Any person or entity applying for a license to operate as a motor vehicle dealer, wholesaler, auction dealer, or recreational vehicle dealer in Wisconsin. Required when: Application for a new motor vehicle dealer license or renewal of an existing license. Exemptions: Manufacturers, factory branches, and their agents a…
Overview
What it is.
Any person or entity applying for a license to operate as a motor vehicle dealer, wholesaler, auction dealer, or recreational vehicle dealer in Wisconsin. Required when: Application for a new motor vehicle dealer license or renewal of an existing license. Exemptions: Manufacturers, factory branches, and their agents a…
Who usually needs it
Any person or entity applying for a license to operate as a motor vehicle dealer, wholesaler, auction dealer, or recreational vehicle dealer in Wisconsin.
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.
StateWIBond amount$50,000Term lengthContinuousObligeeWisconsin Department of TransportationRenewalThe bond remains in full force and effect continuously from year to year as long as the license is active and the annual premium is paid to the surety. The surety may terminate the bond by providing 60 days' written not…Bond classLicense BondCategoryMotor VehicleBondDealer BondStatutory referenceWis. Stat. § 218.0114(5)(a)JurisdictionState
