MN new dealer bonds.
$1,500 flat. Soft pull.
Minnesota requires most new motor vehicle dealers to file a $50,000 bond with Driver and Vehicle Services. Ours is $1,500 flat — 3% of the bond amount, identical for every dealer. One soft credit pull, e-signed in 1–2 business days.
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Three steps to licensed.
Your dealer license is waiting on this bond. Here is the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
Most of these clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
E-sign & file with DVS
Pay online and receive the executed bond (DVS form PS2446) ready to file with your dealer license application. Wet-ink originals mailed whenever DVS insists.
The whole pricing page.
$50,000 bond × 3% = $1,500, one-time per term. Fixed amount, fixed price, multi-year if you want it.
What it is and who needs it.
What the bond actually guarantees
Minnesota licenses motor vehicle dealers through Driver and Vehicle Services (DVS) under Minn. Stat. 168.27, and $50,000 is the standard bond for dealers outside the reduced trailer / small-vehicle classes. The bond is conditioned on the dealer's faithful performance of Minnesota's motor vehicle transaction laws and the payment of taxes, license fees, and penalties.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of Minnesota together with harmed buyers (the protected parties). If a dealer fails to deliver clear title, misapplies a customer's money, or violates dealer law, the harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. A handful of trailer and small-vehicle dealer classes post a reduced $5,000 bond instead; everyone else is at $50,000.
You need this bond if you're
Five minutes. The whole thing.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
Do I pay the $50,000? +
Who requires this bond? +
How is this different from the $5,000 dealer bond? +
Is there a credit check? +
When does it renew? +
Other New York bonds.
DVS is waiting on one document.
$1,500 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.