Principals applying for or holding a license as a wholesale motor vehicle dealer in Oklahoma must obtain this $25,000 bond. The bond must be submitted with the license application and ensures the dealer conducts business without fraud, fraudulent representations, or violations of the Oklahoma Used Motor Vehicle Dealer Laws.
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.
StateOKBond amount$25,000ObligeeState of OklahomaBond classLicense BondCategoryOtherBondWholesale Motor Vehicle Dealer's Surety BondPlain descriptionMotor Vehicle - Wholesale DealerWho needs this bondPrincipals applying for or holding a license as a wholesale motor vehicle dealer in Oklahoma must obtain this $25,000 bond. The bond must be submitted with the license application and ensures the dealer conducts busines…
