If you are a Used Motor Vehicle Dealer in Oklahoma, you need a Used Motor Vehicle Dealer Surety Bond. Licenses are required for the following: used motor vehicle salesperson, used motor vehicle dealer (also known as a car dealer or auto dealer), wholesale dealer, rebuilder, auction, crusher, manufactured home dealer, manufactured home manufacturer.
Dealer applicants must complete the application, pay the licensing fee and obtain a surety bond.
The application process includes: providing financial statements, $25,000 Garage Liability Insurance, photo's of the inside and outside of the business location including signage, lot and office, proof of zoning approval, attend the required education program and obtain a surety bond.
The surety bond requirement is as follows:
License and bonds renew every two years.
Premium for an Oklahoma Used Motor Vehicle Dealer bond is dependent on credit, the type of bond needed and experience in the motor vehicle dealer industry.
We have been underwriting surety bonds for over 35 years, and we offer bonds for individuals and businesses of every size.
Our team of experienced surety specialists and in-house underwriting authority gives us a unique advantage over other surety companies. We are able to offer competitive, low rates, quick approvals and immediate bond delivery. In most cases we can approve your application today and deliver your bond tomorrow.
Hours: 8:00-5:00 CST, Monday through Friday