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What is the Surety Bond Requirement for an Alaska Motor Vehicle Dealers?

A happy customer smiles while testing a car at an Alaska motor vehicle dealer

Alaska requires motor vehicle Dealers (also known as a dealership, car dealer or auto dealer), Buyer's Agents, and Motorcycle Dealers to obtain a certicate of registration (license) to operate a business.

Applicants can obtain the application packet for registration from the Alaska Department of Motor Vehicles, 1300 W. Benson Blvd. Ste 300, Anchorage, Ak 99503. The application must be notarized prior to delivery to the state.

Dealerships must be display the Certificate of Registration at the business

Business transaction docments such as contracts, purchase agreements,and advertising records must be maintained.

In addition to the application, applicants must also obtain a surety bond in the following amounts:

Dealerships or Buyer's Agent $50,000 surety bond

Motorcycle Dealerships (that only sell motorcycles) $25,000 surety bond

Boat Dealers are not required to obtain a surety bond.

A Certificate of Registration and the surety bond must be renewed every two (2) years.

What Will This Bond Cost Me?

The premium amount you pay for an Alaska Dealer & Buyer Agent Surety Bond is dependent on credit, the bond amount needed and length of time in the motor vehicle industry. Our Surety Bond Specialists can give you a free, no-obligation quote for the type of bond needed for your business.

Did You Know?

Your certificate of registration must be displayed at your business location.

Related Links:

Alaska Division of Motor Vehicles
Alaska Division of Motor Vehicles: Motor Vehicle Dealer and Fleet Information

Contact SuretyGroup.com

Our Surety Bond Specialists are ready to assist you with your bonding needs.

Phone: 1‑844‑432‑6637
Fax:     404-351-3237
Hours: 8:00-5:00 CST, Monday through Friday

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