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Used Motor Vehicle Dealer, Wholesaler, or Auto Auction Bond

Used motor vehicle dealers, wholesalers, and auto auctions. In Arkansas, the definition of a used motor vehicle dealer includes any person who 'brokers' used motor vehicles. Required when: Required as a condition for obtaining or renewing a used motor vehicle dealer license. Exemptions: New motor vehicle dealers selli…

Bond amount$25,000
State or jurisdictionArkansas
ObligeeArkansas State Police

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Amounts can vary

Selected requirement: $25,000. Other available requirements: "Fixed amount of $25,000 per location; however, a dealer with multiple locations may provide a single bond in the penal sum of $100,000 covering all licensed locations.". Exact options still depend on the obligee, state, and underwriting.

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2323 yearsHelping clients and agents
Overview

What it is.

Used motor vehicle dealers, wholesalers, and auto auctions. In Arkansas, the definition of a used motor vehicle dealer includes any person who 'brokers' used motor vehicles. Required when: Required as a condition for obtaining or renewing a used motor vehicle dealer license. Exemptions: New motor vehicle dealers selli…

Who usually needs it

Used motor vehicle dealers, wholesalers, and auto auctions. In Arkansas, the definition of a used motor vehicle dealer includes any person who 'brokers' used motor vehicles.

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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

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Helpful guidance, a real agency team, and a clear path from research to application.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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