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Wyoming Motor Vehicle Dealer Bond

Wyoming Motor Vehicle Dealer Bond

www.suretybondsdirect.com/surety-bond/motor-vehicle-dealer-bond/wy

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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.

A Vehicle Dealer Bond is required by the Wyoming Department of Transportation Motor Vehicle Services for those making application for a license to operate as vehicle dealers in the state. The surety bond must be in the amount of $25,000 and the purpose is to guarantee the bonded principal's return of the issued dealer license, full use and demo license plates and temporary permits issued. The surety bond also protects anyone who may suffer financially as a result of the principal's fraud, fraudulent misrepresentations or violation of any federal or state law, rule or regulation pertaining to business conduct.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Wyoming 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 surety bond is for Wyoming motor vehicle dealers as defined by W.S. 31-16-101 (a) (xviii) and pursuant to W.S. 31-16-103. The bond is required by the Wyoming Department of Transportation for a license to operate as a vehicle dealer for the purpose of guaranteeing the applicant does not practice any fraud, fraudulent misrepresentations or violate any federal or state law, rules or regulations relating to the conduct of the business. Additionally, the bond ensures that the principal return the dealer license, full use and demo license plates and temporary permits issued.




List of Wyoming surety bonds.

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