New Mexico requires a dealer licensed to sell motorcycles only to file a $12,500 surety bond with the Motor Vehicle Division under §66-4-7. Ours is $375 flat — 3% of the bond amount, identical for every dealer. One soft credit pull, e-signed in 1–2 business days.
















Your motorcycle-dealer license is waiting on this bond. Here's the entire process — no broker phone tag:
Business details, owner information, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.
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.
Pay online and receive the executed bond ready to file with your dealer license application. The bond runs concurrently with the license, which expires March 31 each year. Wet-ink originals mailed whenever the state insists.
$12,500 bond × 3% = $375, one-time per term. Fixed amount, fixed price, multi-year if you want it.
New Mexico licenses vehicle dealers through the Taxation and Revenue Department's Motor Vehicle Division, and §66-4-7 sets a reduced bond for a dealer of motorcycles only: $12,500, versus the $50,000 bond a full motor-vehicle dealer files. The bond is a buyer-protection guarantee.
It is payable to the state for the use and benefit of the purchaser and the purchaser's vendees, conditioned on payment for any loss caused by failure of the title, fraudulent misrepresentation, or breach of warranty as to freedom from liens on a motorcycle sold by the dealer. If a buyer is harmed, they can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond runs concurrently with the license (which expires March 31), so we track it and send renewal notices 60 and 30 days out to keep your filing continuous.
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 →If yours isn't here, the bond team can usually answer within the hour.
$375 flat, five-minute application, e-signed bond in 1–2 business days. Free until issued.