Georgia Motor Vehicle / Auto Dealer Bond Cost

While $35,000 might seem like a large amount to pay, in reality, you only need to pay a percentage of it to get bonded, which is called the bond annual premium. The surety company will look at several factors to determine your motor vehicle dealer bond cost, most importantly, your credit score. Factors such as years licensed and years of industry experience will also play a factor in your dealer bond cost.

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• If your credit score is above 650, you’ll likely have to pay between .75% and 2% of the bond amount.

• For applicants with credit scores between 600 and 649, the rates range between 2.5% and 4%.

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Dealer Licensing Requirements / How To Become A Car dealer

​The following is a checklist of required documents for this application: 

• Completed, signed, and notarized application with fee. Download application>>

• Zoning certification (included within application)

• $35,000 Surety Bond with Power of Attorney 

• Certificate of Insurance 

• Photographs of Business 

• Proof of Seminar Completion 

• Background Check

• Board Disciplinary Actions/Sanctions   

• Arrest/Conviction  

• Court Documents (If applicable)  

• Letter of Explanation (If applicable)  

• Preliminary Inspection 

• Secure & Verifiable Document

• Affidavit of Citizenship

• Immigration Documents (If applicable)

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What are the insurance recommendations?

It is required that all motor vehicle dealers in the state of West Virginia obtain liability insurance coverage. Some examples include:

• Garage Liability Policy with a minimum of $50,000 Premises and Auto Liability Coverage

• Dealer Inventory Physical Damage Coverage

• Uninsured and Underinsured Motorist Coverage

• Garage Keepers Coverage - (if you do repairs, or paint & body work)

• Property Coverage for any buildings or tools

• Medical Payments of $1,000, $2,000, or $5,000

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How To Renew your Georgia Car dealer License

If you have currently hold this license and need to renew in order to keep your license up to date, apply for  renewal before September 30 of the year it expires to avoid late fees.  

How to Renew

If you have currently hold this license and need to renew in order to keep your license up to date, apply for  renewal before September 30 of the year it expires to avoid late fees.

• To process your renewal, log in to your account on the Georgia Online Licensing site. 

• Click on the License Renewal button on the left-hand side of the page. Enter your login information. 

• If you do not remember your login credentials, click on the link to reset for a “person” type license.  

• Follow the instructions for online renewal specific for your license. 

Of note, you are required to obtain 6 hours of CE in order to be eligible to renew your license. See CE Requirements for more information.