Alabama auto dealer surety bonds will expire on September 30, 2012, which is less than 90 days away. The Alabama Department of Revenue requires dealers to obtain an Alabama auto dealer surety bond before they can apply for or renew a motor vehicle dealer license. Auto dealers who sell new vehicles in Alabama need $25,000 worth of coverage, and auto dealers who sell used vehicles in Alabama need $10,000 worth of coverage. The bond’s financial guarantee ensures that auto dealers will conduct business ethically and in accordance with state laws.
The surety specialists at SuretyBonds.com can underwrite Alabama auto dealer surety bonds for just $100. Because SuretyBonds.com works with so many markets, having a high credit score is not a requirement for purchasing an auto dealer bond. Simply contact a surety specialist online or by phone at 1 (800) 308-4358 to get bonded quickly for a highly competitive rate — regardless of credit.
To ensure that your motor vehicle dealer license remains valid, renew your Alabama auto dealer bond before September 30. Once you’ve paid for your bond and the paperwork has been drawn up, SuretyBonds.com will mail your bond to you. If needed, you can choose expedited shipping and have the original bond form in your hands within 24 hours.