Motor Vehicle Dealers - New or New and Used Vehicles
Overview
What it is.
Motor Vehicle Dealers - New or New and Used Vehicles
Who usually needs it
New motor vehicle dealers (also called franchise dealers) in Arkansas who sell newly manufactured vehicles must obtain this $50,000 surety bond. Under Arkansas Code 23-112-607, this applies to anyone who sells or offers to sell motor vehicles after offering at least five vehicles for sale in the last 12 months.
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 amount$50,000ObligeeState of ArkansasBond classLicense BondCategoryOtherBondNew Motor Vehicle DealerPlain descriptionMotor Vehicle Dealers - New or New and Used VehiclesWho needs this bondNew motor vehicle dealers (also called franchise dealers) in Arkansas who sell newly manufactured vehicles must obtain this $50,000 surety bond. Under Arkansas Code 23-112-607, this applies to anyone who sells or offers…
