If you are engaged as a motor vehicle dealer in Oregon you are required under section 822.030(2) of the Oregon Revised Statutes to file an Oregon Motor Vehicle Dealer Bond as a condition of licensure.
Oregon no longer has a separate bond requirement for dealers who are exclusively engaged in the sale of motorcycles, mopeds, snowmobiles, and ATVs, now requiring the $50,000 Motor Vehicle Dealer bond for all vehicle dealers.
Bonds Express offers an Oregon Motor Vehicle Dealer Bond with a 99% approval rate.
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 Oregon Motor Vehicle Dealer Bond holds you accountable for your business decisions.
By possessing an Oregon 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.