Alabama Used Motor Vehicle Dealer License Surety Bond
Who is required to obtain a Used Motor Vehicle Dealer License Bond?
As of August 1, 2014 the Alabama Departent of Revenue has changed the requirement for all Motor Vehicle licenses to now be known as a Dealer Regulatory License and it encompasses all new and used motor vehicle dealers, wholesale dealers, reconditioners and rebuilders. Licensees must post a $25,000 Dealer Regulatory License bond as part of the licensing requirements.
By definition a Used motor vehicle dealer is any person, firm, or corporation engaged in buying, selling, exchanging, advertising, or negotiating the sale of five or more motor vehicles for retail sale during any calendar year, whether or not the motor vehicles are owned by such person, firm, or corporation, or in offering or displaying motor vehicles for sale at retail to the public. The term "selling" or "sale" shall be inclusive of lease-purchase transactions.
Other licenses that require a Dealer Regulatory License Surety Bond:
$25,000 New/Franchised Motor Vehicle Dealer License Bond
$25,000 Motor Vehicle Wholesaler License Bond
$25,000 Motor Vehicle Rebuilder License Bond
$25,000 Motor Vehicle Reconditioner Bond
$25,000 Automotive Dismantler and Parts Recycler License Bond
Can I Get a Used Motor Vehicle Dealer License Bond with Bad Credit?
We can issue Motor Vehicle Dealer Surety Bonds for 99% of the applicants no matter what their credit report looks like! We have the best surety companies and the most effecient Bad Credit Surety Bond rates to get your bond issued.
Get your Alabama (AL) Used Motor Vehicle Dealer License Surety Bond Today!