Motor Vehicle Dealers - Used Vehicles Only

The State of Georgia Used Motor Vehicle Dealers bond is a surety bond required for businesses that sell used motor vehicles to obtain and maintain their dealer license in Georgia. This bond serves as a financial guarantee that the dealer will operate in accordance with all applicable state laws and regulations governing used vehicle sales.

Used motor vehicle dealers operating in Georgia must secure this bond as part of their licensing requirements. The bond specifically applies to dealers who exclusively sell used vehicles, as opposed to new vehicle franchised dealers who have different bonding requirements.

The bond protects consumers and the state by providing financial recourse if the dealer engages in fraudulent practices, fails to transfer titles properly, misrepresents vehicle conditions, or violates other provisions of Georgia's motor vehicle dealer laws. If valid claims are made against the bond, affected parties can seek compensation up to the bond amount.

This bond requires a coverage amount of $35,000 and has a 2-year term length. The bond is renewable, and dealers must maintain continuous coverage to keep their license in good standing with the state of Georgia.