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| Bonds |
Required for all dealers except light trailer and equipment dealers. Bond amount is established by the number of vehicles sold by the dealership:
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Vehicles Sold
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Bond Limits
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0-50
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$5,000
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51-100
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$10,000
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101-150
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$15,000
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151-200
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$20,000
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201 and over
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$25,000
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| Dealer License |
A license is required for new and used vehicle dealers. An individual or business selling more than 5 vehicles in a 12-month period, displaying 3 or more vehicles within a 30 day period or buying vehicles for purpose of resale, qualifies as a dealer in Maine . Application is submitted to the Bureau of Motor Vehicles. The application must provide the following information: size and location of the lot; the size of the building, display, office and repair area. Applications must be signed by all parties and witnessed. The building lease must be valid for at least one year.
Dealer License Fees:
$150.00 filing fee and $150.00 licensing fee (both fees required upon application and renewal)
$150.00 annual renewal
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