Motor vehicle dealers are required to post a Motor Vehicle Dealer Bond as part of the process to license the dealership. The amount of the bond depends on what type of vehicles are to be sold, the amount of vehicles you plan to sell, and other factors. Read our Car Dealer License Guide to learn more about how to get your dealership licensed and bonded.

Minnesota Motor Vehicle Dealer BondSurety Bond

  • Required by: Minnesota Department of Public Safety
  • Minimum Bond Amount: $5,000
  • Maximum Bond Amount: $50,000
  • Valid: Continuous – Renewable

The price for the bond, also known as the bond premium, is only a small fraction of the bond amount.

Dealers of boats, small horse trailers, mopeds, snow-mobile dealers, or any trailer carrying less than 15,000 pounds must file a $5,000 bond. All other vehicle dealers must file a $50,000 bond.

This bond guarantees the principal will abide by all Minnesota state laws and regulations.

Since this bond is continuous, it remains full force and effect until it is cancelled. If it is cancelled, the obligee must be notified of the cancellation within 30 days of the cancellation date.

The bond amount is determined on the specific type of vehicle that is sold.

The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.


Surety1 is not directly involved with the licensing process, but we’ve compiled this information which may helpful for you.

State licensing fees and requirements:

  • Surety bond
  • License application
  • Supporting application documents
  • Zoning approval
  • Business location
  • Proof of liability insurance
  • $280 license fee

All licensing fees are required by the obligee, not the surety company.

For more license information, visit Minnesota’s official page.


How to Get Your Minnesota 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 Surety 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 Bond Experts

Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

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