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, and 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, photos 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.
The premium that you pay 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.
Contact our Surety Bond Specialists at:
Hours: 8:00-5:00 CST, Monday through Friday