Why do I need a Georgia Used Motor Vehicle Dealer Surety Bond, and what is required to obtain one?
Georgia Used Motor Vehicle Dealer Surety Bonds are required by the Georgia State Board of Registration’s Used Motor Vehicle Dealers Division, and are issued in the amount of $35,000. Surety bonds are put in place to protect the consumer from any wrongdoing on the part of the dealer. Used Motor Vehicle Dealer licenses are valid for 2 years and expire on March 31st of even numbered years. You must renew your license/bond before March 31st of each even numbered year and have completed the necessary continuing education and other renewal requirements by that date in order to keep your license in good standing.
In addition to the surety bond, what else does the Georgia State Board of Registration of Used Motor Vehicle Dealers require to submit for my license?
- Certificate of Insurance
- Photographs of Established Place of Business (inside, outside, signage)
- Certificate of Zoning Compliance
- Fingerprint scan from approved GAPS service site.
I am a used motor vehicle parts dealer, what is required of me?
Georgia Used Motor Vehicle Parts Dealer Surety Bonds are required by the Used Parts Division, and are issued in the amount of $10,000. These surety bonds expire on December 31st of odd-numbered years. Additionally, you must provide the following items with your application:
- Original Certificate of Insurance
- Photos of Business
- Affidavit of Citizenship
- Your NMVTIS Identification Number
- Copy of your Sales Tax Application
What will my Georgia Used Motor Vehicle Dealer Surety Bond cost?
Here at Pacific Surety, we take the guesswork out of shopping your bond. With rates as low as $224 annually for well qualified clients, we can’t be beat!
Pacific Surety offers industry low rates and can obtain approvals for almost all credit situations. Once our simple application has been completed, we can have pricing to you within hours. If you have any specific questions, please contact our knowledgeable underwriting staff.
Surety Bond Name
Motor Vehicle Dealer Surety Bonds – Georgia
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