Colorado Used Motor Vehicle Dealers are required under the Colorado Revised Statutes Section 12-6-512(1) to file a Colorado Motor Vehicle Dealer Bond as a condition of licensure.
Bonds Express offers a Colorado 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 Colorado Motor Vehicle Dealer (Powersports, Wholesaler, Wholesale Auction Dealer) Bond holds you accountable for your business decisions.
By possessing a Colorado Motor Vehicle Dealer (Powersports, Wholesaler, Wholesale Auction Dealer) Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.