Bond Term: 1 year, continuous unless canceled
Obligee: Arizona Department of Transportation, Motor Vehicle Division
The Arizona Motor Vehicle Dealer Bond is required by the Arizona Revised Statute, Title 28-4362, Chapter 10. The ADOT handles all motor vehicle dealers licensing and application needs and regulates the industry.
No, there is more than one type of bond. Unlike states such as Alabama that only have one bond amount for all classes of dealers, Arizona has three unique bonds for different classes of dealers. The least popular bond is the $20,000 bond for auto parts recyclers. There is also a $25,000 bond for wholesalers. Every other type of auto dealer (used, new) requires a $100,000 bond.
It is very easy to obtain an Arizona Motor Vehicle Dealer Bond from SuretyNow.com. All you need to do is clicking on the quote button above to be redirected to our input flow and provide the following information:
Note that a social security number is required for a soft credit pull. This requirement is consistent for all bonding companies across the United States.
Wholesalers are those motor vehicle dealers who work exclusively with other licensed dealers. Licensed dealers typically are sophisticated individuals with experience in cars. They understand the process of selling and buying cars so they are less prone to be conned by another dealer. Therefore, there is no need for a large bond amount since the risk is much lower.
One of the most common questions asked is what are the most important determinants of the bond price. There are many but the top ones are listed below:
A bond claim can be made if the following happens:
To avoid the claim on the bond, please do the following:
Yes, but a 60 day written notice to the Director of the Arizona Department of Transportation needs to be made.
Applicant should mail the completed bond form with Power of Attorney to the following address
Mail Drop 552M
PO Box 2100
Phoenix AZ 85001-21000
Step 1: Decide on a License Type among the following
Step 2: Decide on a business structure and form your business
Step 3: Register Your Business
Step 4: Sign up for an account on ADOT Force
Step 5: Establish a business location
Step 6:Obtain an Arizona Auto Dealer Bond
Step 7: Apply for the Transaction Privilege Tax License
Step 8: Get Your Fingerprint and Pass Background Checks
Step 9: Complete and Submit Your License Application