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Oklahoma Used Motor Vehicle Dealers Need A License And A Bond

An Oklahoma Motor Vehicle Dealer shakes hands with a customer

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:

  • Used Motor Vehicle Dealer's bond amount: $25,000
  • Wholesale Motor Vehicle Dealer bond amount: $25,000
  • Used Motor Vehicle Rebuilder's bond amount: $15,000
  • Used Motor Vehicle Dealer Auction bond amount: $50,000
  • Used Motor Vehicle Crusher bond amount: $25,000
  • Manufactured Home Dealer bond amount: $30,000
  • Manufactured Home Manufacturer bond amount: $30,000
  • 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.

    SuretyGroup.com is here to help you with your bonding needs.

    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.

    Have Questions?

    Contact our Surety Bond Specialists at:

    Phone: 1‑844‑432‑6637
    Fax:     404-351-3237
    Hours: 8:00-5:00 CST, Monday through Friday