Wisconsin — NEW Motor Vehicle Dealer Bond
Wisconsin new motor vehicle dealers use the requested amount on Form MV2511 for the benefit of aggrieved persons. Prepare the new-dealer entity and license period, then start with Propeller.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Wisconsin
- Category
- Vehicles, titles & transportation
What this bond does
Satisfy state requirements for licensure and provide benefit to aggrieved persons.
- Who needs it
- Wisconsin New Motor Vehicle Dealer
- Who it protects
- Any aggrieved person as provided under Chapter 218 Wisconsin Statutes.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
- MV2511 Dealer Bond (opens in a new tab)Checked October 19, 2026
Have these ready
- Have the new-dealer entity, requested sum and license period ready, and keep the surety’s termination notice terms with the bond.
- Have the legal applicant name, requesting party and any required form available for the provider application.
- Compare the requested sum and effective dates with the actual option and issued document.
Questions about this bond
What happens if a bond is terminated and not replaced?
The principal's license shall be suspended or revoked until another comparable bond is obtained.
Are claims in one 12-month period cumulative with others?
No, liability in one period does not reduce the sum available for any other 12-month period during which the bond is effective.
Does the surety have notification requirements for claims?
Yes, within 10 days of any claim made against the bond, the surety company must mail notice to the Wisconsin Department of Transportation.