Ohio Motor Vehicle Dealer Bond - Bonding Solutions

Ohio Motor Vehicle Dealer Bond

Motor Vehicle Dealers, also referred to as Auto Dealers, are required to obtain a license before operating as a vehicle dealer in the state of Ohio, part your licensing process is acquiring a surety bond.

 

Apply Now

Why work with Bonding Solutions? Simple! We are different!

We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:

  • #1 Rated Bond Agency Nationwide
  • Find the Lowest Bond Costs in Minutes
  • Quickest Approvals
  • Pay Instantly Online – 100% Secure
→ Get Started!

What is an Ohio Motor Vehicle Dealer Bond?

Auto dealer bonds are mandatory requirements for all operating motor vehicle dealers in Ohio. A surety bond also acts as a contract between the dealer, the surety company, and the state, ensuring that the auto dealer conducts business according to Ohio’s Statutes and laws. This bond is required to prevent customers from being harmed due to illegal business activity, for example, but not limited to:

  • Fraud
  • Knowingly selling stolen vehicles 
  • Not honoring written contracts with your consumer

Bonding Solutions has innovated new programs allowing any client or agent to receive industry-low pricing their bond. Get your quote today.

Bonding Solutions | Ohio Motor Vehicle Dealer Bond
Bonding Solutions | Ohio Motor Vehicle Dealer Bond
Bonding Solutions | Ohio Motor Vehicle Dealer Bond

How much Ohio Auto Dealer Bond Cost?

Ohio motor vehicle dealer bonds are required to be posted at $20,000 or $25,000 depending on the type of dealer applying. You do not pay the full bond amount, only a percentage based on your personal credit history and other qualifications. Highly qualified applicants can pay as low as 0.5% of the bond amount. Regardless of the type of credit you have, Bonding Solutions provides its proprietary programs that allow you to receive a low rate on your bond. Get a free quote today.

Why is Ohio Motor Vehicle Dealer Bond Required?

Auto dealers in Ohio are required to get a motor vehicle dealer license to conduct business in the state. A central part of dealer business licensing is posting an Ohio auto dealer bond that protects buyers from a dealer’s illegal business activities or fraud. If a vehicle dealer does not honor Ohio’s Statues and laws, the consumer can claim the auto dealer bond.

How do I get started?

Bonding Solutions has developed a broad and effective surety bond approval system. Begin with taking our two-minute application or call. After we receive your information, we will present our low pricing and terms. As soon as you accept terms and pay for your bond, we will email and send you your auto dealer bond the same day.

Get Started

Additional Resources

Ohio Motor Vehicle Dealer Licensing Information

Surety Bond List

Load More

Questions?

Call us today to speak to a Surety Bond Specialist

(877) 841-6745