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Arkansas New Motor Vehicle Dealer Bond

How much does a new auto dealer bond cost in Arkansas?

New motor vehicle dealers must post a $50,000 surety bond to become licensed. The premium you’ll pay for your bond is subject to underwriting, which means that the cost of your bond is based on your credit report. No matter your score, our account managers will work on getting your bond for as little as possible.

To get your free, personalized bond quote fast, give us a call at 1 (800) 308-4358, or contact us online now.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
New Vehicle Dealer Bond $50,000 Starts at $500 $500-4,000 $4,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Ready for your no-obligation quote? Complete a bond request form and one of our bond specialists will contact you to provide you with a free, personalized bond quote.

Why do I need this bond?

New vehicle dealer bonds protect indivdiuals who experience financial loss due to a dealer’s poor business practices. These bonds also ensure that the principal faithfully complies with all requirements stated in the A.C.A. Section 23-112-101. Violations under this Act include, but are not limited to:

  • practicing fraud or misstating information on a license application
  • failing to comply with any rules promulgated by the Commission
  • failing to maintain license qualifications
  • assisting an unlicensed person in a motor vehicle sale
  • altering a certificate of title

For more information on new vehicle dealer bonds in Arkansas, contact an expert surety specialist online now. Our team will walk you through our simple bond process step-by-step.

What’s the fine print?

These bonds will remain in full effect unless otherwise canceled. If the bond is to be canceled, the surety must file a written cancellation notice with the Arkansas Motor Vehicle Commission 30 days prior to the termination date.

How to become a new motor vehicle dealer in Arkansas

New vehicle dealers must submit the following materials with their license application:

  • copy of a signed dealer agreement
  • notarized initial affidavit
  • $50,000 surety bond
  • proof of liability coverage
  • color photos of lot & sign, showroom, and parts & services
  • contact information sheet
  • general and sales manager, sales personnel and F&I personnel license
  • $100 application fee

Detailed licensing application information can be accessed in the “Important Links” section below.

New motor vehicle dealer licenses expire December 31.

If you’re ready to get your auto dealer license in Arkansas, contact a surety bond expert to get bonded.

Ready to get started?

Get a FREE New Motor Vehicle Dealer Bond Quote Today!

Arkansas State Police Used Motor Vehicle Dealer License

Arkansas Motor Vehicle Commission

Arkansas Motor Vehicle Commission Forms & Publications

Arkansas Motor Vehicle Commission 2014 Initial Application

Arkansas Motor Vehicle Commission AMVC Laws & Rules

Arkansas Motor Vehicle Commission 2014 Renewal Application

Subchapter 3 License and Regulation

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