Motor Vehicle Dealers - Used Vehicles Only

The State of West Virginia Division of Motor Vehicles Surety Bond is a $25,000 financial guarantee required for used vehicle dealers operating in West Virginia. This bond serves as a condition for obtaining and maintaining a used vehicle dealer license in the state.

Who Needs This Bond: Used vehicle dealers in West Virginia must secure this bond as part of their licensing requirements with the Division of Motor Vehicles. The bond applies specifically to dealers who sell used vehicles only, not new vehicle franchised dealers.

Protection and Purpose: The bond protects the State of West Virginia and consumers from potential financial losses due to the dealer's failure to comply with state motor vehicle laws and regulations. It ensures that dealers operate ethically and fulfill their obligations to customers, including proper title transfers, accurate vehicle representations, and adherence to warranty requirements.

Bond Terms: This is an annual bond with a term running from July 1 to June 30 each year, aligning with the state's licensing period. The bond is renewable annually and must remain active throughout the dealer's license term. Dealers must provide an estimate of monthly vehicle sales as part of the bonding process.