Motor vehicle dealers are required to post a Motor Vehicle Dealer Bond as part of the process to license the dealership. The amount of the bond depends on what type of vehicles are to be sold, the amount of vehicles you plan to sell, and other factors. Read our Car Dealer License Guide to learn more about how to get your dealership licensed and bonded.

Idaho Motor Vehicle Dealer Surety Bond

Surety Bond

  • Required by: Idaho Transportation Department
  • Minimum Bond Amount: $10,000
  • Maximum Bond Amount: $40,000
  • Valid: Renewable

Dealers that sell motorcycles, ATVs, or snowmobiles must file a $10,000 bond, while wholesale dealers must post a $40,000 bond. All other types of vehicles require a $20,000 bond. These bond amounts are required by the obligee, not the surety company.

This bond guarantees the principal will abide by all Idaho state laws and regulations along with the laws outlined in the Idaho Code. The rules enforced by the Idaho Transportation Department and federal motor vehicle safety standards are also guaranteed to be followed by the principal with the surety bond.

The price for the bond, also known as the bond premium, is only a small fraction of the bond amount.

The applicant should verify the bond amount with the obligee before applying for the bond to ensure the bond amount is correct.

Licensing

Surety1 is not directly involved with the licensing process, but we’ve compiled this information which may helpful for you.

State licensing fees and requirements:

  • Surety bond
  • License application
  • Supporting documents for application
  • Zone approval
  • Proof of business status
  • Employer identification number
  • Used wholesaler dealer certification
  • Personal financial history
  • $190 initial dealer license fee
  • $20 salesperson identification fee + $10 for picture
  • $20.74 fee for dealer plates

All licensing fees are required by the obligee, not the surety company.

For additional licensing information, visit Idaho’s official page.

 

How to Get Your Idaho Motor Vehicle Dealer Bond

  1. Complete an online application. It’s free and no-obligation.
  2. One of our surety experts will contact you with a firm quote and an agreement to sign.
  3. Provide payment and your signed agreement, and then you will receive your Surety Bond!

If you have any questions, please call us at 877-654-2327.

Get Bonded

How to Get Bonded

1. Apply Online
Using our Free & Secure Application
2. Get Your Free Quote
Applications are No-Obligation
3. Get Your Bond
Most Bonds are Approved in 1-2 Business Days

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Surety Bond Experts

Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.

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