Oklahoma Auto Dealer Bond

1. Apply for Your Oklahoma Motor Vehicle Dealer Bond

It only takes a couple of minutes to complete the online application and learn about the premium rate available to you. Our trusted surety company has more than a decade of experience serving Oklahoma’s bond needs, and we can assist you with our easy process.

To complete the used motor vehicle dealer license for his new business in Enid, Robert needed to set up a bond. He took advantage of our online application to get an instant quote. Soon after he paid the premium online, we emailed Robert his new motor vehicle bond.

2. Review Your Quote

More than 99% of our applicants get the bond they need, and they never wait long for a quote. In fact, most of our bond applicants in Oklahoma get an instant quote after submitting the application online. For complex applications, a quote is provided within 48 hours.

3. Pay the Premium Online

To pay your premium and finalize your purchase, make your payment online. We process and email bonds to our customers quickly. A mailed copy of your bond is also available.

Our bond experts are available to help you navigate through our straightforward process. For answers to your questions or assistance with the bonding steps, please contact us or call us at (877) 514-5146.

In Oklahoma, new vehicle dealerships are subject to licensing requirements under the authority of the Oklahoma New Motor Vehicles Commission. The state does not have new motor vehicle dealer bond requirements, but it may require up to a $10,000 in-transit surety bond under Administrative Code Title 465.

The Oklahoma Used Motor Vehicle, Dismantler and Manufactured Housing Commission oversees licensing and bond requirements for various categories. Used motor vehicle dealers, wholesale motor vehicle dealers and used motor vehicle crushers need a $25,000 bond, used motor vehicle rebuilders require a $15,000 bond, and used motor vehicle auctions must have a $50,000 bond. 

The bonds run continuously. The surety must provide written notice to the principal and the state authority at least 30 days prior to the cancellation date.

Because Oklahoma motor vehicle dealer bonds are continuous, they remain active until canceled. The surety company will cancel the bond if the premium is not paid annually, and this can result in the suspension of your dealer license.

To help you maintain your bond, we will contact you when each renewal payment is due with payment instructions. Renewal payments can be made online for your convenience.

In the event someone files a claim against your business, the claimant must make the claim to your surety company. Through an extensive investigation, the surety company will determine if the claim is valid. Unvalidated claims will be denied. 

If a claim is verified, the surety company will pay the claimant. The compensation available to the claimant is capped at the bond’s penal sum. The principal must then reimburse the surety for the full amount of the claim.

The Oklahoma Used Motor Vehicle, Dismantler and Manufactured Housing Commission is responsible for the required motor vehicle dealer licenses in the state. You can also learn more about motor vehicle licensing through our Oklahoma dealer license guide. Requirements to obtain a used motor vehicle license include: 

• Application
• Surety bond
• Financial Statement
• Certificate of Insurance

For more information about the used motor vehicle license and other required licenses,   contact:

Oklahoma Used Motor Vehicle, Dismantler and Manufactured Housing Commission
421 NW 13th Street, Suite 330
Oklahoma City, OK 73103
Phone: (405) 521-3600