National Independent Automobile Dealers Association
Serving Quality Independent Automobile Dealers Since 1946

Dealer Bond And Licensing Information » Iowa

Bonds
New and Used Dealer - $30,000 required, all others optional.
Dealer License

New and used vehicle dealers must be licensed and issued a dealer number. Individ­uals or businesses selling over 5 vehicles in one calendar year must be licensed as a dealer. Manufacturers of vehicles must also be licensed.

Dealer License fees:

$200.00 for manufacturers
$75.00 for dealers

License expires annually on December 31.

New vehicle dealers require franchise agreement and an inspection of location(s), which must be zoned commercial, be­fore license is issued.

Inspection Fee:

None for the primary location.

$25.00 per secondary location(s)

Application must be made in person.

Dealers and salespersons are also investigated prior to license issue. Salespersons, distributors and factory representatives must fulfill state examination requirements.

Exam Fee:

$25.00 for salespersons
$25.00 for distribu­tors and factory representatives

Report of monthly sales activity must be filed.