This bond is required for anyone who wants to sell cars, motorcycles, or other motor vehicles in Ohio. It protects customers and the state if a dealer breaks the law or acts dishonestly—like failing to transfer a title properly, misrepresenting a vehicle, or not paying required fees. If a dealer causes financial harm,…
Overview
What it is.
This bond is required for anyone who wants to sell cars, motorcycles, or other motor vehicles in Ohio. It protects customers and the state if a dealer breaks the law or acts dishonestly—like failing to transfer a title properly, misrepresenting a vehicle, or not paying required fees. If a dealer causes financial harm,…
Who usually needs it
Used motor vehicle dealers in Ohio who sell or deal in 5 or more motor vehicles in a 12-month period, either directly or indirectly, are required to obtain this bond. The bond must be maintained for the entire duration of the dealer's license and serves to compensate retail purchasers for damages if the dealer fails to comply with dealer licensing laws.
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.
StateOHBond amountVaries by license type or projectObligeeState of OhioBond classLicense BondCategoryMotor VehicleBondOhio Motor Vehicle Dealer BondJurisdictionStatePlain descriptionThis bond is required for anyone who wants to sell cars, motorcycles, or other motor vehicles in Ohio. It protects customers and the state if a dealer breaks the law or acts dishonestly—like failing to transfer a title …Who needs this bondUsed motor vehicle dealers in Ohio who sell or deal in 5 or more motor vehicles in a 12-month period, either directly or indirectly, are required to obtain this bond. The bond must be maintained for the entire duration …
