Wisconsin auction dealer bonds.
$275 flat.
Wisconsin licenses motor vehicle auction dealers through WisDOT under Chapter 218, and conditions the license on a $25,000 bond filed on form MV2511. Ours is $275 flat — the price you see is the checkout price. A quick soft credit check may apply, e-signed in 1–2 business days.
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How much does a Wisconsin auction dealer bond cost?
$275 at the $25,000 amount, the same for every applicant.
Three steps to licensed.
Your WisDOT auction dealer license is waiting on this bond. Here is the entire process:
Apply once, online
Business details, owner information, effective date — plus a one-time consent to a soft credit pull.
Reviewed & approved
Most of these clear quickly; if a soft credit check runs, it never affects your score, and you hear from an underwriter within 48 hours if anything else is needed.
E-sign & file with WisDOT
Pay online and receive the executed bond on form MV2511, ready to file with your auction dealer license application. Wet-ink originals mailed whenever the state insists.
What it is and who needs it.
What the bond actually guarantees
Wisconsin licenses motor vehicle auction dealers through WisDOT under Chapter 218. The dealer bond is a consumer-and-public-protection guarantee: it stands behind clear title on the vehicles moving through your auction and your compliance with Wisconsin dealer law.
It is a three-party arrangement: you (the principal), the surety carrier, and the State of Wisconsin together with anyone aggrieved by a dealer’s noncompliance. If a dealer fails to deliver clear title or misapplies funds, the harmed party can recover against the bond — and if the surety pays, you repay the surety.
The auction dealer bond is $25,000, filed on the WisDOT Dealer Bond form MV2511 — the same amount as the salvage dealer and wholesaler bonds. Confirm the figure on your WisDOT application if your license class differs.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $25,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The term is set on the carrier’s application; the premium covers the period shown there.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
E-sign & file with WisDOT. Pay online and receive the executed bond on form MV2511, ready to file with your auction dealer license application. Wet-ink originals mailed whenever the state insists.
What sets the price
The premium is fixed at $275 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application: approved instantly, or after a quick credit check.
These are the actual underwriting fields. A soft credit check may apply — it never affects your score. Submit once and your bond is typically issued within 1–2 business days.
Start the application →Common questions.
Other Wisconsin motor vehicle dealer bonds.
Not sure this is the one your license calls for? These are the other motor vehicle dealer bonds we write in Wisconsin. Each has its own statute and bond amount.
Other Wisconsin bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
WisDOT is waiting on one document.
$275 flat, short application, e-signed bond in 1–2 business days. Free until issued.