Georgia Auto Dealer Bond

A Georgia auto dealer bond costs between $350 - $1,050 for those with good credit. 

Auto dealer bonds in Georgia need to be in the amount of $35,000. However, getting the bond only costs a small fraction of that amount — 1% to 10%. This percentage is commonly called a bond rate or bond premium. 

A bond rate for a Georgia auto dealer bond is calculated mainly using credit score. However, industry experience, past bonding history, and other financials may also be considered. 

1. Apply For Your Bond

The quickest and easiest way to apply for a Georgia auto dealer bond is to use our online application.

This form takes only minutes to complete and generates an instant quote. Information that you will need on hand includes:

• Bond Name (Georgia Auto Dealer Bond)
• Bond Amount ($35,000)
• Your Contact Information

Prefer to chat with one of our bond experts? Call us at (888)-592-6631.

2. Get a Quote

After your application is processed, a bond quote will be sent to the email you provided. 

Often, we can offer cheaper rates than our competitors due to the large volume of bonds we underwrite. We recently had an applicant who needed a surety bond to open a used car dealership in Georgia. In the end, they went with us because our quote was over $100 less than other surety companies they talked to.

3. Purchase Your Bond

Log in to our website to fill out the required paperwork and pay for your bond. 

Once your payment is processed, a copy of the completed surety bond form will be emailed to you. Please check this over to ensure all the information is correct. The original bond will be sent through mail.

All used auto dealers and used auto parts dealers operating in Georgia must secure an auto dealer bond to comply with licensing regulations. More specifically, to get a Used Car Dealer License. 

A Georgia auto dealer bond is a contract between three parties:

• Principal - the auto dealer that needs to get bonded.
• Obligee - the party requiring the bond (Georgia Secretary of State).
• Surety - the company that issues the bond (ex. JW Surety Bonds).

This bond protects the general public from dealer misconduct. If an auto dealer conducts business unethically or unlawfully, the surety initially reimburses the affected party for any losses. However, the auto dealer must pay them back in full. 

A Georgia auto dealer bond must be renewed every 2 years before March 31 of even-numbered years. This aligns with the renewal date for Georgia’s used auto dealer licenses. The bond must continue to be renewed/remain active for as long as the auto dealer is in business. 

• Your surety will generally send you a notice for bond renewal and a quote at least 30 days before the expiry. Often, your renewal quote will be the same as you paid previously. However, if your financials have changed or a claim has been made against your bond, it may differ.

If someone files a claim against your Georgia surety bond, an investigation will start. 

This process is in place to ensure that:

1. You aren’t paying for a false claim.
2. The claim falls under the bond’s coverage.

You will be contacted for additional information and may be asked for evidence supporting your defense. If the claim is deemed valid, the surety will initially pay. However, you are then responsible for reimbursing them.

To get a Georgia Auto Dealer License, apply through the Georgia State Board for the Registration of Used Motor Vehicle Dealers. To complete the dealer licensing application, you need the following:

• Course Certificate – proof you completed a used car dealer training course. 
• Photos of Place of Business – must include a sales room, office, and permanent signage.  
• Copy of ID – proof of your age and citizenship. 
• Surety Bond – $35,000 Georgia Auto Dealer Bond.
• Certificate of Garage Liability Insurance – provided by your insurance company. 
• Sales Tax Number – or sales tax application.
• Zoning Compliance Certificate – completed by county zoning commissioner. 
• Criminal Background Check – fingerprint scan.
• Application Fee – cheque or money order.

Once your application is mailed, it generally takes at least 45 days to receive your license.