The Georgia State Board of Registration requires used motor vehicle dealers to post a $35,000 surety bond.
Used auto parts dealer must post a $10,000 surety bond.
These bonds are subject to underwriting, which means pricing will vary depending on your personal credit score. Applicants with great credit scores will qualify for the best bond pricing. Applicants with less than great credit can still get good bond pricing as our in house underwriter can use other factors of your business and personal finances in order to underwrite your bond.
Georgia Auto Dealer Bond also could be called:
- Georgia Motor Vehicle Dealer Bond
- Georgia MVD Bond
- Georgia Auto Dealer Bond
- Georgia Used Auto Dealer Bond
Some dealers ask why do I need a Georgia Dealer Bond. There are couple of reasons first the Georgia State Board of Registration requires it in order to be a license used car dealer. Also it is required to ensure that dealers conduct business ethically and in accordance with the laws of the state of Georgia.
Georgia used motor vehicle dealer and used motor vehicle parts dealer surety bond, principals pledge to pay all loss, damages and expenses that may be sustained by any purchaser of any used motor vehicle or part, his vendees or successors in title that occur as a result of the dealer’s fraudulent misrepresentations regarding liens or titles or as a result of the dealer’s breach of warranty regarding liens or titles of any vehicle or part being sold.
The bond is put in place to ensure that dealers conduct business ethically and in accordance with the laws of the state of Georgia.
