What is an Arizona Automotive Recycler Bond?

Arizona automotive recycler bond

An Arizona Automotive Recycler Bond is a strong guarantee that the recycler follows all guidelines, decrees, and protocols stipulated in the Arizona Revised Statutes, Title 28, Chapter 10. Some infringements of the law related to this bond include – 1) publicizing of incorrect rates and nonexistent services, 2) failure to keep current records/documentation, 3) having no secure site of the business, and 4) having the knowledge and conducting business transactions that involved stolen vehicles or parts.

The principal of this bond is called the Automotive Recycler, an individual who is engaged in the trade of purchasing or obtaining a motor vehicle exclusively to disassemble, sell or dispose of parts or accessories and who dismantles 6 or more vehicles in a calendar year

 

Why do you need the Arizona Automotive Recycler Bond?

You need an Arizona Automotive Recycler Bond because you care for your business and you want to protect it. As the bond will add status to your name, your company will be known as a trustworthy automotive recycler enterprise. The bond can also make your business look very attractive to customers because they will naturally want to hire the services of an automotive recycler whom they can trust.

 

More details about the Arizona Automotive Recycler Bond

Before getting bonded, automotive recyclers in Arizona must be authorized and qualified to conduct their automotive recycling operations legitimately. The following requirements need to be complied with together with the completion of the license application: 1) a criminal record verification; 2) a certified copy of fingerprinting results; 3) purchase/selling contract; 4) and evidence of a reputable place of business.

 

What is the cost of an Automotive Recycler Bond?

The bond premium is reliant on your previous financial transactions and your credit score. Such premium amount can also be influenced by your past business performance, personal profile, standing within the business community most especially in the surety bond industry. Being convicted of a crime even if it happened decades ago, also matters in the determination of how much you should pay. If you have problematic transactions in the past, you may be required to pay a higher premium.

 

How do I get an Automotive Recycler Bond?

Getting a bond is simple. However, be sure to contact only certified professionals in the field of surety. Give Surety Bond Authority specialists a call now!  Check out our FAQ to get your surety bond questions answered.  With Surety Bond Authority taking care of your business affairs, you will have the answers you need and the solution to whatever concerns you have in protecting your business.

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