State of Colorado - Bond Of Motor Vehicle Salesperson Or Powersports Vehicle Salesperson
Motor Vehicle Salespersons - New or New and Used Vehicles
Overview
What it is.
Motor Vehicle Salespersons - New or New and Used Vehicles
Who usually needs it
Individuals applying for or renewing a license as a motor vehicle salesperson or powersports vehicle salesperson in Colorado. This bond is required for licensed salespersons who sell motor vehicles (e.g., cars, trucks) or powersports vehicles (e.g., motorcycles, ATVs) at dealerships, ensuring compliance with Colorado laws and protecting customers from fraud…
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$15,000ObligeeState of ColoradoBond classLicense BondCategoryOtherBondState of Colorado - Bond Of Motor Vehicle Salesperson Or Powersports Vehicle SalespersonPlain descriptionMotor Vehicle Salespersons - New or New and Used VehiclesWho needs this bondIndividuals applying for or renewing a license as a motor vehicle salesperson or powersports vehicle salesperson in Colorado. This bond is required for licensed salespersons who sell motor vehicles (e.g., cars, trucks) …
