Dealers of used vehicles in Georgia must file a surety bond along with their license applications. The $35,000 Used Motor Vehicle Dealer Bond provides a way for the public to seek reimbursement should they suffer financial loss caused by an auto dealer’s actions.
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Jet can electronically file the bond to the Georgia State Board for the Registration of Used Motor Vehicle Dealers for you, saving time and hassle for all dealers needing this bond immediately.
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 bonds online starting as low as $16 a month or $275 for the required 2-year bond term. Rates are based on the personal credit of the applicant but don't worry, it will not affect your credit, and it only takes seconds for us to produce our quote online.
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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. For what it's worth, all states have this surety requirement, not just Georgia.
The surety bond allows a third party to guarantee funds when the dealer refuses or cannot do so. The third party is the surety company (Jet) and the guarantee is the surety bond. 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. A notary is required which we will handle for you. If you are filing the bond yourself, you will need to submit it to the address below otherwise Jet can file the bond to the State.
State Board of Registration of Used Motor Vehicle Dealers
237 Coliseum Dr.
Macon, GA 31217
Upon the bond's renewal, Jet will submit a new bond form once we have received payment for the new bond term. The State Board requires a new bond form on file. Jet will handle this for you prior to the bond expiration on 9/30 each even year.
Jet will send a notice to you months prior to this date, so you will have plenty of time to pay for the bond renewal and we can make filing without any hassle. Payment can be made over the phone (855) 296-2663, online through a link we provide, or via check in the mail.