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:
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.
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:
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.
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.
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.Get Started