How Much Does a Vehicle Dealer Surety Bond Cost in West Virginia?
$25,000 Bond
Expires 6/30
$25,000 Bond
Expires 12/31
$25,000 Bond
Expires 6/30
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What Does a Vehicle Dealer Surety Bond Protect Against?
The purpose of the bond is to protect against fraud or fraudulent representation on the part of the bonded dealer when such actions result in a financial loss to State of West Virginia, a purchaser, seller, financial institution or agency. The surety bond may be cancelled with the West Virginia DMV through thirty days written notice via certified mail from the surety company.
Getting Your West Virginia Business License or Registration
The following is an overview of the key used auto dealer licensing requirements in West Virginia
- Completed application
- $25,000 surety bond. A bond is not required for repo-financial institution, mfg-manufacturer and trs-transporter.
- Personal property tax receipt
- Pictures of dealership as required
- A valid business license in the state of West Virginia
- Dealer liability insurance as required
- Garage agreement if required
- Franchise agreement if required
Additional items may be needed and exact requirements may vary based on applicant, license type, or DMV's discretion. Please see the West Virginia Dealer Licensing Information section on the WV DMV site.