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How much will my $25,000 wholesale motor vehicle dealer bond cost?
Arizona wholesale motor vehicle dealer surety bonds are required by the Arizona Department of Transportation. The cost of this bond is determined by an underwriter, but highly qualified applicants could pay as little as $188. Click here or call 1 (800) 308-4358 to apply for your free bond quote!
Why do I need a wholesale dealer bond?
Arizona wholesale motor vehicle dealer surety bonds are put in place to protect customers from any malpractice of wholesale motor vehicle dealers during the sale of vehicles in the state. This bond ensures that customers are entitled to receive compensation for any damages suffered as the result of a principal (wholesale motor vehicle dealer) engaging in unethical or unlawful business tactics. Some of the laws governing wholesale motor vehicle dealers include:
- requiring wholesale vehicle dealers to have the title to any vehicle they plan to sell
- not advertising the sales of vehicles that aren’t on the premises of the established place of business
- securing manufacturers’ warranties in the name of the purchaser
- giving the purchaser all applications for rebates from the manufacturer
Our team of experts wants to get you bonded for the best price possible! Give us a call today or submit a bond request and one of our surety specialists will provide you with a bond quote in just one business day.
What are the details about wholesale auto dealer bonds?
Arizona wholesale motor vehicle dealer surety bonds are continuous until canceled, and unless the surety or obligee decides to cancel this bond, it will remain in full effect. If the surety does decide to cancel a wholesale dealer bond, 60 days of notice prior to the cancellation date is required.
The form for the Arizona wholesale motor vehicle dealer bond is the same form for the new/used motor vehicle dealer and automotive recycler bonds. When filling out this bond form, make certain that you select the proper business type. If you need to apply for multiple licenses, you must submit a separate bond form for each individual license type.
Our surety specialists will walk you through every step of our clear-cut bonding process! Just give us a call or fill out our online bond request form today to get a free Arizona wholesale motor vehicle dealer bond quote!
How to become a wholesale motor vehicle dealer in Arizona
In the state of Arizona, getting bonded is just the first step to legally being able to act as a wholesale motor vehicle dealer. The Arizona Department of Transportation requires all wholesale vehicle dealers to be licensed.
There are multiple requirements that must be met to obtain the proper license. Below are a few major requirements that you’ll need to meet before you are eligible to be licensed:
- complete a criminal record check
- submit a copy of your fingerprints
- submit a copy of your buy/sell agreement
- have an established place of business
- have set business hours
- acquire and display a business sign
Ready to get an Arizona wholesale motor vehicle dealer surety bond so that you can obtain the appropriate license? Submit a bond request and one of our surety specialists will get you the bond you need as fast as possible, and for the best price!
What is the difference between a wholesale auto dealer and a wholesale auction dealer?
Wholesale auto dealers sell cars to licensed dealerships, not to the general public. Wholesale auction dealers do not buy, sell, or own the vehicles they auction. They simply provide auction services to licensed auto dealers in wholesale transactions. However, both wholesale auto dealers and wholesale auction dealers are required to be licensed and bonded.