The Wisconsin motor vehicle dealer bond ranges between $5,000 to $50,000 depending on vehicle specialty. Please call AmeriPro Surety Bonds now at 844-589-9732.
Auto dealers in Wisconsin are licensed and regulated by the state’s Department of Transportation.
Besides licensing through the Department, a surety bond is required in an amount to determined by the particular type of dealer licensing held.
Our agency offers surety bonding required for all licensing categories.
The breakdown for surety bond amounts required of Wisconsin auto dealers is as follows:
For all of the surety bond categories, qualification for the Wisconsin motor vehicle dealer bond is accomplished by the completion of a standard surety bond application along with a personal or business credit check.
Our agency can only offer those applicants a surety bond who have good credit, so we are able to tell you what your premium will be:
The motor vehicle dealer bond for Wisconsin is typically issued for one year. In some instances, our agency may be able to offer you prepayment of the bond for 2 or 3 years. Doing so allows you to save over year to year renewal of the bond premium.
While the surety bond is required of your dealership or wholesale or vehicle auction activities, the purpose of the bond is for the protection of consumers.
As stated on the wording of the bond, its purpose is to protect the “State of Wisconsin for the benefit of any aggrieved person”. The protections afforded the state include wrongful acts committed by an employees, agents, or managers of a licensed vehicle dealership entity.
AmeriPro Surety Bonds is a surety bonds-only agency which provides surety bonds throughout Wisconsin. Such bonds include license and permit, court, and fiduciary bonds. We also provide bonds nationwide.
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