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Oklahoma Motor Vehicle Dealer Bond

Who needs an Oklahoma Motor Vehicle dealer bond?

All licensed wholesale motor vehicle dealers and used motor vehicle dealers are required to maintain a surety bond by the State of Oklahoma Used Motor Vehicle and Parts Commission. The bond is required as part of your dealer license application.


Why are Oklahoma Motor Vehicle Dealer Surety Bonds required?

Oklahoma Motor Vehicle Dealer’s Surety Bon help ensure that wholesalers and used motor vehicle dealers conduct business ethically and lawfully.


How do I know I am getting the right bond for my business?

In our online purchase process, you will be prompted to enter information about your business, which we use to automatically match you to the correct bond. If you are a wholesale dealer, you may have heard your bond referred to as an Oklahoma Car Wholesaler Dealer Bond or Auto Wholesale Surety Bond. While people use many names, they refer to the same bond. If you are a used car dealer, you may have heard your bond referred to as an Oklahoma Used Car Dealer Bond or Used Auto Dealer Surety Bond.

General Questions
What is a surety bond? 
What is a surety bond?

A surety bond is a three-party agreement among a principal, an obligee, and a surety.

The bond formalizes the principal's obligation to the obligee. The surety guarantees that the principal will fulfill their obligation.