Wyoming Auto Dealer Bond$25,000 on Form MV-424 — Bond After Approval Only

Wyoming is one of the few states that explicitly prohibits executing the bond before the dealer application is approved. WYDOT requires this sequence because the bond effective date must align with the license effective date — they are synchronized. If you execute the bond too early, the dates will not match and you will need to have a new bond issued. Submit Form MV-422 first, complete your background check, and wait for WYDOT approval before contacting a surety.

Wyoming has strict 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. No other officer or employee may sign. Additionally, except for signatures and dates, all entries on the bond form must be typed or printed — handwritten entries (other than signatures and dates) are rejected by WYDOT. We handle these execution requirements automatically.

All first-time applicants for a Wyoming Vehicle Dealer License must undergo a criminal background investigation including fingerprinting before a license will be issued. This applies only to initial applications — existing dealers renewing their licenses typically do not repeat the process. Factor 2-4 weeks for background check clearance into your dealership launch timeline. Contact WYDOT Motor Vehicle Services at (307) 777-4709 with questions about the fingerprinting process.

No. All four types of Wyoming vehicle dealer licenses require the same $25,000 surety bond. The Form MV-422 application covers all dealer types. While your license type determines which vehicles you can sell and how you operate, the bond amount is uniform at $25,000. The only variable cost is the license fee: $100/year for dealers selling 12+ vehicles (including all manufacturers) and $25/year for lower-volume dealers.

Because Wyoming synchronizes bond and license dates, if your bond expires, your dealer license expires simultaneously. There is no grace period — you cannot legally operate as a dealer without an active bond backing an active license. We send renewal reminders 60 days before expiration so you can renew both in time. Use our bond cost calculator to estimate your renewal premium.

The surety company issuing your bond must be a corporate surety duly licensed to do business within Wyoming. This does not mean the surety must be headquartered in Wyoming — it means the surety must hold a certificate of authority from the Wyoming Department of Insurance. All surety carriers in our network are licensed in Wyoming, so this requirement is handled automatically when you apply through us.