Oklahoma Auto Dealer Bonds
Auto dealer bonds protect consumers and the state. The bond amount and license type required depend on your state's DMV.
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At a glance
Oklahoma Auto Dealer Bond Key Facts
Governed by Okla. Stat. tit. 47, § 583.
The basics
What Is an Auto Dealer Bond in Oklahoma?
An Oklahoma auto dealer bond — officially the Used Motor Vehicle Dealer’s Surety Bond — is a $25,000 surety bond you must file to get or renew a used or wholesale motor vehicle dealer license through the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (Okla. Stat. tit. 47, § 583). A used dealer whose business is primarily non-auction consignment sales projected at $500,000 or more a year files a $50,000 bond instead. New/franchise dealers who sell brand-new vehicles are licensed by the separate Oklahoma New Motor Vehicle Commission and do not post a bond.
Good to know - Required for Oklahoma used motor vehicle dealer and wholesale used motor vehicle dealer licenses under Okla. Stat. tit. 47, § 583. The bond is $25,000 for a used or wholesale dealer, and $50,000 for a used dealer whose business is primarily non-auction consignment sales projected at $500,000 or more in gross annual sales. New/franchise dealers who sell brand-new vehicles are licensed by the separate Oklahoma New Motor Vehicle Commission (ONMVC) and are not required to post a surety bond.
The bond is a promise that you will follow Oklahoma’s used motor vehicle dealer laws. If you break those laws and someone loses money — for example, through fraud or an unpaid obligation tied to a sale — that person can file a claim against your bond up to its full amount.
The bond protects your customers and the state, not you. If the surety company pays a valid claim, you must repay the surety. You do not pay the full bond amount to get one; you pay a premium, which is a small percentage of the coverage.
The same $25,000 requirement applies to used dealers and wholesale used dealers. The amount rises to $50,000 only for a used dealer whose business is primarily non-auction consignment sales projected at $500,000 or more in gross annual sales. Because the requirement depends on your license type, confirm which category you fall under before you buy.
Qualification
What You Need to Qualify for a Oklahoma Auto Dealer Bond
Approval depends on your dealer license type, required coverage amount, and underwriting factors such as credit.
- You are applying for, or renewing, an Oklahoma used or wholesale motor vehicle dealer license through the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (OUMVDMHC). New/franchise dealers who sell brand-new vehicles are licensed by the separate Oklahoma New Motor Vehicle Commission and do not file a bond.
- You know your dealer license type: a used or wholesale used dealer bond is $25,000, while a used dealer whose business is primarily non-auction consignment sales projected at $500,000 or more in gross annual sales files a $50,000 bond.
- You have an established place of business in Oklahoma that meets the Commission’s dealer location rules — a permanent building with an office and a business sign.
- You carry at least $25,000 of single-limit liability insurance on the vehicles you offer for sale or drive on the road, as § 583 requires, with the certificate ready for your application.
- You are ready to pay Oklahoma’s state license fee ($600 for a new used or wholesale dealer license) separately from your bond premium.
- Your bond is written by a surety company licensed in Oklahoma and runs to the Commission — we issue it for you on the official Used Motor Vehicle Dealer’s Surety Bond form.
Step by step
How to Get an Auto Dealer Bond in Oklahoma: Step by Step
Confirm your license type and bond amount
Oklahoma requires the bond for used and wholesale used dealer licenses: $25,000 for a used or wholesale dealer, or $50,000 for a used dealer whose business is primarily non-auction consignment sales projected at $500,000 or more in gross annual sales. If you sell brand-new vehicles as a franchise dealer, you license through the Oklahoma New Motor Vehicle Commission instead and do not post a bond.
Set up your established place of business
Oklahoma dealers must operate from an established place of business — a permanent building with an office and a business sign that meets the Commission’s requirements. Have your lease or ownership records and location photos ready for your application.
Get your required liability insurance
Under § 583, a used or wholesale used dealer must keep at least $25,000 of single-limit liability insurance in force on the vehicles offered for sale or driven on Oklahoma roads. Get your certificate of insurance ready to include with your application.
Get your Oklahoma dealer bond
Buy your bond and we handle the paperwork. We issue your Used Motor Vehicle Dealer’s Surety Bond in the correct amount for your license type ($25,000, or $50,000 for a high-volume consignment dealer) and provide it for your application. There is no bond form for you to download, complete, or sign.
Complete and submit your dealer license application
Complete the Used Motor Vehicle Dealers Application (or the Wholesale Motor Vehicle Dealers Application for a wholesale license) and submit it to the Commission with your bond, certificate of liability insurance, proof of your place of business, and the $600 state license fee. Most applicants file through the Commission’s online licensing platform.
Used Motor Vehicle Dealers ApplicationKeep your bond active and renew every two years
Oklahoma issues used and wholesale dealer licenses for a two-year period. Keep your bond and liability insurance in force for the full term and renew your license on time so nothing lapses. The renewal license fee is $300 for a dealer already licensed in that classification.
