Arkansas Auto Dealer Bonds, and More

Arkansas auto dealer bonds are required to obtain a license to sell motor vehicles in the state. Learn more about these bonds and find the best rates online.
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Arkansas Auto Dealer Bonds, and More

State of Arkansas New Motorcycle, ATV, Scooter, Utility Vehicle or Lessor Bond

State of Arkansas New Motorcycle, ATV, Scooter, Utility Vehicle or Lessor Bond

The Arkansas New Motorcycle, ATV, Scooter, Utility Vehicle or Lessor Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
AR
Bond Terms
State of Arkansas
Bond Premium
Bond Amount:
$25,000
Bond Duration
Bond Term:
12 months
Months
State of Arkansas New Motor Vehicle Dealer Bond

State of Arkansas New Motor Vehicle Dealer Bond

The Arkansas New Motor Vehicle Dealer Bond starts at $500 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
AR
Bond Terms
State of Arkansas
Bond Premium
Bond Amount:
$50,000
Bond Duration
Bond Term:
12 months
Months
State of Arkansas New Motor Vehicle Dealer Branch Location for Used Vehicles Bond

State of Arkansas New Motor Vehicle Dealer Branch Location for Used Vehicles Bond

The Arkansas New Motor Vehicle Dealer Branch Location for Used Vehicles Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
AR
Bond Terms
State of Arkansas
Bond Premium
Bond Amount:
$25,000
Bond Duration
Bond Term:
12 months
Months
State of Arkansas Used Motor Vehicle Dealer, Wholesaler, or Auto Auction Bond

State of Arkansas Used Motor Vehicle Dealer, Wholesaler, or Auto Auction Bond

The Arkansas Used Motor Vehicle Dealer, Wholesaler, or Auto Auction Bond starts at $250 plus shipping costs and fees. Fill out the form to buy your bond instantly!

Bond State
AR
Bond Terms
State of Arkansas
Bond Premium
Bond Amount:
$25,000
Bond Duration
Bond Term:
12 months
Months

How much does an auto dealer bond cost in Arkansas?

Auto dealer surety bonds (also called motor vehicle dealer bonds) are mandated by the Arkansas Motor Vehicle Commission as part of the licensing requirements for dealerships to conduct business in the state. The Motor Vehicle Commission sets the total bond amount based on the type of dealership:

  • $25,000 bonds for used motor vehicle dealers, wholesalers, and auto auction dealers
  • $50,000 bonds for new vehicle dealers

The surety company determines your premium rate, which is the percentage of the total bond amount you pay as the premium. Premium rates for Arkansas auto dealer bonds typically cost between 1% and 3% of the total bond amount.

During the application process, the surety company evaluates your personal credit, financial statements, industry experience, and licensing history. Applicants with good credit generally receive the lowest rates, however, bad credit will not prevent you from securing an Arkansas auto dealer bond. EZSurety still offers competitive rates to individuals with low credit scores or other financial issues.

Below are the lowest premiums EZ Surety has issued for auto dealer surety bonds in the State of Arkansas.

  • EZ Surety has issued used car dealer bonds for premiums as low as $245.
  • EZ Surety has issued new motor vehicle bonds for premiums as low as $500.

Why are auto dealer bonds important in Arkansas?

Arkansas auto dealer bonds provide protection for customers, creditors, and the state government. When an Arkansas motor vehicle dealer posts a surety bond, they provide a guarantee to the bond’s Obligee (the Arkansas Motor Vehicle Commission) that they will conduct business in compliance with the conditions listed in Arkansas Code Annotated §23-112-601, Used Motor Vehicle Buyers Protection.

If the auto dealer fails to comply with the code, the surety company will pay out financial losses to damaged parties up to the full bond amount. The auto dealer is liable to reimburse the surety for any damages paid under the bond.

How to get your auto dealer license in Arkansas

To obtain your motor vehicle dealer license in Arkansas, you must meet the Arkansas Motor Vehicle Commission licensing requirements by completing the following steps:

  • Submit a license application to the Arkansas Department of State Police
  • Provide a photograph of the place of business
  • Post the appropriate surety bond
  • Provide proof of liability insurance
  • Submit an affidavit from the Arkansas State Police

Arkansas motor vehicle dealer licenses are valid for one year from the date they are issued. Used auto dealers must submit an application with the $250 license fee to renew their license each year.

How to Know if You Need a Surety Bond

You’ll know if you need a surety bond because some entity will have required you to obtain one. They must also inform you of which specific bond type you’ll need. There are thousands of bonds across the country, all of which vary by state and industry.

Visit EZSuretyBonds.com to browse hundreds of bonds by state, type, or industry.

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