Oregon Motor Vehicle Dealer Bond

Oregon requires a $50,000 motor vehicle dealer bond before you can get a dealer license. It is filed with the Oregon DMV. You can get it fast.

Bond Amount
$50,000
Typical Premium
$300–$2,500/yr
Term
1 Year
Required By
Oregon DMV (ODOT)
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What Is the Oregon Motor Vehicle Dealer Bond?

A Oregon motor vehicle dealer bond is a money guarantee. It protects your buyers, not you. If you break a dealer rule or fail to pass clear title, they can claim against it. The surety pays them, then you pay the surety back.

What you post in Oregon:

Who Needs This Bond in Oregon?

How to Get Bonded — Step by Step

  1. Apply for the bond on this page. Approval is quick for most dealers.
  2. Finish your Oregon license paperwork.
  3. File the bond with the Oregon DMV.
  4. Get licensed and open for business.

Renewal & Continuous Bond Coverage

Your Oregon dealer license runs on a set cycle (every year). Keep the bond current. A lapse can cost you your license.

Frequently Asked Questions

Does the Oregon bond protect me?

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

How fast can I get bonded in Oregon?

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 Oregon Motor Vehicle Dealer Bond?

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Related: All Oregon 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.