The Georgia Motor Vehicle Dealer Bond is required by the Georgia Secretary of State, Professional Licensing Boards Division. The bond states that the bondholder shall comply with the conditions of any written contract or written warranty made in connection with the sale or exchange of any used motor vehicle. In additional, they shall pay all loss, damages, and expenses that may be sustained by any purchasers, by reason of any fraudulent misrepresentation as to liens against or titles to any used motor vehicle. The bond amount is $35,000.
Who is required to have the bond?
In the State of Georgia, individuals who sell vehicles with the intent to make a profit, must be a licensed dealer. “The “five cars per year” statement is a standard that the Department of Revenue uses to flag someone as a possible unlicensed dealer.” The Motor Vehicle Dealer bond is one of the licensing requirements.
What are other requirements to be a Motor Vehicle Dealer in Georgia?
- Complete the application form
- Pay the initial licensure fee of $170 plus another $170 for each additional lot
- Provide an Original Certificate of Insurance
- Follow the Established Place of Business Requirements
- Attend a pre-licensing seminar from E-Learning, GIADA or Ron Widener.
- Provide a State Sales Tax Number
- Submit to a Fingerprint-based background check
- Surety bond worth $35,000
Where can I get a Georgia Motor Vehicle Dealers Bond?
At Surety1 you can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your Georgia Used Motor Vehicle Dealer bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states. As a result, our services have earned an A+ rating from the Better Business Bureau.