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Oklahoma Motor Vehicle Dealer Bond

A motor vehicle dealer, also referred to as an auto dealer in the state of Oklahoma is required by law to post a surety bond before conducting any business.


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What is an Oklahoma Motor Vehicle Dealer Bond?

Surety bonds are required to be posted to provide buyers protection from any illegal business or fraud. This specific motor vehicle dealer bond acts as an agreement between the auto vehicle dealer (the principal), Oklahoma State Division of Motor Vehicles (obligee), and the surety company ensuring the consumer that the vehicle dealer is abiding by the states Statutes and laws.

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Bonding Solutions | Oklahoma Motor Vehicle Dealer Bond
Bonding Solutions | Oklahoma Motor Vehicle Dealer Bond
Bonding Solutions | Oklahoma Motor Vehicle Dealer Bond

How much will my Oklahoma Motor Vehicle Dealer Bond Cost?

The pricing of an Oklahoma Motor Vehicle Dealer Bond is dependent on the applicant’s personal credit history and other qualifications. The Oklahoma Division of Motor Vehicles requires a surety bond to be issued at a certain dollar amount (bond limit or penalty). However, the applicant only is required to pay a small percentage of the full amount as a bond premium. That percentage is determined by the applicant’s personal credit history, time in business, experience, etc. Typically you pay anywhere from 0.5% to 10% of the full bond amount. Bond amounts are shown below: 

  • $25,000 – Wholesale Motor Vehicle Dealer’s Bond
  • $25,000 – Used Motor Vehicle Dealer Bond

Bonding Solutions has served an abundance of clients and agents for over 20 years. Our brand new proprietary programs allow our clients to receive industry-low rates regardless of your credit. Contact us today. 


Why is this Oklahoma Auto Dealer Bond Required?

The Division of Motor Vehicles in the state of Oklahoma requires the (principal) motor vehicle dealer to post a surety bond before they conduct any business in the state. This bond is required to be posted in order to protect any consumer from illegal business or fraudulent activity. This specific auto dealer bond ensures the public that the operating vehicle dealer is conducting business according to Oklahoma Motor Vehicle Dealer Laws and State Statutes.

How do I get started?

Bonding Solutions makes getting your surety bond an easy process. Begin by taking our two-minute online application or call one of our surety experts. After we receive the correct required information, one of our experts will send over pricing and terms. Next, once you pay for the bond, we will email a copy and send you your bond the same day.

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Additional Resources

Wholesale Auto Dealer’s License Application

Oklahoma Used Motor Vehicle FAQs

Used Motor Vehicle Dealer’s License Application

Surety Bond List

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(877) 841-6745