Arizona Motor Vehicle Dealer & Recycler Surety Bonds
The Arizona Department of Transportation (also known as the ADOT), Department of Dealer Services and Licensing require motor vehicle dealers to obtain a license to conduct business. Motor vehicle dealers that need to have a license includes: New and Used Dealers (also known as a car dealer or auto dealer), wholesale dealer, broker, public consignment auction, wholesale auction dealer, and automotive recycler.
Applicants must complete the dealer license application that includes: a list of products that includes a letter of authorization or distribution from the manufacturer for new dealers, provide photos of business signage, lot, hours of operation, and office, the ability to pass a criminal background check, pay applicable license and dealer plate fees, provide copies of buy and/or sell agreements, and obtain a surety bond. Licenses and surety bonds renew annually.
Surety Bond Requirements:
- New Dealers Used Dealers, Public Consignment Auction Dealer $100,000 surety bond
- Broker, Wholesale Auto Auction Dealer, Wholesale Motor Vehicle Dealer $25,000 surety bond
- Automotive Recycler $20,000 surety bond
Surety Bonds are Required for:
New Motor Vehicle Dealers
Used Motor Vehicle Dealers
Automotive Recyclers
Brokers
Public Consignment Auction Dealers
Wholesale Auto Auction Dealers
Wholesale Motor Vehicle Dealers
How Much Will an Arizona Motor Vehicle Dealer Bond Cost?
The premium that you pay for an Arizona Motor Vehicle Dealer Surety Bond is dependent on credit, bond amount needed and experience in the motor vehicle industry. Our rates start at 1% of the bond amount with good credit. Let our Surety Bond Specialists help you get bonded. Call for a free, no-obligation quote.
Related Links:
Arizona Dealer Licensing InformationArizona Dealer Licensing Forms
Arizona Manufactured and Mobile Home Bond
More Surety Bond Questions?
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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