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Wisconsin Motor Vehicle Dealer Bond - New

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…

Bond amount$50,000
State or jurisdictionWisconsin
ObligeeState of Wisconsin

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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Wisconsin Motor Vehicle Dealer Bond - New | Platinum Bonds