Oregon Motor Vehicle Dealer Bond | #1 Surety Agency For MVD Bonds

Oregon Motor Vehicle Dealer Bond

Business licensing requirements in Oregon require motor vehicle dealers to obtain a surety bond to operate in the state legally.

 

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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
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What is an Oregon Motor Vehicle Dealer Bond?

Auto dealer bonds are mandatory in most states in the country. Motor vehicle dealers in Oregon must acquire a bond before conducting any business. This surety bond acts as a contract between the operating vehicle dealer, the surety, and the state of Oregon. This ensures any buyer that they will be protected in the event of fraud or illegal dealer activity. The surety bond also enforces that the said vehicle dealer must abide by the state’s rules and regulations.

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Bonding Solutions | Oregon Motor Vehicle Dealer Bond
Bonding Solutions | Oregon Motor Vehicle Dealer Bond
Bonding Solutions | Oregon Motor Vehicle Dealer Bond

How much Oregon Auto Dealer Bond Cost?

The price of a surety bond can vary depending on the applicant’s personal credit and experience. Oregon motor vehicle dealer bonds are posted at different amounts depending on the type of vehicle dealer licensed.

  • Dealers of motorcycles, mopeds, ATVs, snowmobiles: $10,000
  • All other Dealers $50,000 

The applicant is not required to pay the complete bond amount but only a percentage based on your personal credit. Applicants with excellent you could receive rates as low as 0.5%.

Regardless of your credit history, Bonding Solutions helps motor vehicle dealers receive the industry’s lowest rates on their surety bonds. Contact us today to get your free quote. 877.841.6745

Why is this Oregon Motor Vehicle Dealer Bond Required?

Posting a surety bond does two things. First, it ensures the safety of the public. If any buyer is financially harmed by an auto vehicle dealer due to fraud or illegal business operations, a claim can be made against the bond. The second assures that any operating vehicle dealer in the state of Oregon will conduct business adhering to Oregon’s licensing statutes and laws.

How do I get started?

Bonding Solutions has served clients and agents for over 20 years. We make obtaining a surety bond as simple as possible. Start by taking two minutes and filling out our online application or calling an agent. Once we receive your information, we will send you a free quote on your bond. Finally, you pay for the bond and we will email and ship it to you the same day.

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Additional Resources

Oregon Division of Motor Vehicle Dealer Information

Senate Bill 974 State of Oregon

Oregon MVD Forms

Oregon Chapter 822 Regulation of Vehicle Related Businesses

 

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Questions?

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(877) 841-6745