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Surety Bond Details
Cost: $420
Motor Vehicle Dealers Bond | ||
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Category: | Auto Dealer Bonds | |
Obligee: | Georgia Office of the Governor | |
Amount: | $35,000 | |
Duration: | ||
Expiration: | 31-Mar |
To operate a Georgia car dealership, you must obtain a license. Many car dealers must be licensed in Georgia, and various licensing requirements exist. You must perform several actions in addition to submitting a license application and paying a fee. Before the Georgia Motor Vehicle Dealer Board will issue a motor vehicle dealer license, you must purchase an automobile dealer surety bond. A bond is required for most license types. After you receive your bond, it will expire biennially. You may operate as a vehicle dealer in various ways, but bonding is a general requirement. To keep your car dealership license, you must maintain and renew your bond before its expiration date.
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