Alaska Auto Dealer License Guide 2025

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2 thoughts on “Alaska Auto Dealer License Guide 2025

  1. can someone explain to me what 50000 bond is for? do we have to pay that or what im confused someone please send me an email explaining all of this please. i am so confused looking for a mentor.

    1. Yes, I’m glad to help! The Alaska auto dealer bond is a type of surety bond required for dealers to obtain a license. It serves as a financial guarantee that you will comply with all state regulations set by the Department of Motor Vehicles (DMV). Unlike insurance, this bond protects consumers by ensuring your business operates ethically and within the law.

      If a valid claim is made against your bond, the surety company will cover the damages—up to the bond amount—but you, as the dealer, must reimburse the surety later. In Alaska, the required bond amount is $50,000. However, this is the maximum payout for claims, not the upfront cost of getting bonded. Dealers only pay a premium, which is a small percentage of the bond amount, every two years. The cost of this premium primarily depends on your personal credit score. Generally, applicants with a FICO score of 650 or higher can expect to pay around 3% of the bond amount.

      For more details, check out our Alaska Auto Dealer Bond Guide or reach us at 866.450.3412. You can also learn more about how surety bonds work and how bond costs are determined.

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