Motor Vehicle Dealers - Used Vehicles Only

The Nebraska Motor Vehicle, Trailer, Wholesale, or Motorcycle Dealer Bond is a $50,000 surety bond required by the State of Nebraska for businesses engaged in the sale of motor vehicles, trailers, or motorcycles. This bond serves as a financial guarantee that dealers will operate in accordance with Nebraska state laws and regulations governing vehicle sales.

Who Needs This Bond: All motor vehicle dealers, trailer dealers, wholesale dealers, and motorcycle dealers operating in Nebraska must obtain this bond as part of their licensing requirements. This includes both new and used vehicle dealers who sell to the public or other dealers.

Protection and Purpose: The bond protects consumers and the State of Nebraska from financial losses resulting from fraudulent or unethical business practices by dealers. This includes protection against issues such as failure to transfer clear title, misrepresentation of vehicle condition, or violation of consumer protection laws.

Bond Details: This is a one-year bond with a mandatory expiration date of December 31st each year, making it renewable annually. The bond requires a registered agent signature, and if the registered agent is not a Nebraska resident, they must attach a copy of their license when filing the bond.