A GDN License (General Distinguishing Number) in Texas allows a person to buy, sell or exchange used vehicles. Dealer applicants can apply for a license through the Texas Department of Motor Vehicles (TxDMV) online portal. The licensee must obtain a bond unless they are a new/franchised dealer, travel trailer dealer, or trailer/semitrailer dealer.
A separate surety bond is required for each type of GDN license. Additional locations need to apply for an additional surety bond only if they are located outside of the city boundary.
Surety bonds are for a two-year period and expire on the last day of the month. The bond and license must have the same expiration dates.
The premium that you pay for a Texas Used Vehicle Dealer Surety Bond is dependent on credit, the number of bonds needed and experience in the vehicle dealer industry.
When advertising a vehicle on the internet, it is unlawful to offer an online price that is different from any other form of advertising or displayed on the vehicle.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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