Used motor vehicle dealers in Georgia are required to file a surety bond along with their license applications. The $35,000 Used Motor Vehicle Dealer Bond provides a way for any customers that suffer financial losses caused by an auto dealer’s shady actions to seek reimbursement.
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Jet alone provides a unique way of purchasing your bond: paying for the bond on a month-to-month basis. You can pay for your bond as long as you need it and start the cancellation process when you don’t.
Used car dealers can purchase their bond online starting as low as $14 a month or $275 for 2 years. Rates are subject to a credit check.
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Georgia Used Motor Vehicle Dealer Bonds are issued biennially, so Jet offers rates that are already set up for these bond terms. On September 30th of even-numbered years, the bond has to renew. If you are new you can opt to get the bond on a monthly basis until that date or get the bond at a prorated amount.
Surety bonds are often required to provide a method of compensation when a dealer causes financial damage to a customer through fraud or misrepresentation. Not to say that all car dealers are untrustworthy, but there have been enough instances of dishonest behavior in the car sales industry that the State of Georgia had to establish some regulations to protect consumers. The surety bond allows a third party to guarantee funds when the dealer refuses or cannot do so. You can review the legislative regulations surrounding the bond on the Georgia Secretary of State's website.
Jet makes it insanely easy to apply for your Georgia Used Auto Dealer Bond. Just click the button at the top of the page to get started. You will need to submit a social security number for a soft credit check. It will not affect your credit and only takes a second. Once you’ve completed the application, your quote will be ready for immediate purchase.
After you’ve purchased your surety bond, Jet will prepare the form and send it where it needs to go. If you are filing the bond yourself, you will need to submit it to the address below:
State Board of Registration of Used Motor Vehicle Dealers
237 Coliseum Dr.
Macon, GA 31217
If permitted, Jet can send the bond directly to the Used Motor Vehicle Dealers Division for you.