Individuals or businesses selling 5 or more motor vehicles within any 12-month period in South Dakota must obtain this bond to qualify for a dealer license. This applies to motor vehicle dealers (new/used), used vehicle dealers, mobile/manufactured home dealers, motorcycle dealers, snowmobile dealers, trailer dealers, boat dealers, and emergency vehicle dea…
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.
StateSDBond amountVaries by license type or projectObligeeState of South DakotaBond classLicense BondCategoryOtherBondSouth Dakota Motor Vehicle Dealer BondPlain descriptionMotor Vehicle Dealers - Used Vehicles OnlyWho needs this bondIndividuals or businesses selling 5 or more motor vehicles within any 12-month period in South Dakota must obtain this bond to qualify for a dealer license. This applies to motor vehicle dealers (new/used), used vehicle…
