How much does an auto dealer bond cost in Wyoming?
The Motor Vehicle Services division of the Wyoming Department of Transportation requires those involved in the sale of new or used cars, trucks or mobile homes to post $25,000 surety bonds prior to conducting business in the state.
These bonds are subject to underwriting consideration, so the price you’ll pay depends on a review of your personal credit report. Qualified applicants could pay as low as 1% of the bond amount, or just $250! Bad credit? No problem! SuretyBonds.com offers an exclusive bad credit bonding program through which help 99% of all applicants qualify for the bonds they need quickly, easily and accurately. Apply for your free surety bond quote now!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Vehicle Dealer Bond||$25,000||Starts at $250||$250-2,000||$2,000+||Apply Now|
We can provide your free bond quote within 1 business day of submitting your application. Call 1 (800) 308-4358 or click here to get started!
Why do I need this bond?
By posting a Wyoming vehicle dealer bond, principals (vehicle dealers) pledge to conduct business ethically and lawfully. Specifically, these bonds guarantee that principals will return the dealer’s license, full use and demo license plates and temporary permits issued. Unlawful acts covered by this bond include:
- knowingly publishing any misleading advertising materials
- selling, purchasing or acquiring stolen vehicles
- failing to keep an established place of business
- selling any imported vehicle that doesn’t meet United States standards
- and more
If the principal fails to uphold the terms of the surety bond agreement, the bond protects the state or any person from resulting financial loss up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.
Ready to get bonded quickly, easily and accurately? Submit a bond request now!
What’s the fine print?
Vehicle dealer bonds in Wyoming remain in full force from the effective date and until expiration date listed on the surety bond form.
A notary’s seal and signature must be present on the surety bond form.
How to become an auto dealer in Wyoming
Any person engaged in the business of selling or exchanging 3 or more vehicles in Wyoming in any consecutive 12-month period must be licensed as a vehicle dealer. To become licensed, applicants must:
- submit an application to the Wyoming Department of Transportation
- submit a $25,000 surety bond on the form prescribed by WYDOT
- undergo a criminal background investigation
- and more
The vehicle dealer or Wyoming based manufacturer’s license is valid for one year. The effective and expiration dates of the license will correspond to the effective and expiration dates of the bond posted. The license must be renewed prior to the expiration date of the previous year’s license.
Kickstart the licensing process by purchasing the Wyoming auto dealer bond you need! Our experts make getting bonded fast and easy.
Ready to get started?