The Washington Department of Licensing oversees the regulation of motor vehicle dealers in the state. One requirement to get and maintain a license is a surety bond. With Jet, you can apply for the bond, pay, and be on your way in minutes.
Call us at 855-296-2663 or click below to get started:
Cutting out the middleman allows Jet to provide discounted annual and multi-year rates as well as a convenient monthly payment option.
The price is determined based on the dealer’s personal credit, years of experience, and bond limit. For the $30,000 Motor Vehicle Dealer Bond, rates start at $225 for one year and $23 monthly. Starting prices for additional bond limits are shown in the chart below.
|Bond Type||Bond Limit||Monthly||1 Year|
|Motor Vehicle Dealer||$30,000||$23||$225|
|Mobile Home, Park Trailer, Travel Trailer Dealers||$30,000||$23||$225|
|Mobile Home Manufacturer||$40,000||$40||$400|
|Travel Trailer Manufacturer||$20,000||$20||$200|
|Motor Vehicle Wrecker||$1,000||$10||$100|
|Registered Tow Truck Operator||$5,000||$10||$100|
The main intent of any surety bond is to afford protection to the public and the obligee (regulatory agency) against principal (dealer) wrongdoings that lead to financial harm. In the case of Washington Auto Dealer Bonds, on paper referred to as “Vehicle/Vessel Dealer, Vehicle Manufacturer, Registered Tow Truck Operator, or Wrecker Business Bond”, the Department of Licensing enforces this as a way for the public and themselves to be protected from fraudulent and negligent vehicle business actions—for example, a vehicle dealer tampering with the odometer. By the way, all 50 states require dealers to be bonded in some capacity.
Several regulations are in place to protect the public from dealers, manufacturers, wreckers, and tow truck operators, which can be found in Washington State Legislature, Title 46, Chapter 46.70.
Step 1: Fill out the necessary information
Step 2: Select the bond term that works best for you
Step 3: Provide payment
Step 4: File your bond with the Department of Licensing
Washington Business Licensing Service, Department of Licensing
PO Box 9034
Olympia, WA 98507