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

Dealer Bond And Licensing Information » Minnesota

Bonds

A $50,000 must be filed by all dealers; $5,000 for boat, snowmobile, trailer and motorized bicycle dealers.

Dealer License

All dealers must be licensed. New and used vehicle dealer licenses must have a per­manently enclosed commercial building on a permanent foundation, office space for records. Personal franchise agree­ment and means for repairing vehicles required for new dealers only. Used vehicle dealers must have a person to answer the telephone or an answering machine. Lessors and wholesale dealers must have an office, records and a person to an­swer the telephone or an answering service. Auctioneer requirements are the same as for new or used dealers, but may be based outside the state. A site inspection is required for all dealers prior to the approval of a dealer license. Dealer classes include new, used and broker, lessor, parts, scrap metal, wholesale, leasing, and auctioning. Boat, snowmobile and motorized bicycle dealers are required to be licensed.

Dealer License Fees:

$157.00 application and annual renewal fee
$107.00 if application is made after July 1
$17.00 for boat, snowmobile, and motorized bicycle dealers

Contact the Northland Independent Automobile Dealers Association for additional information.