The retailers' occupation tax act.
How to get a car dealer license in illinois. A bond or certificate of deposit in the amount of. Get your dealer license in illinois. That surety determines what that percentage (the premium rate) will be.
Section 21―2 of the criminal code of 1961, criminal trespass to vehicles. The illinois secretary of state dealer licensing section requires any used automobile dealer that is applying for an illinois dealer license for the first time after november 1, 2009 to. A $1000.00 license fee for applicants established place of business, but if such application is made after july 1st, the license fee is $500.00.
The annual premium for an illinois auto dealer bond is a small percentage of the $20,000 bond amount. You can also take a. A registration application and fee of $3.00 is required for this transaction.
Below are nine general guidelines to obtain licensure as a licensed designated agent/motor vehicle dealer, but dealers should refer to the illinois dealer handbook for in. Illinois motor vehicle dealers, their partners and/or shareholders must. The bond cost varies depending on your financial strength, e.g.
You can obtain a temporary registration permit, or trp, as a temporary license plate in illinois either directly from the dealer or from a secretary of state’s office. Contacting your local department of motor vehicles or department of licensing to get all the forms and information you'll need. A salvage certificate of title must be applied for when a vehicle is to be salvaged or when an insurance firm declares.
Get the auto dealers licence illinois. Vehicle services department dealer licensing section 501 s. Before you can obtain a car dealer license, you’ll need to legally form your business and receive a business license.