Wyoming Auto Dealer Bond

1. Apply for Your Bond

We make it easy to buy a Wyoming vehicle dealer bond. Take a few minutes to complete our online application to begin the process. We’ve provided bonds to more than 99% of applicants with our fast, streamlined process.

Brian recently contacted us to buy a bond for his auto dealership license application. With a credit score below 600, he was unsure if he qualified for the necessary bond. Brian applied online and immediately got a quote. After paying the bond premium online, he received the bond via email. 

2. Get a Quote

Our surety bond company always provides quick quotes to applicants. In fact, most of our customers benefit from an immediate quote after submitting the application online. For more complex situations, we’ll provide a quote within 48 hours. 

We work with numerous bond programs. This allows us to provide applicants with competitive bond premiums.

3. Purchase Your Bond

The last step is to pay your vehicle dealer bond’s premium. We provide our customers with a convenient online payment option. After paying the premium payment online, we’ll send the bond to you by email. We can also send your bond via mail upon request. 

With your new vehicle dealer bond in hand, you can finalize your license application. Simply submit your bond to the state with the other required licensing documentation. 

If you have any questions or encounter any difficulties, our surety bonds experts are here to help you – contact us or call us at (877) 514-5146.

New and used auto dealerships in Wyoming are required to have a $25,000 surety bond. An authorized surety bond company in Wyoming must issue the bond. 

A dealer license is necessary for those who sell three or more vehicles in a 12-month period. New applicants do not need to buy the bond until after the license is approved. The bond is required for the life of the license. Proof of an active bond is necessary when renewing a dealer license.

Vehicle dealer bonds in Wyoming are valid for one year. They cannot be canceled during this time period unless a new bond for the same time period is provided to the Wyoming Department of Transportation. 

The obligee for the bond form is the Wyoming Department of Transportation. The form must be signed by the principals and the surety bond company’s attorney-in-fact, and it must be notarized. After submitting the bond form, it will be signed by the Assistant Attorney General.

The motor vehicle dealer bond in Wyoming remains active until the expiration date listed on the bond. The expiration date is one year from the effective date. The bond cannot be canceled during its term, but it can be replaced with another bond.

To avoid a license suspension, the bond renewal must be received by the Department of Transportation prior to the expiration date. We will be in touch with you to renew the bond before the expiration date. At that time, we’ll provide you with an updated premium rate.

The claimant will file the claim directly with the surety bond company. The surety company then conducts a thorough investigation of the claim against the dealer to determine its validity. If the claim is not validated, the surety company denies the claim.

If the claim is deemed to be valid, the surety bond company pays the claimant up to the bond’s penal sum. After the claimant is paid, the Wyoming dealer is responsible for reimbursing the surety bond company in full.

The Wyoming Department of Transportation is responsible for new and used vehicle dealer licensing. Documents needed when applying for a Wyoming dealer license are:

• Dealer License Application Form

• $25,000 Surety Bond
• Background Check Questionnaire
• Two blue fingerprint cards and a $39 fee for the background check
• Business entity formation documents, if applicable
• Federal Employer Identification Number
• Photos of your business location
• A zoning affidavit
• Business property lease agreement 
• Franchise agreement, if applicable
• Sales tax license

Mail the vehicle dealer licensing documents to:

Wyoming Department of Transportation
5300 Bishop Boulevard
Cheyenne, WY 82009