Bonding is a requirement used throughout the country as a safety measure against unlawful dealer actions. The State of Montana Title and Registration Bureau follows this standard to ensure that the public will be reimbursed in the case of fraudulent dealer practices. Click Apply Now below to get started with the quick application, or read on for more information.
Based on the type of dealer license you carry, your rate will only be a small percentage of the legal bond requirement. Once that has been considered, personal factors such as dealer’s personal credit, will determine your actual cost of your bond.
With Jet, you can pay as low as $10 each month for a new or used vehicle dealer bond or $100 each year. We search through several insurance companies to find you the best deal for your situation.
|Price Tier*||Motor Vehicle Dealer Bond|
|Monthly | Annual|
|Preferred||$12 | $125|
|Standard||$21 | $250|
|Credit Repair||$47 | $599|
The limits of a bond vary for different dealers, based on the coverage needed. A $5,000 bond is required for motorboat, personal watercraft, snowmobile, and off-highway vehicle dealers. For motorcycle and quadricycle dealers, a $15,000 bond is needed. The highest bond limit is mandatory for new or used vehicle dealers, brokers, wholesalers, auto auction, and manufactured dwelling dealers, which is $50,000.
Click the Apply Now button below that corresponds with your dealer type to start the application. Once the application is submitted Jet will work on a quote that will be delivered to your email for direct purchase.
$25,000 Motor Vehicle Dealer Bond
If you are applying as a dealer for the first time, you will have a license period that ends on December 31st. This used to be the license period for renewals as well, but the Montana MVD has updated the expiration dates for dealer license renewals.
When going through your first renewal, you will be placed into one of the quarters below based on the first initial of your business. After that, your license period will reflect the 12-month license period of the quarter you are placed in.
|Renewal Period||Renewal Packet Due Date||License Expiration Date (for non-renewals)|
|Renewal Period 1st Quarter||Renewal Packet Due Date December 15th||License Expiration Date (for non-renewals) March 31st|
|Renewal Period 2nd Quarter||Renewal Packet Due Date March 15th||License Expiration Date (for non-renewals) June 30th|
|Renewal Period 3rd Quarter||Renewal Packet Due Date June 15th||License Expiration Date (for non-renewals) September 30th|
|Renewal Period 4th Quarter||Renewal Packet Due Date September 15th||License Expiration Date (for non-renewals) December 31st|
With a little preparation, applying for your dealer license can be easy. These are the steps that will make your application go smoothly:
After submission, the Bureau will take up to 3 weeks to approve your application.