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Indiana Vehicle Merchandising / Motor Vehicle Dealer Bond

This $25,000 bond is required for anyone applying for a motor vehicle dealer license in Indiana. The bond protects the state and consumers by ensuring dealers pay any fines, penalties, costs, and fees assessed by the Secretary of State and comply with Indiana dealer licensing laws. If a dealer violates state regulatio…

Bond amount$25,000
State or jurisdictionIndiana
ObligeeIndiana Secretary of State, Auto Dealer Services Division

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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Overview

What it is.

This $25,000 bond is required for anyone applying for a motor vehicle dealer license in Indiana. The bond protects the state and consumers by ensuring dealers pay any fines, penalties, costs, and fees assessed by the Secretary of State and comply with Indiana dealer licensing laws. If a dealer violates state regulatio…

Who usually needs it

Auto dealers, vehicle merchandisers, and any person or business dealing in 12 or more motor vehicles or 3 or more manufactured homes annually in Indiana. This includes new and used vehicle dealers, auto auctions, manufacturers, distributors, and other auto professionals.

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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Frequently asked

Common questions.

What does the Indiana Motor Vehicle Dealer Bond cover?

The bond secures payment of fines, penalties, costs, and fees assessed by the Indiana Secretary of State. It ensures dealers comply with Indiana Code 9-32 dealer licensing laws. If a dealer violates state regulations or fails to pay required fines or fees, the Secretary of State or injured parties can file a claim against the bond to recover damages.

What happens if my Indiana dealer bond lapses or is canceled?

If your bond lapses, expires, or is canceled, your dealer license will be suspended immediately. Coverage must remain continuous throughout the license period. If your bond is canceled by the surety company, you must submit a new bond to the Indiana Secretary of State right away to avoid license suspension and maintain your ability to operate legally as a dealer in Indiana.

Who needs an Indiana Vehicle Merchandising / Motor Vehicle Dealer Bond?

Anyone applying for a motor vehicle dealer license in Indiana needs this $25,000 bond. This includes dealers handling 12 or more motor vehicles or 3 or more manufactured homes annually, covering new and used vehicle dealers, auto auctions, manufacturers, distributors, and vehicle merchandisers. The bond must be filed with the Indiana Secretary of State, Auto Dealer Services Division, along with your license application using State Form 53966.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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