What is an Alabama New Motor Vehicle Dealer Bond?
The Alabama New Motor Vehicle Dealer Bond protects consumers from fraud, or misrepresentation by the car dealer. The bond obligates the bonded principal to transfer the good title of each motor vehicle sold and pay all valid bank drafts, including checks drawn for purchase of a new car.
Need an Alabama New Motor Vehicle Dealer Bond ($25,000)?
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Why is the Alabama New Motor Vehicle Dealer Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Have a Alabama Automobile Club Bond ($25,000).
How does an Alabama New Motor Vehicle Dealer Bond work?
Getting an Alabama New Motor Vehicle Dealer Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Need a Alabama Alcohol Tax Bond.
How much does an Alabama New Motor Vehicle Dealer Bond cost?
Alabama New Motor Vehicle Dealer Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get an Alabama New Motor Vehicle Dealer Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. See a Alabama Auctioneer or Apprentice Bond.
How to get your Alabama New Motor Vehicle Dealer Bond?
Would you like to know the first step in getting your Alabama New Motor Vehicle Dealer Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Get a Alabama Manufactured Housing Commission License Bond.