The Michigan Department of State requires brokers, new vehicle dealers, and used vehicle dealers to obtain a $25,000 Uniform Vehicle Dealer Surety Bond, also known as an Auto Dealer Bond. Click the button below to get your bond in minutes.
Jet's direct model allows us to provide pricing that works for everyone, including convenient monthly payments and discounted annual and multi-year rates.
$15 a month or $150 for one year! There are also two- and three-year options. The price offered will depend on your personal credit (it's a soft credit check that doesn't affect your score) and years of experience. See the chart below for starting rates.
Our monthly rate allows new dealers a chance to pay monthly avoiding minimum payment amounts for the shortened term until the bond expiration date of 12/31.
Michigan has the responsibility of protecting its citizens from fraudulent business practices. Laid out in the Michigan Vehicle Code are laws applicable to motor vehicle businesses overseen by the Michigan Department of State (MDOS). The Business Licensing Section of the MDOS is tasked with licensing motor vehicle dealers to ensure brokers and dealers comply with the rules and regulations, one of which is the requirement of a surety bond for motor vehicle brokers and dealers of new and used vehicles to hold a surety bond.
The Uniform Vehicle Dealer Surety Bond is a guarantee to the MDSOS that funds are available via the surety company (Jet) should a dealer or broker commit an act that causes financial harm to the public or the State. A claim can be filed to recover damages, but that’s not the end of the story as the dealer is still liable for any claim payments—more on this in the Bond Claim Process link below.
The bond limit was raised from $10,000 to $25,000 in January 2023. The bond has a common expiration date of 12/31 each year so those renewing their bond for 2024 will be seeing an increased surety bill.
Once you’ve submitted your business information through the application and paid for the bond, the bond form is ready for download, along with your receipt. The original bond will be mailed to you for filing with the Michigan Department of State.
During checkout, you can choose to overnight the bond, should it be necessary. Send the completed bond form to the address below:
Michigan Department of State, Business Licensing Section
430 W. Allegan, 3rd Floor
Lansing, MI 48918