This bond is required for anyone who wants to open a new car dealership in Wisconsin. It protects customers and the state by guaranteeing that the dealer will follow all vehicle sales laws and regulations. If a dealer breaks the rules or cheats customers, people can file claims against this $50,000 bond to recover the…
Overview
What it is.
This bond is required for anyone who wants to open a new car dealership in Wisconsin. It protects customers and the state by guaranteeing that the dealer will follow all vehicle sales laws and regulations. If a dealer breaks the rules or cheats customers, people can file claims against this $50,000 bond to recover the…
Who usually needs it
New and used motor vehicle dealers, public consignment auction dealers, and other specified dealer types licensed to sell new vehicles in Wisconsin must obtain this $50,000 bond as a prerequisite for obtaining and maintaining a motor vehicle dealer license under Wisconsin Statutes Chapter 218. The bond ensures compliance with state laws, protects consumers …
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.
StateWIBond amount$50,000ObligeeState of WisconsinBond classLicense BondCategoryMotor VehicleBondWisconsin Motor Vehicle Dealer Bond - NewJurisdictionStatePlain descriptionThis bond is required for anyone who wants to open a new car dealership in Wisconsin. It protects customers and the state by guaranteeing that the dealer will follow all vehicle sales laws and regulations. If a dealer b…Who needs this bondNew and used motor vehicle dealers, public consignment auction dealers, and other specified dealer types licensed to sell new vehicles in Wisconsin must obtain this $50,000 bond as a prerequisite for obtaining and maint…
