Ohio Auto Dealer Bonds, and More

Ohio auto dealer bonds are required to obtain a license to sell motor vehicles in the state. Learn more about these bonds and find the best rates online
Search for your bond to get started!

Ohio Auto Dealer Bonds, and More

State of Ohio Motor Vehicle Title Defect - Bond for Dealer

State of Ohio Motor Vehicle Title Defect - Bond for Dealer

The Ohio Motor Vehicle Title Defect - Bond for Dealer Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
Bond Terms
State of Ohio
Bond Premium
Bond Amount:
Bond Duration
Bond Term:

How much does an auto dealer bond cost in Ohio?

Auto dealer surety bonds (also called motor vehicle dealer bonds) are mandated by the Ohio Bureau of Motor Vehicles (BMV) as part of the licensing requirements for dealerships to conduct business in the state. The BMV sets the total bond amount at $25,000.

The surety company determines your premium rate, which is the percentage of the total bond amount you pay as the premium. Premium rates for Ohio auto dealer bonds typically cost between 1% and 3% of the total bond amount.

During the application process, the surety company evaluates your personal credit, financial statements, industry experience, and licensing history. Applicants with good credit generally receive the lowest rates, however, bad credit will not prevent you from securing an Ohio auto dealer bond. EZSurety still offers competitive rates to individuals with low credit scores or other financial issues.

Below are the lowest premiums EZ Surety has issued for auto dealer surety bonds in Ohio.

  • EZ Surety has issued motor vehicle dealer bonds for premiums as low as $250.

Why are auto dealer bonds important in Ohio?

Ohio auto dealer bonds provide protection for customers, creditors, and the state government. When an Ohio motor vehicle dealer posts a surety bond, they provide a guarantee to the bond’s Obligee (the Ohio BMV) that they will conduct business in compliance with the conditions listed in the Ohio Revised Code § 4505.181 and Ohio Administrative Code 4501:1-3-11.

If the auto dealer fails to comply with the code, the surety company will pay out financial losses to damaged parties up to the full bond amount. The auto dealer is liable to reimburse the surety for any damages paid under the bond.

How to get your auto dealer license in Ohio

To obtain your auto dealer license in Ohio, you must meet the Ohio Bureau of Motor Vehicles licensing requirements by completing the following steps:

  • Complete the application for dealer licensing
  • Post the $25,000 surety bond
  • Provide electronic fingerprints
  • Ensure your place of business meets all requirements
  • Install the proper signage at the business location
  • Apply for an Ohio Vendors Number and register with the Ohio Secretary of State
  • Complete a dealer educational class
  • Have your place of business inspected by a BMV official
  • Pay all application and licensing fees

How to Know if You Need a Surety Bond

You’ll know if you need a surety bond because some entity will have required you to obtain one. They must also inform you of which specific bond type you’ll need. There are thousands of bonds across the country, all of which vary by state and industry.

Visit EZSuretyBonds.com to browse hundreds of bonds by state, type, or industry.

Surety Bonds Online