Alabama MVD Bond is also known as a Alabama Auto Dealer Bond. Auto dealers in this state Are required to obtain a $10,000 MVD bond If you are selling Used cars. A $10,000 bond is required also if you are a rebuilder, re conditioners and wholesaler. If you are a dealer that will be selling New Cars A $25,000 Surety bond is required. The Surety Bond expires September 30th of every year. For more information in regards to MVD bonds contact the Alabama Revenue Sales Tax Department. A MVD bond is similar to applying for a loan the surety will review your credit as well as your financial to determine surety credit.
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