Utah Auto Dealer Bond
The Utah Vehicle Enforcement Division requires most auto dealer license classifications to purchase a surety bond as one of the requirements to have a license issued.
This video will explain the auto dealer bond requirement and help you get pricing for your Utah auto dealer bond.
Use the timestamps to jump around if you need to.
- 00:19 - Video agenda
- 00:44 - Utah vehicle dealer license classifications
- 01:17 - What is an auto dealer surety bond?
- 01:50 - What does an auto dealer surety bond protect against?
- 02:23 - Examples of vehicle dealer fraud
- 02:57 - What is the bond amount?
- 03:10 - What are the actual Utah dealer bond amounts?
- 03:47 - How is your surety bond price determined?
- 04:40 - Here's how to get the lowest possible rate for your bond
- 04:53 - Step 1 is to go request a price quote
- 05:32 - Example bond prices based on different rates
- 05:53 - Step 2 is to purchase your bond when you're ready
- 06:05 - Step 3 is to get your bond issued
- 06:35 - How to keep your dealer bond active year to year
- 07:30 - Vehicle dealer bond process recap
- 08:11 - Go get your bonds price so you know what to do next
Many of our vehicle dealer customers get licensed in neighboring states. If you might get licensed in a neighboring state, here's the information you need:
Your dealership application requires a surety bond called an auto dealer bond. Learn what this bond is and how to buy it for as little as possible!
Watch our video explaining the California auto dealer bonding requirements. You'll learn what the bond is, why you need it and how to get yours for less.
Learn the auto dealer bond requirements in Arizona. You'll learn your bond amount and how much it will cost for you. Then you can get this process done.
What is the Colorado Auto Dealer Bond?
Colorado requires all auto dealers to purchase a surety bond. Here's what this bond is and how to purchase it for less.
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