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Oregon Motor Vehicle Dealers or Rebuilders Surety Bond

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If you are a vehicle dealer or rebuilder in Oregon, you need to have a motor vehicle dealer surety bond for your license. The Oregon Department of Transportation, Driver and Motor Vehicle Services (DMV) requires new or franchise vehicle dealer, used vehicle dealer (also known as an auto dealer or car dealer, recreational vehicle dealer, motorcycle dealer, moped dealer, snowmobile dealer, or All Terrain Vehicle Dealer (ATV) or vehicle rebuilder to apply for a license before offering any business services.

Surety Bond and License Requirements:

  1. Applicants are required to pass an eight-hour Dealer Education Course and an original certificate will be issued upon completion to submit to the state (or provide the exemption certificate).
  2. The application requirements include: completion of the application, obtain zoning approval for business location, a liability insurance certificate, obtain a surety bond and pay the license fee.
  3. The completed application, surety bond and fees need to be mailed or delivered to the DMV Business Licensing Unit, 1905 Lana Ave NE, Salem, OR 97314
  4. Licenses and surety bonds must be renewed every 3 years.
  5. Surety Bond requirements for the following dealer types:
  • $50,000 surety bond for dealers of new or franchise vehicles, used vehicles, recreational vehicles, or vehicle rebuilders.
  • $10,000 surety bond or motorcycle, moped, snowmobile, ATV dealers.
  • Applicants will need to sign the original surety bond before submitting to the state.

    • How Much Will This Bond Cost?

    The premium that you pay for an Oregon Motorcycle Dealer or Vehicle Rebuilder Surety Bond is dependent on credit and length of years working in auto sales. Contact our Surety Bond Specialists for a free quote that fits your specific situation.

    Related Links:

    Oregon Application Instructions

    More Surety Bond Questions?

    Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.

    DownloadApplication

    For a downloadable application