Any person engaged in the business of selling or exchanging three or more vehicles in Wyoming in any consecutive 12-month period. Required when: Application for a vehicle dealer license Exemptions: Persons selling fewer than three vehicles in any consecutive 12-month period are not defined as dealers and are not requi…
Overview
What it is.
Any person engaged in the business of selling or exchanging three or more vehicles in Wyoming in any consecutive 12-month period. Required when: Application for a vehicle dealer license Exemptions: Persons selling fewer than three vehicles in any consecutive 12-month period are not defined as dealers and are not requi…
Who usually needs it
Any person engaged in the business of selling or exchanging three or more vehicles in Wyoming in any consecutive 12-month period.
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.
StateWYBond amount$25,000Term lengthAnnualObligeeWyoming Department of Transportation, Motor Vehicle ServicesRenewalThe bond must be submitted annually with the license application. The expiration date of the license corresponds to the expiration date of the bond.Bond classLicense BondCategoryMotor VehicleBondVehicle Dealer BondStatutory referenceW.S. 31-16-103(h)JurisdictionState
