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Ohio Motor Vehicle Dealer Bond

Bond Requirements and Online Application

Motor vehicle dealers are required to post a Ohio Motor Vehicle Dealer Bond as part of the process to license the dealership. Read our Car Dealer License Guide to learn more about how to get your dealership licensed and bonded.

Ohio Motor Vehicle Dealer Bond

  • Required by: Ohio Bureau of Motor Vehicles
  • Bond amount $25,000
  • Annually Renewable

The State of Ohio requires you to have a net worth of at least $75,000 before you apply for an Ohio dealer license. You are also required to obtain a $25,000 Ohio Motor Vehicle Dealer Bond. TheOhio Motor Vehicle Dealer Bond cost of this $25,000  surety bond is based on your credit score and if you have good credit your bond will cost  less than $300 a year. If you have challenged credit.   The price of a dealer surety bond can increase dramatically. It is very easy to estimate your net worth, just add up everything you own and subtract what you owe. If requested, you must provide documentation, such as a financial disclosure statement, to prove your net worth to the Ohio Bureau of Motor Vehicles. This documentation would only be required upon request.

Licensing

Surety1 is not directly involved with the licensing process, but we’ve compiled this information which may helpful for you. The State of Ohio requires you to have a net worth of at least $75,000 before you apply for an Ohio dealer license.

State licensing fees and requirements:

  • Ohio Motor Vehicle Dealer Bond
  • License application
  • Supporting application documents
  • $50 permit fee
  • $150 title defect rescission fund fee
  • Business on-site inspection
  • Net worth of at least $75,000
  • Fingerprinting

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

For more licensing information, visit Ohio’s official page.

How to apply for a Dealer Surety Bond

At Surety1.com we make it easy to apply for your Ohio Motor Vehicle Dealer Bond. Simply complete our easy to navigate, online application and usually within 1 business day one of our agents will contact you with a firm quote from one of our dozen, “A” rated surety bond markets. If this no-obligation quote is accepted, you will sign some paperwork, make payment (all major credit cards are accepted) and your bond will be delivered to you via traceable mail. Overnight delivery is also available.

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Surety1 is the premier, online provider of Ohio surety bonds since 2003.

 

 

 

How to Get Your Ohio 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 Ohio 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

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