Ohio Motor Vehicle Dealer Surety Bond

Ohio Used Dealer Bond: Pricing & Terms

Ohio Used Motor Vehicle Dealer surety bond pricing and requirements. $25,000 now—$75,000 starting April 1, 2026. Get a fast quote from BondAbility.

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Important Ohio Dealer Bond Update (Effective April 1, 2026) Ohio’s required surety bond for used motor vehicle dealers is increasing from $25,000 to $75,000 effective April 1, 2026. Source

Why Do I Need an Ohio Used Motor Vehicle Dealer Bond?

Ohio requires this bond as part of the licensing process for used motor vehicle dealers. In simple terms, it helps ensure dealers operate responsibly and provides financial protection tied to consumer-related obligations associated with dealer licensing.

Fast & Simple Bond Solutions – Credit-Based Pricing

  • Fast Quotes & Competitive Pricing: Starting prices shown on this page begin at $195 for the $25,000 bond and $585 for the $75,000 bond. Premiums vary based on underwriting and the bond effective date.
  • Easy Online Application: Complete a simple, one-page application online and we’ll turn around a personalized quote quickly—no long waits.
  • Flexible Credit Options: We work with multiple sureties, so we can often help even if your credit isn’t perfect.
  • Fast Email Delivery: Receive your bond via email for quick filing with the Ohio BMV.

Bond Pricing

Bond Amount Term Price Credit Check Required
$25,000 Current requirement (prior to April 1, 2026) $195 (starting) Yes
$75,000 Effective starting April 1, 2026 $585 (starting) Yes

Premiums are estimates and subject to underwriting review. Final premium may vary based on credit, business/profile factors, and the bond effective date.

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I am an ...

Most Obligee's require that the name on the Bond EXACTLY match your license or license application.
Type of Entity
Has the business or any of the owners been involved in:

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By submitting this Application, the owners listed above hereby authorize BondAbility, (including any of its representatives affiliates, agents or designees) to conduct any and all investigative inquiries including but not limited to obtaining consumer credit reports. Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false, incomplete, or misleading information, or conceals information concerning any material fact whereto, commits a fraudulent insurance act, which is a crime punishable by incarceration, and shall also be subject to civil penalties

How To Get Licensed As an Ohio Used Motor Vehicle Dealer

Licensing steps can vary, but most used dealer applicants will follow a straightforward path:

  1. Confirm your license type (Used Motor Vehicle Dealer).
  2. Set up/verify your business and ensure your business name is consistent across filings.
  3. Purchase the surety bond for the correct amount and effective date.
  4. Submit your application package per Ohio BMV dealer licensing instructions.
  5. Maintain bond coverage to keep your license active.

Bond Details at a Glance

Bond Type: Ohio Used Motor Vehicle Dealer Surety Bond

Bond Amount: $25,000 (current) • $75,000 effective April 1, 2026

Obligee:
State of Ohio, Bureau of Motor Vehicles
PO Box 16520
Columbus OH 43216-6520  (Source)

Credit Check Required: Yes (starting prices shown for 675+ personal credit)

Frequently Asked Questions

Do all motor vehicle dealers in Ohio need this bond?

Not necessarily. This bond requirement applies to Ohio Used Motor Vehicle Dealers. Other Ohio dealer license types may have different financial responsibility requirements and do not automatically fall under this specific bond requirement. If you’re unsure which dealer license you hold, confirm your license type with the Ohio BMV. (Source)

What happens on April 1, 2026?

The required bond amount increases from $25,000 to $75,000 effective April 1, 2026. If you’re renewing around that date, your required bond amount may depend on your renewal timing and the bond effective date. (Source)

Is this bond the same as insurance?

No. A surety bond is a three-party guarantee (dealer/principal, surety, and the obligee). If a valid claim is paid, the surety can seek reimbursement from the principal under the indemnity agreement.

Does my business name need to match exactly on the bond?

Yes—your bond should reflect the dealership’s registered business name to avoid processing delays.

Disclaimer: This page is for informational purposes only and does not constitute legal advice. Requirements can change; confirm the latest dealer licensing and bond requirements with the State of Ohio / Ohio BMV.

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