(844) 589-9732

Wyoming Motor Vehicle Dealer Bond

February 11, 2020

The $25,000 Wyoming motor vehicle dealer bond will have a premium for qualified applicants of $375 annually.  Please call AmeriPro Surety Bonds: 844-589-9732.

Wyoming Motor Vehicle Dealer Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Wyoming Vehicle Dealership Licensing

 

 

 

New and used Wyoming auto dealership are licensed by the state’s Department of Transportation.

Existing and renewal licensees must show evidence of a $25,000 surety bond; first time licensees should wait to get the approval for your business before obtaining a surety bond.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the $25,000 Wyoming motor vehicle dealer bond includes completing an application, which we’ll take from you over the phone, and undergoing a credit check.

Our agency offers a premium of $375 annually for Wyoming applicants who have a good credit profiel.

As part of the application process, we’ll ask you the following:

  • Whether or not your business has any judgments or lawsuits against them;
  • Whether or not you have had a bond canceled or denied; and whether you have ever filed bankruptcy;
  • Whether or not you have any unsatisfied collection items or liens.

The review by an underwriter includes a credit check inquiry. The inquiry is a “soft pull” which will have no impact on your score.

Upon approval of your surety bond and payment of the premium, our agency issues your bond to you immediately. We’ll follow the instructions as outlined by the Department so that there will be no issues in getting your bond filed.

Upon receipt of your surety bond and Power of Attorney form, you’ll sign as required, and then file your oroginal bond to:

Wyoming Department of Transportation

Motor Vehicle Services

5300 Bishop Blvd.

Cheyenee, WY 82009-3340

 

 

 

Surety Bond Term

 

 

 

The bond is active for one year from the date of issuance. Your bond (and another payment of your premium) will renew on an annual basis.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

Your Wyoming auto dealer bond is required in compliance with Wyoming Statute 31-16-103, as amended, and is a financial guarantee of your compliance with all laws and statutes involved in operating an auto dealership.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and probate surety bonds in Wyoming and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out our Contact form and a Surety Agent will call you.

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