30 days for processing. Michigan uniform vehicle dealer surety bonds are continuous until canceled. In the event of cancellation, the surety must give the state at least 30 days notice.

Individual owners and partners must be listed on the bond form in addition to the business name and address. Corporate officers do not need to be listed for a corporation, but the corporate name (or DBA, if applicable) must appear on the bond form.

Still have questions about your surety bond needs? Don’t worry, our experts have an unparalleled knowledge of surety bonds and are here to answer all of your questions. Give us a call today at 1 (800) 308-4358 or submit a bond request to get a free, personalized quote on a Michigan auto dealer bond.

Ready to get started?

Call 1 (800) 308-4358 to talk with a Surety Expert