Motor Vehicle Dealers - New or New and Used Vehicles

The State of Wisconsin Motor Vehicle Dealer/Wholesaler Bond is a surety bond required by the Wisconsin Department of Transportation for businesses engaged in selling new or used motor vehicles. This bond ensures compliance with state regulations governing motor vehicle sales and protects consumers from fraudulent or unethical business practices.

Motor vehicle dealers and wholesalers operating in Wisconsin must obtain this bond as part of their licensing requirements. This includes new car dealerships, used car lots, and wholesale motor vehicle operations that sell vehicles to other dealers or the public.

The bond protects the State of Wisconsin and consumers who purchase vehicles from bonded dealers. It provides financial recourse if a dealer violates state laws, fails to transfer titles properly, misrepresents vehicle conditions, or engages in other prohibited practices that result in financial harm to customers.

Bond amounts are typically $25,000 or $50,000 depending on the specific license type and business volume. The bond term is one year and must be renewed annually to maintain an active dealer license. Failure to maintain continuous bond coverage will result in license suspension or revocation.