Vehicle/Vessel Dealer, Vehicle Manufacturer, Registered Tow Truck Operator, or Wrecker Business Bond
Any business or auctioneer who buys or sells new or used cars, trucks, or motor homes at wholesale or retail in the state of Washington. Required when: Required as a precondition to receiving and maintaining a vehicle dealer's license. Exemptions: Dealers selling 15 or fewer vessels per year with a retail value of no …
Overview
What it is.
Any business or auctioneer who buys or sells new or used cars, trucks, or motor homes at wholesale or retail in the state of Washington. Required when: Required as a precondition to receiving and maintaining a vehicle dealer's license. Exemptions: Dealers selling 15 or fewer vessels per year with a retail value of no …
Who usually needs it
Any business or auctioneer who buys or sells new or used cars, trucks, or motor homes at wholesale or retail in the state of Washington.
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.
StateWABond amount$30,000Term lengthContinuousObligeeWashington State Department of LicensingRenewalThe bond must be maintained in full force and effect for the duration of the license. It is typically renewed annually in conjunction with the dealer license renewal process through the Department of Revenue's Business …Bond classLicense BondCategoryMotor VehicleBondVehicle/Vessel Dealer, Vehicle Manufacturer, Registered Tow Truck Operator, or Wrecker Business BondStatutory referenceRCW 46.70.070JurisdictionState
