Bond of Motor Vehicle Dealer, Special Equipment Dealer, Crusher or Body Shop
Any person or entity applying for a license as a motor vehicle dealer, special equipment dealer, crusher, or body shop in the state of Utah. Required when: Required as a condition of obtaining and maintaining a motor vehicle business license. Exemptions: A bond is not required for a new motor vehicle dealer or used mo…
Overview
What it is.
Any person or entity applying for a license as a motor vehicle dealer, special equipment dealer, crusher, or body shop in the state of Utah. Required when: Required as a condition of obtaining and maintaining a motor vehicle business license. Exemptions: A bond is not required for a new motor vehicle dealer or used mo…
Who usually needs it
Any person or entity applying for a license as a motor vehicle dealer, special equipment dealer, crusher, or body shop in the state of Utah.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateUTBond amount$75,000Term lengthContinuousObligeeUtah State Tax Commission, Motor Vehicle Enforcement DivisionRenewalThe bond remains in effect continuously as long as the licensee is in business, but the underlying license must be renewed annually with the Motor Vehicle Enforcement Division.Bond classLicense BondCategoryMotor VehicleBondBond of Motor Vehicle Dealer, Special Equipment Dealer, Crusher or Body ShopStatutory referenceUtah Code Section 41-3-205JurisdictionState
