City of Springfield Auto Dealer Bond Guide
If you’re applying for an auto dealer license in Springfield, Missouri, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure compliance with license regulations and protect clients
- Who Needs It: Auto dealers in Springfield, MO
- Regulating Body: The City of Springfield
- Required Coverage: $5,000
- Premium Rate: Typically $100–$500
Learn all about the bond requirements and process in this guide.
What Is a City of Springfield Auto Dealer Bond?
A City of Springfield, Missouri auto dealer bond holds dealers financially responsible for upholding municipal laws and regulations.
Local dealers are typically required to file this bond in addition to the statewide Missouri motor vehicle dealer bond.
How Much Do Auto Dealer Bonds Cost?
City of Springfield auto dealer bonds cost a small percentage of the $5,000 coverage amount, typically $100–$500.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a City of Springfield auto dealer bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll email you the bond shortly after purchase. Be sure to file it with the city as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Springfield, MO Auto Dealer Bond Work?
A auto dealer bond creates a legal contract between these three parties:
- Principal: You, the auto dealer filing the bond
- Obligee: The City of Springfield requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Springfield Municipal Ordinances.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your auto dealer bond, simply pay your renewal invoice when prompted.
After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.
