If you are a Vehicle Dealer or Rebuilder in Oregon, you need to have a Motor Vehicle Dealer Surety Bond for your icense. Licenses are required for a: new or franchise vehicle dealer, used vehicle dealer (also known as an auto dealer or car dealer, recreatiional vehicle dealer, motorcycle dealer, moped dealer, snowmobile dealer, or All Terrain Vehicle Dealer (ATV) or vehicle rebuilder.
Applicants are required to pass an 8 hour Dealer Education Course and an original certificate will be issued upon completion.
The application requirements include: completion of the application, obtain zoning approval for business location, a liability insurance certificate, a surety bond and payment of the license fee.
Surety Bond requirements for the following dealer types:
$40,000 bond for new or franchise vehicle dealers and used vehicle dealers, including recreational vehicles and vehicle rebuilder.
$2,000 bond for motorcycle, moped, snowmobile, ATV dealers.
Licenses and bonds must be renewed every 3 years.
Premium for an Oregon vehicle dealer bond is dependent on credit, and length of years working in auto sales.
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