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).

How much does a dealers 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.

How do you get a car auction license in Illinois?

1. Obtain a Permanent Business Location. Check the Illinois Administrative Code, Section 1020.10 for the requirements.
2. Attend Dealer Training Classes.
3. Compile the Required Documents.
4. Obtain Proof of Liability Insurance.
5. Obtain Your Auto Dealer Bond.
6. Submit Your Dealer License Application.

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

So, if you’re asking whether you can get a dealer’s license without having your own lot, the answer is yes, you can!

Can a felon get a dealers license in Illinois?

If you have been convicted of a previous felony, you will need to provide documentation that your civil rights have been restored. However, if the conviction is regarding a motor vehicle dealer crime, you will more than likely not be granted a license.

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.

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.

Can you be a car trader from home?

Selling cars from home is a great way to save money when you’re starting out as a car trader. If this is the route you decide to go down, you’ll need to notify your local council in order to ascertain how many cars you can have parked on the road at one time.

Can a felon get a dealers license in Indiana?

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. These include non-violent crimes such as: DUI. DWI.

How much cheaper are auction cars?

Typically you can expect the average car to be about $1,000 to $2,000 dollars cheaper than retail if you were to buy directly from the dealer auctions.

How much does it cost to get a dealers license in Indiana?

Include a $30 licensing fee when submitting paperwork. For more information, view the Indiana Dealer Licensing Brochure.

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

If you’re selling or advertising for sale 12 or more vehicles per year in the state of Indiana, state law requires you to obtain an Indiana dealer license.

How many cars can I sell before becoming a trader?

There is no minimum number of cars an individual can sell before they are deemed to be a trader. A person will only be considered a trader if they buy cars mainly for the purpose of reselling them at a profit, regardless of the number of vehicles sold each year.