Illinois Motor Vehicle Dealer Bond - Bonding Solutions

Illinois Motor Vehicle Dealer Bond

Any person who sells 5 or more vehicles during a calendar year in the state of Illinois is required to obtain a surety bond as part of their business licensing requirements.

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Why work with Bonding Solutions? Simple! We are different!

We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:

  • #1 Rated Bond Agency Nationwide
  • Find the Lowest Bond Costs in Minutes
  • Quickest Approvals
  • Pay Instantly Online – 100% Secure
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What is a Bond Illinois Motor Vehicle Dealer Bond?

Becoming a licensed auto dealer in Illinois has multiple requirements. A surety bond falls under that umbrella, this bond is a contract that ensures the public that they will not be a victim of any illegal business done by the licensed motor vehicle dealer. Any consumer who is illegally harmed by a dealership can file a claim against this bond.

The state law of Illinois decides who is required to have a surety bond the law states any auto dealer or any person that sells motor vehicles, trailers, or motorcycles must post a motor vehicle dealer bond. Bonding Solutions has provided businesses with surety bonds for over 20 years. Contact us now to get your bond. 8778416745

Bonding Solutions | Illinois Motor Vehicle Dealer Bond
Bonding Solutions | Illinois Motor Vehicle Dealer Bond
Bonding Solutions | Illinois Motor Vehicle Dealer Bond

How much will my Illinois Motor Vehicle Dealer Bond Cost?

Illinois Motor Vehicle Dealer Bond has a mandate from the state that requires the bond to be posted at $50,000, ensuring that the dealer is abiding by applicable state laws and statutes. Similar to other surety bonds, you do not pay the full bond amount. Dealers are only required to pay a certain percentage of the $50,000 bond amount. That percentage is based on the applying dealer’s credit and industry experience. With good credit, you can pay as little as 0.5%.

Regardless of credit, Bonding Solutions has innovated programs that fit all agents and clients, allowing you to get industry-low pricing. Apply for your bond today or call us.

Why is this Illinois Auto Dealer Bond required?

Bonds are required by the state to protect consumers from any fraudulent or illegal activity by the dealer. The Illinois Vehicle Code outline all rules and regulations vehicle dealers must adhere to; some rules include:

  • Honoring all written contracts with the customer
  • Giving and transferring correct title information

Our Bonding team has serviced companies and agents for over two decades, allowing us to develop proprietary programs, giving our clients the best rates possible. Apply now

How do I get a Motor Vehicle Dealer Bond in Illinois?

Receiving an auto dealer bond is quite simple here at bonding solutions begin by filling out our 2-minute online application or call us. Then we will provide you our pricing along with the bond terms. After you pay for your bond, we will email and send your bond, same day.

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Additional Resources

Illinois General Assembly: Senate Bill 1556

Illinois Compiled Statues (625 ILCS5/) Illinois Vehicle Code

Illinois Vehicle Code Chapter 4


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Call us today to speak to a Surety Bond Specialist

(877) 841-6745