How much does an auto dealer bond cost in Missouri?
The required amount of Missouri car dealer bonds is $25,000. These bonds are subject to underwriting, and the price you’ll pay depends on a review of your personal credit report. Applicants with strong financial credentials could pay as low as $150!
Don’t let a low credit score stop you from getting the bond you need! SuretyBonds.com offers an exclusive bad credit bonding program through which we can approve 99% of applicants. Our team of surety experts will work hard to get you bonded for the best rate possible.
Ready to get started? Call 1 (800) 308-4358 or click here!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Motor Vehicle Dealer Bond||$25,000||Starts at $150||$200-800||$750+||Apply Now|
If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form. One of our experts will personally walk you through our simple bonding process and provide you with a free bond quote. It’s that easy!
Why do I need this bond?
Missouri auto dealer bonds are put in place to ensure that principals (car, truck and boat dealers) comply with the provisions of Missouri statutes applicable to the following professionals:
- new motor vehicle franchised dealers
- used motor vehicle dealers
- power sport dealers
- trailer dealers
- wholesale motor vehicle dealers
- boat dealers
If the dealer fails to adhere to industry laws and regulations and the terms of the surety bond contract, a claim can be filed against the bond. If the claim is proven, the surety will pay damages to harmed parties up to the full bond amount. The dealer, in turn, must reimburse the surety and could face other consequences such as suspension or revocation of the dealer’s license.
Have questions about this bond? Our team of surety experts can help. Call 1 (800) 308-4358 or fill out our online contact form to get started!
What’s the fine print?
Missouri auto dealer bonds are continuous until canceled. To cancel the bond, the surety must give written notice to the principal and the Missouri Department of Revenue stating the date of cancellation. Cancellation goes into effect 30 days after the Department receives the notice of cancellation.
How to become an automobile dealer in Missouri
Each application for an auto vehicle dealer license must be submitted on the form prescribed by the state and include the following information:
- birth dates, social security numbers and residence addresses of all owners
- complete business name, physical address and mailing address, if applicable
- sales/plate order with fees calculated and recorded on the application
- factory franchise trade names and expiration dates
- a copy of the factory franchise agreement
- current photograph of the place of business (building, lot and sign)
- a copy of the garage liability policy (manufacturers, auctions and trailer dealers are exempt)
- and more
More information about Missouri auto dealer licensing can be accessed from the Additional Resources section of this page.
Let our experts do all of the hard work for you! Click here or call 1 (800) 308-4358 to get a free bond quote.
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