How does a bonded title work in Arizona?
An Arizona Bonded Title is just like a regular title. It proves you own your vehicle and allows you to sell, insure, and register your car. An Arizona Bonded Title looks just like a regular title but it is has a “bonded” title brand. Having a bonded title brand means the title has a surety bond attached to it.
How much does a bonded title cost in AZ?
How much will my certificate of title bond cost?
| Bond Type | Bond Amount | Cost* |
|---|---|---|
| Up to $5,000 Certificate of Title Bond 3-year term | Up to $5,000 | $100 |
| $5,001-$25,000 Certificate of Title Bond 3-year term | $5,001-$25,000 | $100+ |
| $25,001+ Certificate of Title Bond 3-year term | $25,001+ | Subject to Underwriting |
Can you register a car in Arizona without a title?
An Arizona resident who does not have complete documentation for issuance of a title or registration may apply for a 90-day registration. This registration allows operation of the vehicle while obtaining additional documentation. It may be purchased at any MVD or Authorized Third Party provider. The fee is $15.
How do I get a surety bond in Arizona?
How to Get an Arizona Surety Bond
- Apply For Your Bond. You begin by completing our short online application.
- Get a Bond Rate. When we receive your application, we use our network of surety partners to find the best possible rate for you.
- Buy Your Bond.
Does a bill of sale need to be notarized in Arizona?
We recommend that the seller complete and sign an Arizona Bill of Sale, and have it notarized. This can help prevent issues when the buyer comes in to complete the title transfer process, and provides the information needed for the seller to file a vehicle sold notice with MVD.
How do you get licensed and bonded in Arizona?
Complete and pass the Arizona Trade and Business Management Exams. Obtain a FEIN also known as a Federal Tax ID Number. Obtain your Arizona Contractor License Bond. Submit the state application along with the required backup documentation and required fee for your application and license.
How much is a surety bond in Arizona?
Qualified applicants must complete an application form, submit a $5,000 surety bond, and pay a $25 application fee and $18 notary bond filing fee. Arizona notary surety bonds are issued for four-year terms and must be submitted to the Secretary of State within 30 days of issuance.
Can you register a car with a bill of sale and no title in Arizona?
If you’re applying for a bonded title in Arizona, you won’t have a previous title for the car, but you may have a bill of sale or other documentation from the vehicle’s previous owner. It’s best to bring these documents with you to the MVD or Authorized Third Party office.
Do I need a bill of sale if I have the title in Arizona?
1. Arizona Vehicle Bill of Sale. Arizona law does not require a vehicle bill of sale, which is a legal contract that serves as proof that vehicle ownership has been transferred in a private sale.
Is a bonded title bad?
Whoever originally got the bonded title remains liabile for any bond claims. The downside of selling a car with a Bonded Title is that some people may choose to not buy under these circumstances since they won’t have a clear title right away. But most people will certainly not buy a car if it has no title at all.