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Wisconsin
Lessor Bond

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Coverage Amount: $1,000 - $100,000
Term Length: 1 year
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Wisconsin Lessor Bond Guide

If you plan to lease motor vehicles in Wisconsin, you’ll need this surety bond. 

Bond Overview

  • Purpose: To ensure motor vehicle lessors uphold state regulations
  • Who Needs It: Auto dealers leasing vehicles in Wisconsin
  • Regulating Body: The Wisconsin Department of Transportation
  • Required Coverage: $1,000–$100,000
  • Premium Rate: Credit-based, typically 1–10%

Learn all about the bond requirements and process in this guide.

What Is a Wisconsin Lessor Bond?

A Wisconsin lessor bond holds auto dealers financially responsible for damages caused by the negligent operation of a leased vehicle.

The Wisconsin Department of Transportation (WisDOT) determines your bond amount based on your leasing activity.

How Much Do Lessor Bonds Cost?

Wisconsin lessor bonds cost a small percentage of the coverage amount, typically 1–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$1,000-$100,000Lessor Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

Who Needs a Lessor Bond? 

The Wisconsin Department of Transportation requires this bond for all auto dealers that lease vehicles. 

Note: You’ll also need the Wisconsin motor vehicle dealer bond for initial licensing as a dealer. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Wisconsin lessor bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with WisDOT as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Wisconsin Lessor Bond Work? 

A lessor bond creates a legal contract between these three parties: 

  1. Principal: You, the motor vehicle lessor filing the bond
  2. Obligee: The Wisconsin Department of Transportation requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of WI Stat § 344.51. 

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 lessor bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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

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