Georgia Used Motor Vehicle Dealers are required to execute a Georgia Used Motor Vehicle Dealers Bond to ensure compliance with the Official Code of Georgia Section 43-47-8(g). Effective July 1st, 2026 the required bond amount is increased to $50,000.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Georgia Motor Vehicle Dealer Bond holds you accountable for your business decisions.
By possessing a Georgia Motor Vehicle Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.