Indiana Wholesale Dealer Bond

Indiana wholesale dealers must post a $25,000 surety bond (Vehicle Merchandising Certificate/Bond, form SF 53966) with the Secretary of State to obtain and maintain their dealer license. The bond protects the state and customers from fraud, violations of motor vehicle laws, unpaid taxes, and other dealer misconduct. A…

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.

Who usually needs it

Wholesale motor vehicle dealers in Indiana who sell at least 120 vehicles in a 12-month period and do not sell to the general public. This includes businesses that sell vehicles exclusively to other dealers, businesses, or at auction.

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.

Start the application
Confirm the bond and provide applicant and business details.
Review the quote
See the terms and premium before deciding to continue.
Pay and sign
Complete the required payment and signatures.
Receive the bond
Get the issued bond and filing or delivery instructions.

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Frequently asked

Common questions.

Who needs the Indiana Wholesale Dealer Bond?

Wholesale motor vehicle dealers in Indiana who sell at least 120 vehicles in a 12-month period and do not sell to the general public need this bond. It's required for dealers who sell exclusively to other dealers, businesses, or at auction.

What is the bond amount for an Indiana wholesale dealer license?

The bond amount for an Indiana wholesale dealer is $25,000. This is filed using form SF 53966 (Vehicle Merchandising Certificate/Bond) with the Indiana Secretary of State Auto Dealer Services Division.

What does the Indiana Wholesale Dealer Bond protect against?

The bond protects the state, customers, and the public from fraud, violations of motor vehicle dealer laws, unpaid taxes, fines, penalties, and any misconduct by the wholesale dealer. Claims can be filed by consumers or the state for violations of Indiana Code 9-32-11-2 and related statutes.

Next step

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Indiana Wholesale Dealer Bond

Who usually needs it

Generic pricing

Typical timeframe

Start the application

Review the quote

Pay and sign

Receive the bond

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