How many cars can you sell before you have to get dealers lic in Ill?

How many cars can you sell before you have to get dealers lic in Ill?

DealersA vehicle dealer is any person engaged in the business of selling or dealing in, on consignment or otherwise, five or more vehicles during the year, or who acts as an intermediary, agent or broker for any licensed dealer or vehicle purchaser, or who represents or advertises that he/she is engaged in or intends to engage in such a business.Requirements for vehicle dealers can be found in the Illinois Vehicle Code (625ILCS 5/5-101) and the Illinois Administrative Code, Section 1020.10. Brokers and wholesalers must meet the same requirements.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).During an inspection, Secretary of State personnel determines see if the established place of business requirement is met as required by the Illinois Administrative Code, Section 1020.10. Document and fee processing and Secretary of State personnel investigations can take two to four weeks to complete and issue the dealer license.Upon the sale of a dealership, the vehicle dealer license cannot be transferred. The new owner(s) must apply for and obtain their own license.Vehicle dealers must be bonded for the first 36 consecutive months of business operations as long as they have not been delinquent or deficient in the transmittal of title/registration fees or taxes.All licenses expire December 31st of the issuing year. Renewal notices are sent out to dealers in September.There are about 6,000 licensed vehicle dealers in the State of Illinois. To request an application and informational packet please contact:Secretary of StateDealer/Remitter Licensing Section501 S. Second St. Rm. 069Springfield, IL 62756-7000217-785-8239more info from other sitesIf you want to make money buying and selling cars, or simply buy wholesale cars for your friends, family or yourself, you'-ve come to the right place.Why Get a Car Dealer'-s License?1. Gets you into private wholesale dealer auctions only dealers can go to - same auctions that all used car dealers get cars from, including mega-used car dealerships!2. Go directly to new-car dealerships to buy wholesale cars with "-closed bids"-3. No state limit to how many cars you can sell per year.4. Cancel your personal registration and insurance and drive around dealer cars with dealer license plates.5. No need to waste time "-wheeling and dealing"- and hunting through ads.6. You'-ll be a small business owner, entitling you to gold corporate credit cards, small-business loans and other fringe benefits.7. Tax benefits! "-Write-off"- just about anything, including gas receipts, auto repair receipts - even dinner and movie receipts!8. Become an auto broker! Did you know you need a dealer license to become an auto broker? You'-ll be 1/2 way there!9. Get dealer discounts and make tax-free purchases from almost any business including factory car dealers and parts stores.10. Buy wholesale cars for yourself, your friends and family members. You'-ll never get ripped off from a dealership again!Without a car dealer license, you are missing out on all these benefits and you are losing thousands of easy dollars every month. I typically buy cars for $1,500 and sell them a few days later for $3,000 without doing a thing to the cars. That'-s $1,500 profit in my pocket without even blinking.I will show you exactly how to get a dealer'-s license of your own - (As part of my local dealer license consulting business, I have written SIXTEEN ENTIRE VOLUMES of car dealer license publications including the "-Dealer License Manual"-, which makes it easy for ANYONE to obtain a car dealer license in ANY STATE.)Shhhhhh! It has numerous tips and tricks in simple, step-by-step ordinary language that states and other car dealers don'-t want you to know about...Source(s):http://www.sos.state.il.us/departments/v…http://www.dealerlicense.com/http://www.cardollars.com/statdeallicr.h…

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