Oklahoma Motor Vehicle Dealer Bond

Before Oklahoma licenses you as a car dealer, you post a $25,000 motor vehicle dealer bond. Turn it in to the Oklahoma Used Motor Vehicle Commission. You can get it fast.

Bond Amount
$25,000
Typical Premium
$200–$1,250/yr
Term
2 Years
Required By
Oklahoma Used Motor Vehicle Commission
All 50 States
Bonds in every state
Fast Quotes
Most returned within 24 hours
A-Rated Sureties
Backed by strong carriers
Same-Day Filing
Often issued the same day

What Is the Oklahoma Motor Vehicle Dealer Bond?

Think of the Oklahoma motor vehicle dealer bond as a promise to your buyers and the state. Break a dealer rule, and they can claim against the bond. The surety collects from you after.

Bond amounts in Oklahoma:

New-car (franchise) dealers use a separate commission and bond. This bond is for used-car dealers.

Who Needs This Bond in Oklahoma?

How to Get Bonded — Step by Step

  1. Start your Oklahoma dealer license application.
  2. Buy your motor vehicle dealer bond here. Most quotes come back fast.
  3. Send the bond to the Oklahoma Used Motor Vehicle Commission.
  4. Get your license and start selling.

Renewal & Continuous Bond Coverage

Plan to renew your Oklahoma dealer bond every two years. Renew ahead of time so your license never drops.

Frequently Asked Questions

Do new-car dealers in Oklahoma need this bond?

No. New-car (franchise) dealers use a separate commission. This $25,000 bond is for used-car dealers.

Does the Oklahoma bond protect me?

No. The bond protects your customers and the state, not you. If a claim is paid, you pay the surety back. It is not insurance for you.

How fast can I get bonded in Oklahoma?

We shop several sureties for you, often within a day. Many bonds are issued the same day for good credit.

How much does the bond cost?

You pay a yearly premium — a small percent of the bond amount. Good credit means a lower rate.

How a Surety Bond Works

A dealer bond is a type of surety bond. The picture below shows the three parties and what happens if someone files a claim.

Diagram of how a surety bond works: the obligee requires the bond, the principal applies and signs an indemnity agreement, and the surety issues the bond; if the principal fails, the obligee files a claim, the surety investigates and may pay, and the principal reimburses the surety.

Ready to get your Oklahoma Motor Vehicle Dealer Bond?

Apply in 2 minutes. Most bonds issued same day.

Related: All Oklahoma surety bonds · What is a surety bond? · How surety bond costs are calculated

Underwriting Disclosure. All surety bond applications are subject to underwriting review and approval by the issuing surety company. Quoted premiums are estimates only; final pricing is determined by individual underwriting factors, which may include personal and business credit history, financial statements, industry experience, and claims history. Many bonds qualify for instant online approval, while others may require additional documentation, financial review, or indemnitor signatures prior to issuance. SuretyBondly makes no representation, warranty, or guarantee of approval, eligibility, premium amount, bond form, or issuance timing. Bond amounts, forms, and requirements are governed by the applicable obligee and statutory authority and may change without notice. Information provided on this page is for general informational purposes only and does not constitute legal, financial, or tax advice.