Special Event Motor Vehicle Auctions in Missouri Need a Surety Bond

Missouri's Department of Revenue issues Special Event Motor Vehicle Auction licenses. In a special event auction, at least 90% of the vehicles being auctioned must be 10 years old or older, no more than 3% of the vehicles being auctioned can be owned and titled in the name of the licensed auction or its owners, cannot last more than three consecutive days, and is held no more than three times in a calendar year by a licensee.

Licensing and Bonding

Each auction event requires a special license issued by the Department of Revenue. The application process includes:

• Complete and sign the Special Event Motor Vehicle Auction Application
• Pay a $1,000 application fee
• The auction must be registered to conduct business in the state
• The auction must obtain a sales tax license or special event sales tax license, if required
• The auction may not receive dealer, driveway, auction or wholesale plates or temporary permits
• The auctioneer must submit a report of every vehicle included in the auction within 10 days the event concludes
• The auction must provide purchasers the current contact information of the auction or licensee
• The auctioneer must provide a $100,000 surety bond or irrevocable letter of credit. This guarantees compliance with the provisions of the statutes applicable to a special event license holder, and protects the state and the auctioneer's clients

Did You Know?

Applications for a special event motor vehicle auction must be received by the Department as least 90 days prior to the beginning of the event.

What Will This Bond Cost?

The premium you pay for a Missouri Special Event Motor Vehicle Auction Surety Bond is 1% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.

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