Wisconsin Motor Vehicle Dealer Bond
Wisconsin Motor Vehicle Dealer Bond
We write Motor Vehicle Dealer Bonds in Wisconsin.
Our GOOD CREDIT price starts at $100!
Click for a No Obligation Quote
In Wisconsin, motor vehicle dealer licenses are required for individuals and businesses that sell or deal in more than five motor vehicles in a calendar year. These licenses are issued and regulated by the Wisconsin Department of Transportation (WisDOT), specifically through its Division of Motor Vehicles (DMV). The purpose of these licenses is to ensure that motor vehicle dealers operate in compliance with state laws and regulations, protecting consumers in the process. Required bond amounts are determined by the license type you are applying for:
$50,000 Motor Vehicle Dealer and Retail Dealer
$25,000 Motor Vehicle Salvage Dealer, Motor Vehicle Wholesaler, Motor Vehicle Auction Dealer, Recreational Vehicle Dealer
$5,000 Moped Dealer, Motorcycle Dealer
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your individual qualifications.
Additional information about this bond requirement is as follows:
Obligee - Wisconsin Department of Transportation
Bond Amount - $5,000, $25,000, or $50,000
Bond Premium - Starts at $100
Renewal Document - None
Completing our application allows the underwriters at BondAbility to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond with your personalized quote within the hour!