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Wisconsin Motor Vehicle Dealer Bond

Wisconsin Motor Vehicle Dealer Bond

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Who Requires the Motor Vehicle Dealer Bond and Why Is It Needed?

Salesman. Motor Vehicle Dealer Bond for auto dealers or others who buy, sell, auction, or repair cars or other motor vehicles.

The Wisconsin Department of Transportation requires various business classes in the motor vehicle industry to post surety bonds in order to legally operate in the state. The following dealer types must post surety bonds. 

  • Motor vehicle dealers
  • Motor vehicle salvage dealers
  • Motor vehicle wholesalers
  • Recreational vehicle dealers
  • Motor vehicle auction dealers
  • Moped dealers

The bond amounts vary so applicants should confirm their specific requirement with the Department before requesting a quote from Surety Bonds Direct.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Wisconsin Motor Vehicle Dealer Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The corporate surety bond protects those who sustain monetary damages due to the bonded principal’s unlawful business practices or noncompliance with the rules and regulations set out by the Department. Specifically, the bond is given to satisfy the provisions and conditions of Chapter 218 Wisconsin Statutes, and the rules adopted thereunder, including the particular applicable sections of the Wisconsin Statutes, as follows:

  • s.218.0114(5)(a) Wis. Stats., in the case of a bond filed by a motor vehicle dealer;
  • s.218.0114(5)(c) Wis. Stats., in the case of a bond filed by a motor vehicle wholesaler;
  • s.218.0114(20)(b) Wis. Stats., in the case of a motor vehicle dealer when a bond is required by the Department;
  • s.218.21(1m) and (4) Wis. Stats., in the case of a bond filed in lieu of a financial statement by a motor vehicle salvage dealer;
  • s.218.11(3) Wis. Stats., in the case of a recreational vehicle dealer, when a bond is required by the Department;
  • s.218.21(6) Wis. Stats., in the case of a motor vehicle salvage dealer, when a bond is required by the Department;
  • s.218.33(1) Wis. Stats., in the case of a bond filed by a motor vehicle auction dealer; or
  • s.218.41(2)(c) Wis. Stats., in the case of a moped dealer, when a bond is required by the Department.

The aggregate liability under this bond shall not exceed the bond amount during the term for which it is issued.  The bond may be canceled by the surety company at any time by providing 60 days advance written notice to the Wisconsin Department of Transportation. 




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