A Georgia Motor Vehicle Dealer Bond is a type of surety bond required by the Georgia State Board for the Registration for any individual or business operating as a used vehicle dealer. The required amount is $35,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.
How to Get a Georgia Motor Vehicle Dealer Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Georgia Used Motor Vehicle Dealer Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
About Surety1.com
Contact Surety1
The license Expires on September 30th of even-numbered years (2-year term). Bond Renewal is necessary to maintain licensing.
Step by Step on How to Get a Motor Vehicle Dealer License
Getting a Motor Vehicle Dealer license in Georgia involves several steps:
- Determine license type:
- Georgia offers different licenses based on your business model (e.g., wholesale, retail). Choose the one that best suits your needs.
- Pre-licensing education:
- You must complete a 4-hour pre-licensing course covering state laws, regulations, and ethical business practices.
- Secure a business location:
- You need a permanent business location with appropriate zoning and signage.
- Obtain business licenses:
- Get a Georgia business license and a Sales Tax Number from the Department of Revenue.
- Liability insurance:
- Secure proper liability insurance coverage as required by the state.
- Application and fees:
- Submit a completed application to the Georgia Board for the Registration of Used Motor Vehicle Dealers. Pay the $170 application fee.
- Background check:
- Get fingerprinted and undergo a background check.
- Dealer plate application:
- Apply for dealer license plates to buy and sell vehicles.
Additional resources:
- Georgia Department of Revenue – Dealer Registration: https://dor.georgia.gov/motor-vehicles/dealer-distributor-manufacturer-transporter-license-plates/dealer-registration
- Georgia State Board for the Registration of Used Motor Vehicle Dealers: https://dor.georgia.gov/motor-vehicles/dealer-distributor-manufacturer-transporter-license-plates/dealer-registration
- Georgia Dealer Class – 7 Steps to a Georgia Dealer License: https://sos.ga.gov/how-to-guide/how-guide-used-motor-vehicle-dealers
Important notes:
- This is a general overview, and specific requirements may vary.
- The process can take several weeks, so plan accordingly.
- Consider seeking professional guidance from a lawyer or accountant specializing in licensing matters.
Visit Surety1’s Car Dealer License Guide
How to Get Your Motor Vehicle Dealer Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.