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Colorado bonds

Colorado — Vehicle Wholesaler Bond

Colorado vehicle wholesalers use a $50,000 business bond with the legal entity and DBA on the principal line. Prepare the wholesaler's details and start the Propeller application here.

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Recorded state
Colorado
Bond type
Motor Vehicle Dealer / Vehicle Sales Bond
Category
Vehicles, titles & transportation

What this bond does

Financial security instrument required for licensure as a motor vehicle dealer or wholesaler in Colorado.

Who needs it
Dealer/Wholesaler
Who it protects
The form identifies the protected interest as a requirement for licensure, to be provided in specific amounts based on the business type.

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.

Bond Amounts

Dealer/wholesalers require a $50,000 bond; the $5,000 small-trailer provision concerns trailers weighing less than 2,000 pounds.

Submission Detail

The principal line must include the full legal name and DBA, and must be signed by an owner, partner, or officer.

Sources

Have these ready

  1. Have the wholesaler's legal entity name, DBA and licensing application ready.
  2. Use the requested effective date and the bond amount assigned to your business class.
  3. After issuance, have the authorized owner, partner, officer or member sign and submit the completed bond with the license paperwork.

Questions about this bond

What amount is required for a wholesaler?

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

Whose name goes on the bond?

Use the full legal wholesaler name and DBA on the principal line.

Where do I apply?

Purchase Now opens Propeller in a new tab through The Southern Agency. Complete the bond application there, then handle issuance and licensing separately.

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