A motor vehicle dealer bond is required by the State of Arizona as a prerequisite to become a licensed motor vehicle dealer in Arizona.
A motor vehicle dealer bond is required by the State of Arizona as a prerequisite to obtain a motor vehicle dealer license in Arizona.
A separate original bond is required for each application and county in which the licensee has an established place of business. The bond is continuous and can only be canceled upon 60 days of written notice provided by the bonding company to the Arizona Dealer Licensing Unit.
Applicants for a motor vehicle dealer license are required by the State of Arizona to obtain a bond.
The surety bond amount required depends on the type of dealer applying for a motor vehicle dealer license.
A $100,000 surety bond is required for all new motor vehicle dealers, used motor vehicle dealers, and public consignment auction dealers applying for an Arizona motor vehicle dealer license.
A $25,000 surety bond is required for all brokers, wholesale auto auction dealers, and wholesale motor vehicle dealers applying for an Arizona motor vehicle dealer license.
The bond must be a surety bond executed by a bonding company authorized to do business in Arizona.
Colonial offers the direct and digital way to obtain an Arizona motor vehicle dealer bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are simple — get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!
An Arizona motor vehicle dealer bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable government agency.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain an Arizona motor vehicle dealer bond when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.