This bond is required for anyone who wants to sell new cars in Arkansas. It protects consumers and the state from dishonest business practices, like a dealer taking your money but never delivering your vehicle or lying about a car's condition. The bond amount varies depending on your specific situation. If a dealer br…
Overview
What it is.
This bond is required for anyone who wants to sell new cars in Arkansas. It protects consumers and the state from dishonest business practices, like a dealer taking your money but never delivering your vehicle or lying about a car's condition. The bond amount varies depending on your specific situation. If a dealer br…
Who usually needs it
New motor vehicle dealers (franchise dealers) who sell new vehicles directly to consumers in Arkansas need this $50,000 surety bond as part of obtaining their dealer's license. This applies to businesses or individuals selling 5 or more new vehicles in a 12-month period and is required to guarantee compliance with Arkansas laws, ethical business conduct, an…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateARBond amountVaries by license type or projectObligeeState of ArkansasBond classLicense BondCategoryMotor VehicleBondArkansas Motor Vehicle Dealer Bond (New)JurisdictionStatePlain descriptionThis bond is required for anyone who wants to sell new cars in Arkansas. It protects consumers and the state from dishonest business practices, like a dealer taking your money but never delivering your vehicle or lying …Who needs this bondNew motor vehicle dealers (franchise dealers) who sell new vehicles directly to consumers in Arkansas need this $50,000 surety bond as part of obtaining their dealer's license. This applies to businesses or individuals …
