How much does it cost to get a car dealer license in Illinois?

How much does it cost to get a car dealer license in Illinois?

The cost of a vehicle dealer license to sell new and/or used motor vehicles costs $1,000. Licensed dealers may purchase license plates to demonstrate their vehicles: $45 for a master set and $13 for duplicate plates as set by Illinois Vehicle Code (625ILCS 5/3-602).

Can I get a dealers license without a car lot in Illinois?

How to Get a Dealers License Without a Lot

  1. Obtain the Application Checklist.
  2. Complete an Automotive Training Program.
  3. Get a Surety Bond.
  4. Register Your Business Name.
  5. Apply for a Sales Tax Number.
  6. Get a Federal Tax Identification Number.
  7. Obtain Liability Insurance.
  8. Submit Your Application.

Do you need a license to sell cars in Illinois?

According to 625 ILCS 5/5-102 of the Illinois Vehicle Code, any person that sells more than 5 vehicles per year must be licensed as a vehicle dealer in the state. There are a number of licenses that can be obtained, depending on the type of vehicles that you intend to sell.

How many cars can you sell in a year without a dealers license in Illinois?

five motor vehicles
Illinois dealer license types If you are selling or dealing with more than five motor vehicles in a year, you will need to get a dealer license in Illinois.

How do I get a wholesale dealers license in Illinois?

Illinois Auto Dealer License Guide

  1. Obtain a Permanent Business Location.
  2. Attend Dealer Training Classes.
  3. Compile the Required Documents.
  4. Obtain Proof of Liability Insurance.
  5. Obtain Your Auto Dealer Bond.
  6. Submit Your Dealer License Application.

Can a felon get a dealers license in Illinois?

If a felon has been convicted of a non-violent, non-motor vehicle dealer crime, this most likely will not affect his or her ability to get approved for a dealer license.

How much does a wholesale license cost in Illinois?

Business Licensing: What Do I Need?

Wholesale Food Sales (Business to Business Sales) Wholesale Food $660
HOME BASED BUSINESS – Complete Requirements
Home Office/Occupation Regulated Business $250

How do I get a license to buy cars at auctions in Illinois?

What is Curbstoning?

Curbstoning is when a dealer poses as a private seller to sell a car. By curbstoning, an unethical dealer can avoid having to comply with the regulations that apply to dealers. To a buyer, this could mean buying a car that has a salvaged title (a car that’s been declared a total loss by an insurance company).

How do you find Curbstoning?

Red Flags That May Reveal Curbstoning Before making an offer on a used vehicle, look for red flags that the seller is a curbstoner. If used vehicles appear suddenly in places such as parking lots or by the side of the road, beware.