Readers ask: How To Get A Wholesale Car Dealer License In Illinois?

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

Ultimately, the good news is that you don’t have to have any kind of lot space to get a dealer’s license. You can go through a process that’s fairly similar to the licensing process for a dealer with a lot.

How much does a dealer license cost 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).

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

If you sell any new cars you must have a license under 625 ILCS 5/5-101. However, with respect to used cars, you are allowed to sell up to four vehicles per year without having to have a license – 625 ILCS 5/5-103 (scroll down).

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What do I need to get a dealer license in Illinois?

Original $50,000 Illinois vehicle dealer’s bond or certificate of deposit in the business name and the Secretary of State’s name (the original CD must be submitted). If property is leased, copy of the lease that cannot expire before the term of the license for which you are applying.

Can a felon get a dealers license in Illinois?

If I have a felony on my record, can I get approved for a car dealer license? The short answer is it depends. Getting a car dealer license with a felony is not impossible.

Is Instant dealer license legit?

Our Co-op Dealer License System has withstood numerous legal challenges over the last 28+ years and is 100% legal in all 50 states.

How many cars can I flip in Illinois?

Illinois: You can sell up to four vehicles in one calendar year. Indiana: You can sell up to 11 vehicles in a 12-month period.

Who regulates car dealerships in Illinois?

Who Needs It: All individuals and businesses that sell or deal in 5 or more motor vehicles in a calendar year. Purpose: To ensure the public will receive compensation for any damages should the auto dealer fail to comply with dealer licensing law. Who Regulates Dealers in Illinois: The Illinois Secretary of State (SOS)

How do you get an auction license in Illinois?

A. All applicants must be at least 18 year of age, have attained a high school diploma or equivalent (e.g. GED ), have a properly completed sponsor card, personally take and pass an examination, file an application on forms provided by DPR, and pay all fees as required.

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Is car flipping illegal?

Our investigation found that flipping a car for profit is not illegal. We have learned, in most cases, it can be done legitimately. The DMV also suggests, when buying or selling a car, to complete the transaction at the DMV.

What is Curbstoning?

Curbstoning is defined as the act of systematically selling or “flipping” vehicles while posing as a private seller. Curbstoning is regulated individually by state governments, and is considered illegal in most legislatures.

Is there a limit to how many cars you can own?

Owning more than one vehicle can be done as a hobby or out of necessity. But will that get you in trouble at some point? How many vehicles can you have on your property legally? There is no limit to the number of vehicles you can own.

How do you write odometer on a title?

If your vehicle is equipped with an odometer capable of reading 999,999 miles, you need only write in the odometer disclosure “the actual mileage shown” on the odometer. (NOTE: Do not write in tenths of miles.) (Example: If your odometer reads 118, 666.6 miles, you would disclose 118,666 miles on the title.)

How do I get my car auction license in Indiana?

Breakdown of Indiana dealer license requirements

  1. A national criminal background check.
  2. Your certificate as a registered retail merchant from Indiana Department of Revenue.
  3. A $25,000 Indiana auto dealer bond.
  4. Liability insurance meeting the minimum required by Indiana law.
  5. Copy of valid photo ID.
  6. A zoning affidavit.

What is Din on car title?

DIN refers to size 2″ x 8″ opening that a radio fits into. DIN stands for Duetch Industri Normen which the Germans starting using to standardize the radio’s in Audi’s, BMW’s, Mercedes, VW’s way back in the mid 80’s. It has since become the industry standard. DOUBLE DIN is the same width of 8″ but is 4″ instead of 2″.

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