The Alabama Auto Dealer Bond expires on September 30, 2012, which is just a couple of days away. A surety bond is required before one can receive a car dealer's license. This bond protects customers, sellers, and governmental agencies, and will help in recovering any losses that may occur due to unethical business practices or fraud. The Surety Group's Alabama Auto Dealer Bond Program is for automotive businesses that sell new and used cars both retail and wholesale as well as those that recondition, recycle, rebuild and dismantle vehicles. The required bond amount is $25,000 for new car dealers and $10,000 for used car dealers.

With our easy, one page application and fast approval, you can have you Alabama Car Dealer Bond tomorrow. If you are unsure about the requirements or how to apply for an Alabama Motor Vehicle Bond, please call us at 800-486-8211.

 

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An Auto Dealer Bond is required by most states. Also called an MVD Bond, it ensures that all motor vehicle dealers operate according to the guidelines set forth by the state in which they operate. It protects the public from any wrongful actions on the part of a dealer. This auto sales bond specifically guarantees compliance with state law, payment of taxes, and in some cases, payment of judgments. The fund amount varies by state and can have a range of different requirements. Motor vehicle dealer bonds are also required for dealers of other types of vehicles, including mobile homes, recreational vehicles, and motorcycle dealers.  

We have special bond programs available for car dealers, including those with bad credit.  Apply for an Auto Dealer Bond online now. 

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To become a licensed Motor Vehicle Dealer in the state of Florida, you need to do the following:

1. Complete a Florida vehicle dealer license application.
2. Apply for a $25,000 Florida Vehicle Dealer Surety Bond. Apply Here. 
3. Obtain the necessary insurance.
4. Have proof of ownership of your Florida dealership.
5. Proof that you have the necessary Florida vehicle dealer training.
6. Provide fingerprints.
7. Submit other necessary documents required by the Florida DMV.

You may get a better rate working with a surety agent versus an insurance agent because they specialize in underwriting surety bonds. If you have bad credit, finding a surety agency that works with a large group of sureties may help you get approved. If you need a bond quickly, find a surety agency that has in-house authority. This means that they can approve your bond without sending it to a surety to review and approve. The Surety Group has in-house underwriting authority and works with dozens of sureties. We can take your application by phone at 800-486-8211. You will speak directly to a bond agent. In many cases, we can approve a bond in  minutes.

Need a Surety Bond? Apply Now, Click Here.
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The first step in applying for a mortgage broker bond is understanding the licensing requirements of the state in which you will operate.

• Most states require yearly continuing education and charge a licensing fee.
• Some states require a mortgage broker bond to be posted in order for a broker to qualify for a license.
• The surety posting the bond must be licensed in that specific state.

You may get a better rate working with a surety agent versus an insurance agent because they specialize in underwriting surety bonds. If you have bad credit, finding a surety agency that works with a large group of sureties may help you get approved. If you need a bond quickly, find a surety agency that has in-house authority. This means that they can approve your bond without sending it to a surety to review and approve. The Surety Group has in-house underwriting authority and works with dozens of sureties.

Need a Surety Bond? Apply Now, Click Here.
Need Surety Bond Info? Get a Free Quote, Click Here