If you are engaged as a Motorcycle, Scooter or ATV Dealer in the State of Arizona, you are required by the Arizona Motor Vehicle Division to execute an Arizona Motorcycle, Scooter and ATV Dealer Bond in to ensure compliance with the Arizona Revised Statutes Title 28, Chapter 10, Article 3.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Arizona Motorcycle, Scooter and ATV Dealer Bond holds you accountable for your business decisions.
By possessing an Arizona Motorcycle, Scooter and ATV Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.