AmeriPro Surety Bond provides an Oregon auto dealer bond for both newly licensed applicants and those who are renewing an existing license.
We provide some information below for those who may wish or need to obtain an auto dealer license.
Businesses or individuals who sell 5 or more vehicles within a calendar year are legally obligated to register as an Oregon auto dealer.
Failure to do so may subject the violator of fines up to $5,000 per vehicle sold, and a misdemeanor conviction.
Involved in becoming a licensed Oregon auto dealer are the following:
The Oregon auto dealer bond, again, is required of auto dealers who sell 5 or more vehicles in the state.
The bond will be in one of two amounts according to Oregon law :
Regardless of the amount chosen, the purpose of the Oregon auto dealer bond is to protect the consumer from violations of the law, including, fraud, theft or criminal malfeasance in the performance of their duties as an auto dealership.
The premium for the lower of the two surety bonds is purchased for a period of 3 years.
Therefore, the premium for the $10,000 surety bond may be as low as a payment of $300; $100 for each year.
The $50,000 Oregon auto dealer bond may have a premium as low as $750.00
The $50,000 surety bond renews on an annual basis, concurrent with dealer licensing.
Applicants will pay a premium amount subject to a soft pull credit check.
And, AmeriPro Surety Bonds will work on your behalf to find the best surety bond pricing.
AmeriPro Surety Bonds offers thanks you for your consideration of our agency for your surety bond needs.
You will not regret the service we provide; we will work diligently for your interests.
AmeriPro Surety Bonds is a surety bond-only agency which provides license and permit, contractor, and court bonds throughout Oregon.
We also provide surety bonds in all 50 states and we welcome the opportunity to gain your business.