Any person who sells five or more motor vehicles in Alaska in a 12-month period, including new and used car dealers, motorcycle dealers, and buyer's agents. Required when: Application for motor vehicle dealer registration or renewal. Exemptions: Boat dealers are not required to be bonded.
Overview
What it is.
Any person who sells five or more motor vehicles in Alaska in a 12-month period, including new and used car dealers, motorcycle dealers, and buyer's agents. Required when: Application for motor vehicle dealer registration or renewal. Exemptions: Boat dealers are not required to be bonded.
Who usually needs it
Any person who sells five or more motor vehicles in Alaska in a 12-month period, including new and used car dealers, motorcycle dealers, and buyer's agents.
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.
StateAKBond amount$100,000Term lengthContinuousObligeeAlaska Department of Administration, Division of Motor VehiclesRenewalThe bond is continuous and remains in effect until cancelled by the surety. While the bond is continuous, the dealer registration itself must be renewed biennially with the DMV.Bond classLicense BondCategoryMotor VehicleBondMotor Vehicle Dealer's/Buyer's Agent Surety BondStatutory referenceAS 08.66.060JurisdictionState
