|Bond Amount||Cost*||Term||Apply Now|
|$50,000||Starting as low as $250*||One Year Term||Start Application|
*For qualified applicant based on credit and experience
The $50,000 Colorado Motor Vehicle Dealer Bond is a required surety bond in the State of Colorado by the Colorado Motor Vehicle Dealer Board to receive a license to conduct business as a licensed auto dealer. The bond is required to prevent the public from acts of fraud or misconduct. The Colorado Motor Vehicle Dealer bond guarantees the auto dealer will follow all rules and regulations of the Colorado Transportation Code, including the payment of all drafts and checks drawn for the purchase of motor vehicles, as well as transferring valid titles to each motor vehicle that they plan to sell.
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A vehicle dealer in the state of Colorado is defined as a person who sells or leases 3 vehicles from the same address during the cycle of one calendar year with the intent to make a profit. These professionals must obtain a license issued by the Colorado Motor Vehicle Dealer Board (MVDB). Listed below are a few key license requirements outlined by the State of Colorado:
Indicate one of the following dealer types on the bond application: motor vehicle dealer, used motor vehicle dealer, powersports vehicle dealer, used powersports vehicle dealer, wholesaler or wholesale motor vehicle auction-dealer.
Submit all required forms of the application and pay all licensing fees.
Provide proof of a sales tax license, submit a credit check and background check.