Motor Vehicle Dealers - Used Vehicles Only

The New and Used Car Dealer bond is a regulatory requirement for automotive dealers conducting business within Springfield, Missouri city limits. This municipal bond ensures that car dealerships comply with local business regulations and operate with integrity.

New and used car dealers, including those selling exclusively used vehicles, must obtain this bond as part of their licensing requirements in Springfield. The bond serves as a financial guarantee that the dealer will conduct business in accordance with city ordinances and applicable laws.

This bond protects the City of Springfield and consumers from potential financial losses resulting from the dealer's fraudulent practices, failure to deliver clear vehicle titles, misrepresentation of vehicle conditions, or other violations of local business regulations. If a dealer fails to meet their obligations, affected parties can file claims against the bond for compensation.

The bond requires a $5,000 coverage amount and has a one-year term. Dealers must maintain continuous coverage by renewing the bond annually to keep their business license active and remain in compliance with Springfield's municipal requirements.