Effective October 1, 2020 the Alabama Department of Revenue’s Motor Vehicle Division will consolidate their new, used, wholesale and rebuilder licenses into a Master Dealer License. The bond amount will be increased from $25,000 to $50,000.
The Alabama Used Motor Vehicle Dealer Bond is required by the Department of Revenue, Motor Vehicle Division. The bond states that the bondholder shall conduct their business in full compliance with the Code of Alabama 19.7.5. In addition, it helps ensure that a car dealership follows all federal, state, and local laws that pertain to Motor Vehicles. As well as, tax guidelines.
Who needs to get the bond?
Any person, firm or corporation must obtain a license to conduct business as a used motor vehicle dealer. The Used Motor Vehicle Dealer bond is one of the licensing requirements. A used motor vehicle dealer is defined as those who engage in the business of buying, selling, exchanging, advertising, or negotiating the sale of five or more motor vehicles for retail in one calendar year.
Where can I get an Alabama Used Motor Vehicle Dealer Bond?
Surety1 can easily get you the bond you need. You can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1, an AssuredPartners agency, is located in Rancho Cordova, California. Since 2003, Surety1 has been the premier online provider of surety bonds nationwide. Surety1 is licensed in all 50 states and maintains an A+ rating by the Better Business Bureau .
How to Get Your Alabama Used Motor Vehicle Dealer Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.