Missouri Motor Vehicle Dealer Bond
AmeriPro Surety Bonds | 844-589-9732
Auto Dealers – Missouri
Missouri auto dealers are licensed and regulated by the Missouri Department of Revenue, Motor Vehicle Bureau division.
The surety bond requirement of motor vehicle dealers encompasses more than just new or used car dealers.
Also included are the following dealerships:
- Boat dealers;
- Used MV, powersports dealers;
- Franchise motor vehicle dealers;
- Recreational motor vehicle dealers;
- Trailer dealers;
- Wholesale MV dealers.
Missouri Motor Vehicle Dealer Bond: Amount Required and the Cost
The Missouri motor vehicle dealer bond was formerly a $25,000 surety bond. Today, it is a $50,000 surety bond required of all categories of dealers.
As a candidate for this surety bond, you will complete a standard surety bond application and be subject to a credit check inquiry. Our agency — and all surety agencies, in fact — utilizes a ‘soft inquiry’ which will not adversely affect your overall credit.
A well qualified applicant may pay somewhere between 1-2% of the bond’s amount; however, the amount that you will pay will be determined by your credit and the information supplied in your application.
Additionally, the duration of the bond (this motor vehicle bond will usually expire on December 31st of the year in which it is issued) may sometimes affect pricing as well. In this case, a premium may be prorated to reflect the time in which the bond is purchased.
Our agency works to find you the best overall surety bond pricing.
The Purpose of this Bond:
The Missouri motor vehicle dealer bond (also referred to as a Missouri auto dealer bond) is a financial guarantee which ensures your compliance with all laws and regulations as they relate to auto dealing (this includes the dealer categories provided above).
The surety bond is a financial guarantee which protects consumers from acts of fraud or malfeasance on the part of a licensed dealer, any employees, agents, or managers who work under your license.
As principal of this surety bond, you must indemnify the surety for any claims paid against your bond if such were the case.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary surety bonds throughout Missouri.
Our agency also provides you with surety bonds on a nationwide level.
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