Wyoming Dealer Bond Overview
- Purpose: To guarantee dealers follow all state regulations and protect their clients
- Who Needs It: Any dealer that sells more than two cars per year in Wyoming
- Regulating Body: The Wyoming Department of Transportation, Motor Vehicle Services
- Bond Amount: $25,000
- Minimum Price: $250; credit-based
What Is a Wyoming Vehicle Dealer Bond?
A Wyoming vehicle dealer bond prohibits dealers from committing fraud, misrepresentation, or violating any other regulations. It also guarantees the return of dealer licenses, full use and demo license plates, and temporary permit seals.
Who Needs a Vehicle Dealer Bond?
The Wyoming Department of Transportation Motor Vehicle Services requires anyone who sells three or more cars within a 12 month period to have a license and surety bond.
Note: If you're trying to register a vehicle with a missing title, a separate Wyoming certificate of title bond is required.
How Much Do Vehicle Dealer Bonds Cost in Wyoming?
The $25,000 Wyoming vehicle dealer bond premium starts at $250 for applicants with excellent credit. Rates vary between 1% to 10% based on financial risk. Apply for your free quote now.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Dealer Bond Work?
A Wyoming dealer bond creates a legal contract between three parties. It protects the state of Wyoming, the DOT, and consumers from financial loss.
| Bond Party | Description |
|---|---|
| 1) Principal | The vehicle dealer filing the bond |
| 2) Obligee | The Department of Transportation – Motor Vehicle Services |
| 3) Surety | The issuing surety provider |
By filing a Wyoming vehicle dealer bond, you agree to abide by all applicable Wyoming statutes. If you don’t, the surety will pay valid claims up to the full $25,000 bond amount, which you must then reimburse.
How Do I Get a Vehicle Dealer Bond in Wyoming?
You can apply for your free Wyoming auto dealer bond quote online 24/7. Just complete the quick form on this page and provide the following information:
- Dealer/dealership name
- Dealership location address
- Dealer license number, if available
We’ll determine your exact rate and provide your quote within one business day. You'll receive your official bond form by email once your order is processed.
How Fast Can I Get My Bond?
We deliver Wyoming dealer bonds faster than any other surety provider. Orders placed by 4 PM CST Monday-Friday are typically processed and emailed the same day.
How Do I Renew My Bond?
You should renew your auto dealer bond before its one-year-term expires. We’ll provide reminder emails and texts with your invoice to keep the bond active for another year. All you need to do is pay the renewal premium to maintain coverage.
Can I Make Changes to My Bond?
If the Wyoming Department of Transportation requires your bond documentation to be updated for any reason, contact your surety provider. If you purchased your bond from us, email [email protected] to explain the needed change.
The most common changes requested for these bonds are the dealership's name or address.
How to Get a Vehicle Dealer License in Wyoming
To become a dealer in Wyoming, fill out the application form and complete the following steps:
- Undergo a criminal background investigation, and submit two fingerprint cards.
- Include pictures of the business and signage.
- Provide proof of zoning approval.
- Provide a copy of your lease or rental agreement if you rent your business location.
- Submit a copy of your Articles of Incorporation.
- Provide IRS documentation of your FEIN.
- Include a copy of your Wyoming Sales/Use Tax License Number.
- Provide a copy of your franchise agreement (franchise dealers only).
- Check for license fee ($25–$100)
Submit your complete application packet to the Wyoming DOT MVS.
WYDOT
ATTN: Motor Vehicle Services
5300 Bishop Blvd.
Cheyenne, Wyoming 82009-3340
You’ll file your surety bond with WYDOT once approved for your dealer license.
