A used motor vehicle dealer bond is a type of surety bond that is required for businesses that sell used vehicles. The bond provides a financial guarantee that the dealer will comply with all applicable laws and regulations related to the sale of used vehicles and will handle customer funds responsibly. If the dealer fails to comply with the bond's terms or regulations and causes damage or financial loss, the bond will cover the damages up to the bond amount. Used motor vehicle dealer bonds are often required by state and local governments as a way to protect consumers from fraudulent or unethical business practices within the used vehicle industry and promote financial stability within the community.
The price you'll pay for your $50,000 Used Motor Vehicle Dealer Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $50,000 Used Motor Vehicle Dealer Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
The application process for a $50,000 Used Motor Vehicle Dealer Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Used Motor Vehicle Dealer Bond Application process.
The Alabama Used Motor Vehicle Dealer Bond amount is currently set at $50,000.
An obligee is the entity that is requiring you to have the Used Motor Vehicle Dealer bond.
Obligee: Alabama Department Of Revenue
Street: Po Box 327550
Here are a few state specific bonds.