Auto brokers license arizona

If you would rather deliver the bond to ADOT yourself, you can opt to do so during checkout. The original bond and any other license requirements can be mailed to the following address:. With Jet, you can! If you elect to cancel your bond, you will need to notify Jet in writing. During this day period, the obligation to ADOT still stands and you and Jet are still responsible for any claims. Dealers who have paid for an annual term for the bond may receive a prorated refund, based on the time remaining.

Jet will calculate the unearned premium beyond the 60 days noted above , and the remainder will be refunded to you. Monthly payments subscribers will continue to be charged the monthly rate during this time, until cancellation is complete, at which point, payments will cease. For dealers who have opted to pay for the bond monthly, renewal is not necessary. As long as your payments continue, the bond will remain in force with ADOT without any effort.

For those paying for the bond annually, simply pay the renewal premium before the renewal date of your bond. Jet will remind you of the renewal well in advance so you can either renew online or through the mail.

Auto dealers in Arizona can avoid claims against their license bond by selling vehicles in accordance with the Arizona Revised Statutes Section According to the statute, this specifically means that auto dealers must:. How a dealer runs their business can effectively neutralize any issue with the Arizona Department of Transportation.

Ensuring the dealership obtains clean title before selling a car is a no brainer step. Keeping good records and utilizing an efficient process, why not? Paying government taxes and fees, that is about as unavoidable as the only other guarantee in life so might as well. If a consumer files a complaint with ADOT, the Department will launch an investigation and ask you for any applicable records and evidence to come to your defense.

Best to provide all evidence and be compliant with the regulator demands should there be any mitigation measures taken. If you receive a claim against your bond, please notify Jet immediately. We will guide you through the process. If the claim is coming through the ADOT following their own investigation, there may be little Jet can do, however, we will do our diligence and perforate any bureaucratic obtuseness to get the claim dropped. If the claim is found valid, Jet is obligated to compensate the injured party up to the full limit of the bond.

As the financial guarantor, Jet Insurance Company acts as a line of credit for the auto dealer, payable to ADOT, but the dealer is still responsible for their actions that resulted in the claim.

As such, the dealer is required to reimburse Jet for any payments made on their behalf. Asset 5 Jet Insurance Company Arizona Auto Dealer Bond. Notary Bond Application: X. Business Information:. I agree to the terms above. Employee Dishonesty Bond Application: X. No Yes. Prior Dishonesty Loss? Arizona makes available—and requires, depending on your situation—several motor vehicle dealer licenses:. You'll mark which license you're applying for on the application; both the application and ADOT provide explanations of each license type.

Also, ADOT recommends contacting the following departments if you have any questions about which license you need:. Refer to the state's Dealer Services and Licensing for a more detailed process overview and further information about licensing, additional dealer forms, and more. Refer to the Arizona Department of Revenue DOR licensing guide about obtaining a business license to operate your business, including information about taxes.

After your application has been filed, you will be billed for later payments of any applicable fee among the following:. Types of Dealer Licenses in Arizona Arizona makes available—and requires, depending on your situation—several motor vehicle dealer licenses: New Car Dealer. Used Car Dealer. A person—other than a new car dealer—who sells or negotiates the sale, buys, exchanges, or auctions 7 vehicles or more in 12 months.

Public Consignment Auction Dealer. Wholesale Dealer. Wholesale Auction Dealer. Auto Recycler. Also, ADOT recommends contacting the following departments if you have any questions about which license you need: Car Dealer Licensing :