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New Vehicle Wholesaler License for Special Equipment |
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| A person who installs cranes,
hook loaders, buckets, aerial ladders, tanks, or special equipment on new completed motor
trucks with a gross vehicle weight rating of fourteen thousand five hundred pounds or more
may be issued a license as a wholesaler of new motor vehicles of the make and model on
which the equipment is installed without written authorization from the manufacturer. The fee for a new wholesalers license is $40. "Special equipment" means equipment installed on a motor truck which, in combination with the motor truck on which the equipment is installed, constitutes a self-contained unit configured for a specific purpose. To constitute special equipment, a minimum of seven thousand, five hundred dollars or twenty-five percent of the retail value of the motor truck, whichever is greater, must be expended in installing the equipment on the motor truck, including the cost of the equipment. "Special equipment" does not include equipment designed for the transportation of passengers. A distributor or wholesaler of new motor vehicles shall not sell or offer for sale a new motor vehicle at retail unless licensed as a new motor vehicle dealer. A licensed distributor or wholesaler of a new motor vehicle shall not register or title a new motor vehicle held for sale and shall transfer ownership of a new motor vehicle by assigning the manufacturers statement of origin for the vehicle. New Vehicle Wholesalers are:
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©Iowa
Department of Transportation, Motor Vehicle Division |
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