Arkansas Car Dealer License Guide
Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all of your Arkansas auto dealer bond needs. Learn how to get an Arkansas car dealer license, and contact us today to request a quote on the bond you need. What Are the Different Types of Arkansas Auto Dealer Licenses? In Arkansas, anyone selling more than five vehicles in a 12-month span is required to be licensed as a dealer. The Arkansas Motor Vehicle Commission issues licenses to retailers selling new motor vehicles as franchise dealers. The Arkansas State Police handles the licensing of wholesalers and dealers who sell used motor vehicles. This article focuses on the licensing of used car dealers. What Are the Steps in the Licensing Process? This article focuses on the licensing of used car dealers. Key steps in that process include: Purchasing an auto dealer bond in the amount of $25,000 Purchasing a liability insurance to cover all vehicles offered for sale Taking photographs of the dealership location and signage Downloading and completing the license application Gathering any other documentation...
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