877-654-2327 All New Surety Bonds

877-930-8127 - Renewals Department
Surety1 was Founded in 2003.  Low-Cost Bond Provider.  Over 150,000 Happy Customers and Counting!   Apply For Your Bond >

Colorado Motor Vehicle Dealer Bond

Bond Requirements and Online Application

The full name of the Colorado Motor Vehicle Dealer Bond is Bond of Motor Vehicle Dealer, Powersports Vehicle Dealer, Used Motor Vehicle Dealer, Used Powersports Vehicle Dealer,Colorado Motor Vehicle Dealer Bond
Business Disposal Dealer, Wholesaler, or Wholesale Motor Vehicle Auction-Dealer.  It is a type of surety bond and is required to obtain a license to sell motor vehicles in the state of Colorado. Colorado distinguishes between Motor Vehicle Dealers and Power Sport Dealers and require different licenses for selling new or used, and retail or wholesale vehicles.

Obtaining the required surety bond is just one of the requisites to obtain the license. Other requirements include:

  1. New Worth Requirement of $100,000
  2. Vantage score of at least 701 or higher for each applicant
  3. Background Check
  4. Dealer/Wholesaler Checklist
    No person may hold both a wholesaler license and a motor vehicle salesperson license at the same time.
    A wholesaler may not employ a motor vehicle salesperson.
    Complete and submit a Dealer/Wholesale License Application (DR 2109). Incomplete applications may delay processing.
  5. Dealer/Wholesaler License Application
  6. Dealer/Wholesaler License Application Addendum
  7. Pre-licensing Education Certificate
  8. Mastery Exam
  9. Verification of Fingerprints
  10. Colorado Motor Vehicle Dealer Bond
  11. Secure Verifiable Identification – Proof of Lawful Presence
  12. Affidavit – Restriction on Public Benefits
  13. Statement of Financial Condition for the applicant and all owners 
  14. Business Documents 
  15. Business Plan
  16. Location Lease
  17. Place of Business Affidavit
  18. Franchise Agreement
  19. Dealer Plate Affidavit
  20. Sales Tax License
  21. Wholesalers
  22. UCC Retail Business Requirements
  23. Written Correspondence
  24.  Pay Fee(s)

Surety Bond

The Required surety bond amount is $50,000,  Small trailer dealers weighing less than 2000 pounds the surety bond amount is $5,000. This bond guarantees the principal (Motor Vehicle Dealer) will abide by all Colorado state laws and regulations outlined in 12-6-111(1) and 12-6-512(1) of the Colorado Revised Statutes. The bond is continuous until cancelled which means a new bond is not required to renew an existing license.

The cost of the Colorado Motor Vehicle Dealer Bond will be a small percentage (usually around 1%) of the bond amount.

How to Obtain a Colorado Motor Vehicle Dealer Bond

At Surety1.com, we make it easy to obtain this surety bond. our simple three step process is:

  1. Complete the easy to navigate and secure online application1
  2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
  3. Sign some paperwork and pay the bond premium

After these steps have been completed, the Colorado Motor Vehicle Dealer Bond will be shipped to the principal (Dealer), to be signed prior to submitting the bond tot he Department of Motor Vehicles.
1- The name on the application must be the  FULL LEGAL NAME and include a DBA if any. 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003 and maintains an A+ rating from the Better Business Bureau.

Colorado Motor Vehicle Dealer Bond

 

 

How to Get Your Colorado Motor Vehicle Dealer Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Colorado Motor Vehicle Dealer Bond!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

Surety

Secure

Online