Question 1

Do auto dealers in Lubbock need a GDN bond?

Accepted Answer

Yes. All Texas auto dealers, including Lubbock and Lubbock County dealers, must maintain a $50,000 GDN surety bond with TxDMV under Texas Transportation Code §503.033.

Question 2

How much does a Lubbock GDN dealer bond cost?

Accepted Answer

Lubbock auto dealers typically pay $100–$300 per year for a $50,000 GDN dealer bond. The exact premium depends on credit score and dealership history.

GDN Bond — Lubbock, Texas