Georgia auto dealer bond to expire March 31

The Georgia auto dealer bond will expire statewide on March 31. Only Georgia auto dealers who sell used vehicles must file a $35,000 surety bond as a part of the state’s used auto dealer licensing process.

Qualified applicants who work with SuretyBonds.com could pay just $550 for a two-year, $35,000 Georgia auto dealer bond. To speak with a surety specialist about your Georgia surety bond, call 1 (800) 308-4358 Monday through Friday between 7 a.m. and 7 p.m. CST.

Auto dealers who are looking for lower rates might also be interested in contacting a SuretyBonds.com specialist. As brokers, they shop every bond application around with various underwriters to find some of the industry’s lowest rates. SuretyBonds.com can bond 99% of applicants regardless of their qualifying credentials.

The Georgia auto dealer bond requirement helps regulate the the state’s auto industry and also protects its consumers. The legal language found on the bond form provides a financial guarantee that auto dealers will comply with

“the conditions of any written contract or written warranty by such dealer or his agent, made in connection with the sale or exchange of any motor vehicle and shall pay all loss, damages, and expenses that may be sustained by any purchasers of any used motor vehicle and their vendees or successors in title by reason of any fraudulent misrepresentation as to liens against or titles to any used motor vehicle then the bond is to be void, otherwise it is to remain of full force and effect.”

This language essentially holds auto dealers accountable for financial losses consumers might incur when dealers misrepresent merchandise or use fraudulent sales tactics.

The state’s auto dealer bond form expires on even-numbered years. Failing to get a new bond issued before March 31 could result in a lapse of surety bond coverage.

Dealers will submit their Georgia auto dealer bonds to the following address:

Georgia State Board of Registration of Used Motor Vehicle Dealers & Used Motor Vehicle Parts Dealers
Used Motor Vehicle Dealers Division
P.O. Box 13446
Macon, GA 31208

The Georgia auto dealer licensing department can be reached at (404) 968-3880. Required forms are listed here under “Used Motor Vehicle Dealer.”