Paperwork
Oklahoma Dealer Bond Forms & Documents
The OUMVDMHC used motor vehicle dealer license application. You complete and submit this to the Commission.
View formThe application for a wholesale used motor vehicle dealer license. You complete and submit this if you are licensing as a wholesale dealer.
View formThe Oklahoma dealer surety bond form — we issue this in the correct amount for your license type and provide it for your filing. There is nothing for you to complete.
View formThe Commission’s forms and online licensing platform — activate your account to apply for or renew a dealer license and find current forms.
View formYou'll also need
Cost
How Oklahoma Auto Dealer Bond Pricing Works
You do not pay the full bond amount. The $25,000 figure (or $50,000 for a high-volume consignment dealer) is the coverage — the most claims can collect. You pay a premium, which is a small percentage of that amount.
Your premium is set by underwriting, mostly your personal credit. Well-qualified applicants pay a low rate. The premium is separate from Oklahoma’s $600 state license fee.
A dealer who must post the higher $50,000 consignment bond pays a proportionally higher premium than a dealer posting the standard $25,000 bond.
Worked example
A used or wholesale Oklahoma dealer needs a $25,000 bond. You do not pay $25,000 — you pay a premium, which is a percentage of that amount set mainly by your credit. A used dealer who must post the $50,000 high-volume consignment bond carries twice the coverage and pays a proportionally higher premium.
Filing
Filing Information
Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (OUMVDMHC)
Filing notes
File your bond with your dealer license application to the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (OUMVDMHC). The bond is written on the state Used Motor Vehicle Dealer’s Surety Bond form and runs to the Commission for the benefit of anyone harmed by a violation of Oklahoma’s dealer laws.
We issue your Oklahoma Used Motor Vehicle Dealer’s Surety Bond in the correct amount for your license type ($25,000, or $50,000 for a high-volume consignment dealer) and provide it for your application — there is no bond form for you to complete or sign.
Oklahoma issues used and wholesale dealer licenses for a two-year period, so keep your bond in force for the full term and renew it with your license so it never lapses. A lapsed bond can put your license out of compliance.
Applications and renewals are handled through the Commission’s online licensing platform; activate your account there to apply for a new license or manage an existing one.
FAQ
Oklahoma Auto Dealer Bond FAQ
It depends on your license type. Used motor vehicle dealers and wholesale used dealers must file a $25,000 surety bond to be licensed by the Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (Okla. Stat. tit. 47, § 583). New/franchise dealers who sell brand-new vehicles license through the separate Oklahoma New Motor Vehicle Commission and do not post a bond.
$25,000 for a used or wholesale used motor vehicle dealer. It rises to $50,000 for a used dealer whose business is primarily non-auction consignment sales projected at $500,000 or more in gross annual sales.
The Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (OUMVDMHC) requires the bond, and it runs to the Commission for the benefit of the public. It is filed with your dealer license application.
It protects your customers and the state, not you. Anyone harmed by your violation of Oklahoma’s used dealer laws can file a claim up to the bond amount. If the surety pays a valid claim, you must repay it.
You pay a premium, not the full $25,000 (or $50,000). The premium is a small percentage of your bond amount, based mainly on your credit. Start a quote to see your rate.
No. The Used Motor Vehicle Dealer’s Surety Bond is ours to issue. We complete it in the correct amount for your license type and provide it for your application — you do not download, complete, or sign the bond form.
Oklahoma issues used and wholesale dealer licenses for a two-year period, and your bond must stay in force for the full term. You can buy the bond on a 1, 2, or 3 year premium term; keep it renewed with your license so it never lapses.
A completed dealer license application, at least $25,000 of single-limit liability insurance, an established place of business, and the $600 state license fee. Wholesale applicants use the Wholesale Motor Vehicle Dealers Application.
Sources
Last verified 2026-07-01. Requirements change - confirm current details with Oklahoma Used Motor Vehicle, Dismantler, and Manufactured Housing Commission (OUMVDMHC) before you file. This page is informational and not legal advice.
FAQ
Oklahoma Auto Dealer Bond Questions
The cost of a Oklahoma auto dealer bond is usually a small percentage of the state-required bond amount. Your exact premium depends on the bond amount, license type, business details, and underwriting factors such as credit.
Many auto dealer bonds can be issued the same day after you complete the application. Larger bond amounts or applications that need underwriting review may take longer.
Requirements vary by license type, but most Oklahoma auto dealers need to complete a short application and purchase the bond amount required by the state before their license can be issued or renewed.
Often, yes. Many states have separate bond requirements for wholesale, retail, broker, or other dealer license types. Choose the bond that matches your Oklahoma license instructions.
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AutoDealersBond.com is operated by Shield Liability Insurance Agency, a California and Texas licensed insurance agency (CA License #6018195, TX License #3446536). Shield Liability Insurance Agency is not an insurance carrier and does not underwrite bonds or insurance policies. Bond and coverage availability, pricing, and issuance are subject to carrier underwriting approval, eligibility, applicable state requirements, and policy or bond terms. Availability varies by state.
