Motor Vehicle Dealers - Used Vehicles Only

The State of Oregon Motor Vehicle Dealer Surety Bond is a financial guarantee required for businesses engaged in the sale of used motor vehicles in Oregon. This bond ensures that dealers operate in accordance with state laws and regulations governing motor vehicle sales.

Who Needs This Bond: Used motor vehicle dealers in Oregon must obtain this bond as part of their licensing requirements with the Oregon Department of Transportation. This includes independent used car lots, dealerships specializing in pre-owned vehicles, and other businesses primarily engaged in selling previously owned motor vehicles.

Protection Provided: The bond protects the State of Oregon and consumers from financial losses resulting from the dealer's failure to comply with applicable laws, fraudulent business practices, or violations of dealer licensing requirements. If a dealer engages in prohibited activities such as selling vehicles without proper title, misrepresenting vehicle conditions, or failing to honor warranties, affected parties can file claims against the bond.

Bond Details: This bond requires a $50,000 coverage amount and has a one-year term. The bond is renewable annually and must remain active throughout the dealer's licensing period to maintain compliance with Oregon state requirements.