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Colorado bonds

Colorado — Motor Vehicle Dealer Bond

Colorado motor vehicle dealer applicants use a $50,000 business bond under the dealer/wholesaler instructions. Have the dealership's legal name and DBA ready, then apply through Propeller.

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Recorded state
Colorado
Category
Vehicles, titles & transportation

What this bond does

Provides the surety security required for the dealer business's Colorado license application.

Who needs it
A Colorado motor vehicle dealer applying in the licensed business's name.
Who it protects
The interests protected by the dealer bond required for Colorado licensure; the business is the bond principal.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Apply for the dealership, not the salesperson

The dealer/wholesaler instructions require the full legal name and DBA on the principal line. This business application is separate from an individual salesperson bond. Use the form assigned to your dealer class.

Sources

Have these ready

  1. Have the dealership's legal entity, DBA and license application ready.
  2. Use the required dealer bond amount and effective date.
  3. After issuance, arrange the authorized signature and submit the bond with the dealer application.

Questions about this bond

Is this the salesperson bond?

No. This application concerns the dealer business, not an individual salesperson's license.

What amount do the dealer instructions state?

The Colorado dealer/wholesaler instructions state $50,000 for the standard dealer/wholesaler bond.

How do I start?

Purchase Now opens Propeller in a new tab through The Southern Agency. Apply for the bond there; Colorado licensing is separate.

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