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The State of Idaho requires dealers to obtain liability insurance with minimum limits of 25/50/15. Dealers must also file either a $40,000, $20,000 or $10,000 vehicle or vessel dealer surety bond.
You need to get an Idaho dealer license, in order to legally sell 5 or more vehicles per year in the state. This type of license is issued by the Idaho Transportation Department (ITD).
How much are dealer fees? You can typically expect to pay 8% to 10% of the cars price in fees.
Every dealer/owner and salesperson is required to be duly licensed for selling vehicles in the State of Idaho. An application (Form ITD 3171) must be completed for each person individually.
Below are the following activities that do not require a Dealer License: - Selling less than five vehicles/vessels (titled in your name) in a calendar year. - Insurance companies, financial institutions, or public utility companies disposing of any vehicle/vessel incidental to primary business activities.

People also ask

Obtain the necessary Idaho auto dealer bond The amounts of the Idaho auto dealer bond are different for the various license types: $40,000 for wholesale dealers. $20,000 for retail dealers. $10,000 for motorcycle, ATV, UTV, truck campers, and snowmachine dealers.
The State of Idaho requires dealers to obtain liability insurance with minimum limits of 25/50/15. Dealers must also file either a $40,000, $20,000 or $10,000 vehicle or vessel dealer surety bond.
DMV office You will need to provide proof of U.S. citizenship or lawful presence as well as your identity. This is commonly accomplished by providing a U.S. certified birth certificate and an out-of-state drivers license or identification card. Make it official!
Obtain the necessary Idaho auto dealer bond The amounts of the Idaho auto dealer bond are different for the various license types: $40,000 for wholesale dealers. $20,000 for retail dealers. $10,000 for motorcycle, ATV, UTV, truck campers, and snowmachine dealers.
Do I need a dealer license? If you are at all serious about the business, then YES. An individual is allowed to sell up to four vehicles per year without a dealers license kind of tough to make any money that way, huh? Plus, every one of those vehicles has to be titled in YOUR name before you sell it.

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