Any person who sells, negotiates, or arranges the sale of a motor vehicle or powersports vehicle at a licensed dealership in Colorado. Required when: Required as a prerequisite for the issuance of a Motor Vehicle Salesperson license. Exemptions: A motor vehicle salesperson is not required to furnish an additional bond…
Overview
What it is.
Any person who sells, negotiates, or arranges the sale of a motor vehicle or powersports vehicle at a licensed dealership in Colorado. Required when: Required as a prerequisite for the issuance of a Motor Vehicle Salesperson license. Exemptions: A motor vehicle salesperson is not required to furnish an additional bond…
Who usually needs it
Any person who sells, negotiates, or arranges the sale of a motor vehicle or powersports vehicle at a licensed dealership in Colorado.
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.
StateCOBond amount$15,000Term lengthAnnualObligeeColorado Department of Revenue, Auto Industry DivisionRenewalThe bond must be renewed annually at the same time the license is renewed. Renewal may be completed through a continuation certificate issued by the surety company.Bond classLicense BondCategoryMotor VehicleBondMotor vehicle salesperson's bondStatutory referenceC.R.S. § 44-20-113JurisdictionState
