Motor Vehicle Dealers - New or New and Used Vehicles
Overview
What it is.
Motor Vehicle Dealers - New or New and Used Vehicles
Who usually needs it
Individuals or businesses engaging in the sale of more than 6 new, used, or reconstructed motor vehicles or trailers in a single year must obtain this bond. Motor vehicle dealers seeking a dealer license in Missouri are required to obtain this $50,000 surety bond as mandated by Missouri Statute 301.559 to comply with state regulations and protect the public…
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.
StateMOBond amountVaries by license type or projectObligeeState of MissouriBond classLicense BondCategoryOtherBondState of Missouri - Motor Vehicle Dealer BondPlain descriptionMotor Vehicle Dealers - New or New and Used VehiclesWho needs this bondIndividuals or businesses engaging in the sale of more than 6 new, used, or reconstructed motor vehicles or trailers in a single year must obtain this bond. Motor vehicle dealers seeking a dealer license in Missouri are…
