1 (844) 589-9732

The $25,000 Arkansas used auto dealer bond (the same applies to auto wholesalers and auto auctioneers) will pay $375 annually upon approved credit. Please call AmeriPro Surety Bonds today at 844-589-9732.

Arkansas Used Car Dealer Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Used Car Dealers – Arkansas

 

 

 

In Arkansas, used car dealers are regulated by the Arkansas State Police.  A prerequisite for licensing is that a used car dealership obtain a $25,000 surety bond, which is offered to you by our agency.

What applies here is also applicable to Arkansas auto wholesalers and Arkansas auto auction companies.

 

 

 

Qualifying and the Premium

 

 

 

To qualify for the $25,000 Arkansas used car dealer bond, an applicant will complete an application – which we can take from you over the phone — and be subject to a credit score inquiry.

Applicants will need to have good credit to be approved.

As part o the application process, you will be asked:

  • If you have any judgments or lawsuits;
  • Whether you have had a bond canceled or denied;
  • Whether or not you have any items in collections or any liens.

If you are approved for this bond, the premium for your $25,000 surety bond will be $375. Once approved and paid for, the bond will be mailed to you by the same or the following business day.

Once received, you will need to sign your original surety bond as Principal and have it filed with the Arkansas State Police.

 

 

 

Bond Term or Duration

 

 

 

Your Arkansas used car dealer bond is issued for one year. As stated within Arkansas’ statutes, an active surety bond must always be on file in order to operate as a dealership.

Your used auto dealership surety bond renews on an annual basis.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

This bond serves as a financial guarantee of your dealership’s compliance with the Arkansas Code Annotated 23-112-601.  In a more general sense, the bond protects the state and any consumers from acts of fraud, theft, or malfeasance caused by a license and bonded used auto dealership.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety 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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