The City of Springfield requires every licensed new and/or used motor vehicle dealer to file a $5,000 bond with the City. Ours is $100 flat, set by our carrier's rate book for this bond, and the application is five minutes with no credit section.
















City license bonds are about the simplest thing in surety. Here's the whole process:
Business details and an effective date. That's the application — no financials and no credit information collected on this bond.
Small fixed-amount license bonds like this are among the bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with your Springfield dealer license application. Wet-ink original mailed on request.
The City of Springfield licenses new and used motor vehicle dealers operating in the city, and conditions the license on a $5,000 bond. It's a consumer-and-public-protection guarantee that you'll conduct your dealership in compliance with City ordinances and deal honestly with buyers.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Springfield together with harmed buyers (the protected parties). If a dealer violates City code or harms a customer, the harmed party can recover against the bond up to $5,000.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay active for the life of your dealer license, so we track it and send renewal notices 60 and 30 days out.
These are the actual issuing fields — the application collects no credit information, because this bond doesn't need it.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$100 flat, five-minute application, bond often issued in the same sitting. Free until issued.