Oklahoma Motor Vehicle Dealer License Bond
In the State of Oklahoma, all motor vehicle dealers must become licensed before they can legally sell or advertise vehicles for sale. As part of the licensing requirements, dealers must post and maintain a Motor Vehicle Dealer License Bond for a 2 year term, expiring on December 31st. There are 3 separate categories of licenses that require a bond.
|Bond Type||Required Bond Amount||Base premium (for qualifying accounts)|
|Used Motor Vehicle Dealer Bond||$25,000||$263|
|Used Motor Vehicle Auctioneer (Dealer) Bond||$50,000||$525|
|Wholesale Motor Vehicle Dealer Bond||$25,000||$263|
|Motor Vehicle Rebuilder's Bond||$15,000||$175|
Dealers wanting to get licensed in Oklahoma must review the State of Oklahoma Used Motor Vehicle and Parts Commissions website for qualifications and requirements.