In order to sell motorcycles, mopeds, atvs, and snowmobiles in Oregon you need to get licensed by the state. This can be a lengthy process but this blog will help you navigate the process so that you can get on your way to starting your dealership as quickly and easily as possible.
The Application Package
In this list you will find exactly what you need to become a licensed and bonded motorcycle dealer in Oregon. Without a license or a bond it is illegal for you to sell motorcycles for a profit in the state of Oregon.
Completed Applicationfor Three Year Vehicle Dealer Certificate as a Dealer or Rebuilder of Vehicles
Surety Bond for $2,000
Liability insurance certification, this must be the form given to you by the DMV and have this form stamped by the insurance company.
Education certificate from approved provider or DMV Education Requirements Certificate of Exemption Form
Plate billing list (only if you are renewing)
Once you have completed all these forms, they can be turned into the DMV headquarters in Salem or mailed to this address:
Driver and Motor Vehicle Services Division
1905 Lana Ave NE
Salem, OR 97314
What is a Motorcycle Dealer Bond?
When a dealer obtains a surety bond, they are providing protection for any detriment done by the company/dealer. These wrongdoings can be any person damaged by an misrepresentation or fraud of your services. The bond provides surety in regaining losses in fees, fines, and expenses imposed by state regulators. Also, your buyers will be confident and have peace of mind knowing that the dealer is backed by a third party bonding company.
A motorcycle dealer bond will not allow you to be licensed to sell trailers in Oregon. So if you are intending to sell trailers along with your various sportscraft, you should consider purchasing an Oregon Motor Vehicle Dealer bond instead.
Surety Solutions, LLC. writes Oregon Motorcycle Dealer bonds. We always work to get the best quote for you. We sell bonds in every state and have the network and expertise to help you get the best price for your bond, so you’ll have one less thing to worry about in your when you are starting your own dealership. Sometimes a bond amount will change because of your personal application and credentials.