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Idaho Statutes Title 49. Motor Vehicles § 49-1636. Consignment sales

Current as of January 01, 2024 | Updated by Findlaw Staff

(1) An owner who consigns a vehicle to a vehicle dealer to be offered for sale or exchange on behalf of the owner to a third party purchaser, shall provide the dealer with either the certificate of title to the vehicle along with a power of attorney designating the dealer as an agent of the owner, or a duly executed consignment agreement between the dealer and the owner, along with a copy of the certificate of title of the vehicle being consigned.

(2) A consignment agreement shall contain at the least, the following:

(a) The name and current address of the owner of the vehicle as shown on the certificate of title;

(b) The name and current address of any person holding a lien on the vehicle;

(c) The name of the consignee;

(d) A description of the vehicle including the vehicle's make, model, vehicle identification number and odometer reading; and

(e) A statement that the owner has appointed the vehicle dealer as his agent for the purpose of offering the vehicle for sale.

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Cite this article: FindLaw.com - Idaho Statutes Title 49. Motor Vehicles § 49-1636. Consignment sales - last updated January 01, 2024 | https://codes.findlaw.com/id/title-49-motor-vehicles/id-st-sect-49-1636/

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