Motor Vehicle Dealers - New or New and Used Vehicles

The New and Used Car Dealer Bond is a surety bond required by the City of Springfield, Missouri for businesses engaged in selling new vehicles or both new and used vehicles within city limits. This bond ensures compliance with local dealer regulations and licensing requirements.

New and used car dealerships operating in Springfield must obtain this bond as part of their licensing process. The bond requirement applies specifically to dealers selling new vehicles or those selling both new and used vehicles, ensuring they meet the city's regulatory standards for motor vehicle sales.

This bond protects the City of Springfield and consumers from financial losses that may result from the dealer's failure to comply with local laws, regulations, or licensing requirements. It provides recourse for damages caused by fraudulent practices, failure to deliver clear titles, or other violations of dealer obligations.

The bond is issued in the amount of $5,000 and has a term length of one year. This bond is renewable annually, allowing dealers to maintain continuous compliance with Springfield's licensing requirements for their ongoing operations.