$175 is your GOOD CREDIT PRICE for a 2 year Oklahoma Motor Vehicle Dealer Bond.
If you are engaged as a used motor vehicle dealer in Oklahoma and gross less than $500,000 in sales, you are required under Title 47. Section 581 et. seq. of the Oklahoma Statutes to file an Oklahoma Motor Vehicle Dealer Bond as a condition of licensure.
Bonds Express offers an Oklahoma Motor Vehicle Dealer Bond with a 99% approval rate.
This bond expires every Odd Year on December 31st.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Oklahoma Motor Vehicle Dealer Bond holds you accountable for your business decisions.
By possessing an Oklahoma Motor Vehicle Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.