Georgia Auto Dealer Bond Overview

Obtaining a dealer bond is a key requirement for starting your Georgia auto dealership. But how exactly does the Georgia Auto Dealer Bond work?

The Georgia dealer bond is a protection for your customers that ensures your business will abide by Georgia state regulations. Like all surety bonds, it’s a third-party agreement between the principal (your dealership), the obligee (the state of Georgia) and a surety provider, the one that underwrites the bond.

Used Motor Auto Dealer Bond

  • Surety Bond Amount: $35,000
  • Obligee: State Board of Registration – Used Motor Vehicle Dealers Division
  • Obligee Address: 237 Coliseum Drive, Macon, Georgia 31217-3858
  • Required Expiration Date of Dealer Bond: 3/31 of an Even Year (e.g. 3/31/16)
  • Surety Bond: The bond is not continuous, so it requires a Continuation Certificate
  • Bond Form Revision Date: 11/2006

Used Parts Dealer Bond

  • Surety Bond Amount: $10,000
  • Obligee: State Board of Registration – Used Parts Division
  • Obligee Address: 237 Coliseum Drive, Macon, Georgia 31217-3858
  • Required Expiration Date of Dealer Bond: 12/31 of an Odd Year (e.g.12/31/15)
  • Surety Bond: The Parts Dealer bond is Not Continuous, it requires a Continuation Certificate
  • Bond Form Revision Date: 4/2003

In case you fail to follow your obligations under state law, you could face a pending claim against your bond. If the claim is proven, this could mean serious financial damage to your business. While the surety will take over all immediate expenses up to the penal sum of your bond, you will soon have to repay all costs, as per your bonding indemnity agreement. Compliance with state law is essential in avoiding claims and their negative repercussions.

In general, the Georgia DMV surety bond is proof of your dealership’s trustworthiness. The bond indicates that it’s safe to do business with you. Informed customers will choose to use the services of bonded and licensed dealers.

Georgia Auto Dealer Bond Cost

New car dealers in Georgia may be required to get licensed and bonded, but this depends on the municipality in which they operate. Used motor vehicle dealers need to provide a $35,000 surety bond as a part of their state registration process. The bond for used parts dealers is $10,000.

When you get bonded, you pay only a percentage of the bond amount, which is usually between 1%-4%. This means your bond premium for the $35,000 bond will be between $350 and $1,400 per year.

You can decrease your bond costs by improving your overall financial situation. The most important criterion is your credit score, so the higher it is, the lower your bond premium will be.

There is another trick for lowering your bond cost: choosing a solid surety provider. Bryant Surety Bonds is able to offer you awesome bonding rates because we foster great relations with many A-rated, T-listed surety companies. This allows us to give you the best conditions for your personal situation.

For a ballpark estimate of your bond premium, you can use the surety bond cost calculator in the sidebar or check our surety bond cost page. To get an exact quote in 2min, apply now online.

Bad Credit Program

Georgia auto dealers with lower credit score or credit liabilities, such as tax liens, civil judgments or bankruptcies, often face difficulties when trying to get bonded.

That’s why Bryant Surety Bonds operates its bad credit surety bond program. We provide a great opportunity for dealers with less than perfect financials to still get bonded and stay in business. For Georgia auto dealers with credit problems, bond premiums are usually in the range of 5%-15%. At Bryant, we offer the personalized approach you need to get bonded and strengthen your business, to help you improve your finances over time.

Get Your Georgia Auto Dealer Bond Today

It’s easy to start your bonding process. You just need to apply online to get your free, no-obligations quote, or call (866)-450-3412. Our bond experts can also assist you during your application process, so don’t hesitate to ask.

To help you get bonded, we’ll need your financial statements and some personal documents, so we can get you the best possible bonding rate on the basis of your business’s status

Along with your application, you must use the specific Georgia bond form that applies to your business. Don’t forget to sign it once you get the completed bond. As with other documents, make sure to save a copy for future reference too.

About the author:
Todd Bryant
Todd Bryant is a graduate of Germantown Academy and the University of Pittsburgh College of Business Administration Honors College. He has been President of Bryant Surety Bonds, Inc., an A+ rated Business with the Better Business Bureau, since 2007. Licensed as a producer with the Department of Insurance, he has been published in the National Association of Surety Bond Producers newsletter and on numerous authoritative publications such as The Washington Post,, and many more.