Colorado Used Auto Dealer Bond Requirement
In Colorado, SB 249 requires businesses selling used motor vehicles to be licensed and to post the $50,000 bond now required for motor vehicle dealers. A business must be licensed if the sale of the used vehicles did not exceed 20% of the business’s gross revenue and the vehicles meet the criteria concerning the ownership status and history of the vehicle’s use.
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If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online. We are the nation’s largest volume bond producer, and provide the lowest rates in the industry.