1 (844) 589-9732

Arkansas Auto Dealer Bond

The $50,000 surety bond required of auto dealers who sell new vehicles is available for applicants with good credit at $500, annually. Please call AmeriPro Surety Bonds today at 844-589-9732.

Arkansas Auto Dealer Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Auto Dealers – Arkansas

 

 

 

The Arkansas Motor Vehicle Commission regulates the activities and licensing of auto dealers who offer new vehicles for sale.

According to Section 23-112-302 of the state’s statutes, Arkansas new car dealers are required to provide evidence of a $50,000 surety bond as a condition of licensing.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the $50,000 Arkansas auto dealer bond is by means of a surety bond application — which we’ll begin to take from you over the phone — and a standard credit score inquiry. You will be required to sign the application before it can be underwritten.

With your good credit, you will pay just $500 annually for this bond.

Once the bond has been approved and the premium paid, our agency issues this bond to you immediately. At your request, a copy of the surety bond can be emailed to you; however, it is the original bond – which we will sign as Surety and you will sign as Principal — that you will file with the Commission.

 

 

 

Additional Premium Payment Options

 

 

 

At a $500 premium, the Arkansas auto dealer bond for new auto dealers is issued for a one year term. Thereafter a new premium is paid.

Our agency also offers you the option to prepay your auto dealer bond for up to 3 years. Prepayment of the premium will do two things for you:  The first is that it will lengthen the time between renewals; and the second is that you will have a savings over renewing your premium each year.

The premium prepayment options and savings are as follows:

  • If prepaid for 2 years, the premium is $900, a $100 savings;
  • If prepaid for 3 years, the premium is $1300, a $200 savings.

 

 

Purpose of Your Surety Bond Requirement

 

 

 

There are two main purposes to your Arkansas motor vehicle surety bond as outlined by the state’s statutes. These are:

  • That you comply with the provisions of the state’s Motor Vehicle Commission Act;
  • That anyone can be compensated for loss for acts by a licensee which could result in a suspension or revocation of the auto dealer license.

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Arkansas. Our agency also provides surety bonds nationwide.

Please call us today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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