Wyoming Auto Dealer Bond$25,000 — License-Synced Term

Wyoming auto dealer bonds ($25,000) cost $250-$2,500 annually depending on credit. Excellent credit (750+) typically qualifies for $250-$500 (1-2%). Good credit (680-749) runs $500-$1,250 (2-5%). Fair credit ranges $1,250-$1,875 (5-7.5%). Wyoming's $25,000 bond amount is among the lowest nationally, keeping premiums affordable for all credit levels.

This is critical in Wyoming: new applicants should NOT have the bond executed until they have been notified by WYDOT that their application has been approved. Submit your Form MV-422 application first, complete the background check and fingerprinting, and wait for approval notification. Only then should you have the bond form executed and returned to WYDOT. This is different from most states where you get the bond first.

Wyoming vehicle dealer licenses are valid for exactly one year. Uniquely, the effective and expiration dates of the license correspond directly to the effective and expiration dates of the bond posted with WYDOT. This means your bond and license terms are synchronized — when one expires, so does the other. Plan your bond renewal to align with your license renewal to avoid any gap in coverage.

Wyoming has two license fee levels based on sales volume: dealers selling 12 or more vehicles per year (including all manufacturers) pay $100 annually; dealers selling fewer than 12 vehicles per year pay only $25. This volume-based fee structure is distinct from the bond amount, which is $25,000 for all dealer types regardless of sales volume.

Wyoming has specific bond execution requirements: the person who signs on behalf of the surety must be the president, vice-president, or attorney-in-fact for the surety company. Except for signatures and dates, bonds must be either typed or printed (no handwritten entries). The surety must be a corporate surety duly licensed to do business within Wyoming. We ensure all these requirements are met.

Yes. All new applicants for a Wyoming Vehicle Dealer License must undergo a criminal background investigation, including being fingerprinted, before a license will be issued. This applies to initial applications only — existing dealers renewing their licenses typically do not need to repeat this process. Factor this into your timeline when planning to open a dealership in Wyoming.

Yes. Wyoming's $25,000 bond amount is one of the most affordable in the country, making approval accessible even with challenged credit. We work with multiple surety carriers that specialize in higher-risk applicants. Even with credit scores below 600, approval is typically possible at reasonable rates. The lower bond amount keeps your annual premium manageable.

WYDOT issues four types of vehicle dealer licenses. All four types require the same $25,000 surety bond. The Form MV-422 application covers all dealer types. Your specific license type determines which vehicles you can sell and how, but the bond requirement and amount remain the same across all categories. Contact WYDOT Motor Vehicle Services at (307) 777-4709 for guidance on which license type you need.