This bond is required for businesses in Wisconsin that buy and sell vehicles in bulk (wholesalers) rather than directly to individual consumers. The $25,000 bond acts as a financial guarantee to the State of Wisconsin that the wholesaler will follow all state laws and regulations governing their business. If the whole…
Overview
What it is.
This bond is required for businesses in Wisconsin that buy and sell vehicles in bulk (wholesalers) rather than directly to individual consumers. The $25,000 bond acts as a financial guarantee to the State of Wisconsin that the wholesaler will follow all state laws and regulations governing their business. If the whole…
Who usually needs it
Wholesale motor vehicle dealers in Wisconsin who sell or transfer motor vehicles only to other licensed dealers (not to the general public) must obtain this $25,000 surety bond as a requirement for obtaining or renewing their Wisconsin Wholesale Dealer License issued by WisDOT.
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$25,000ObligeeState of WisconsinBond classLicense BondCategoryMotor VehicleBondWisconsin Motor Vehicle Wholesaler BondJurisdictionStatePlain descriptionThis bond is required for businesses in Wisconsin that buy and sell vehicles in bulk (wholesalers) rather than directly to individual consumers. The $25,000 bond acts as a financial guarantee to the State of Wisconsin t…Who needs this bondWholesale motor vehicle dealers in Wisconsin who sell or transfer motor vehicles only to other licensed dealers (not to the general public) must obtain this $25,000 surety bond as a requirement for obtaining or renewing…
