Illinois Motor Vehicle Dealers

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All dealers are required to be licensed. Each Dealers establishment must be inspected prior to obtaining their license. New car dealers are required to present a franchise letter and all dealers are required to obtain a tax nuber that is issued by the states Department of Revenue

Dealer License Fees:

  • $1,000 Certificate of Authority
  • $500 For each additional location

Illinois Designated Agent Surety Bond

A $20,000 surety bond is required in the State. The term of the bond most be for 36 Months.

  • Bond: Designated Agent Bond
  • Obligee: Secretary of State - Vehicle Dealer Services
  • Obligee Address: 501 South Second Street, Room 069, Howlett Building, Springfield, Illinois, 62756
  • Required Expiration Date of Dealer Bond: 12/31
  • Surety Bond: Not Continuous, Requires Continuation Certificate
  • Bond Form Revision Date: 4/2006

Bad Credit Program for Auto Dealers

Illinois MVD's with a low credit scores, or public records on their personal credit report (Bankruptcy, Liens, Collection, or Civil Judgments) may find a difficult time getting bonded. Bryant Surety Bonds, Inc offers a Bad Credit Surety Bond Program that is specially tailored to your needs and can get you approved. This program is available for all bad credit Auto Dealers.

*Information for state licensing is provided as a guide, always verify with the state that the information is correct.

How to apply:

1.) Visit the commercial application page.

2.) Complete our online application.

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