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
- Obtain the Application Checklist.
- Complete an Automotive Training Program.
- Get a Surety Bond.
- Register Your Business Name.
- Apply for a Sales Tax Number.
- Get a Federal Tax Identification Number.
- Obtain Liability Insurance.
- 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
- Obtain a Permanent Business Location.
- Attend Dealer Training Classes.
- Compile the Required Documents.
- Obtain Proof of Liability Insurance.
- Obtain Your Auto Dealer Bond.
- 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?
|BUSINESS SECTOR/Activity||LICENSE TYPE||LICENSE APPLICATION FEE / 2 YEARS|
|Wholesale Food Sales (Business to Business Sales)||Wholesale Food||$660|
|HOME BASED BUSINESS – Complete Requirements|
|Home Office/Occupation||Regulated Business||$250|
|HOME REPAIR AND CONSTRUCTION SERVICES – Complete Requirements|
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.