Georgia Auto Dealer Bond

Georgia Motor Vehicle Dealer Bond

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 studies the car business to sniff out the shady shops that cause all of the claims, allowing us to lower bond prices for Georgia dealers.

Other bond providers just run a generic credit check, which opens the floodgates causing quality dealers to unfairly subsidize the deadbeats with an inflated premium.

We think honest dealers with solid business practices should get to save on their bond.

What Is the Lowest Price for the Georgia Dealer Bond?

Used car dealers can purchase their bonds online starting as low as $11 a month or $145 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. 

Bond LimitMonthly Cost2-Year Cost
$35,000$11$145
Georgia Auto Dealer Bond Rates

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.

Why Is the Used Motor Vehicle Dealer Required?

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.

How to Apply for the Used Motor Vehicle Dealer Bond With Jet

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.

Can Jet File the Used Motor Vehicle Bond for Me?

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.

More Information on Georgia Auto Dealer Bonds

How to Cancel My Bond

See the details surrounding canceling your bond.

Bond Claim Process

Used Car Dealers need to know what causes a claim and what happens after a claim is made.

Georgia Motor Vehicle Dealer Bond Form Example

Georgia Motor Vehicle Dealer Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: