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Illinois Motor Vehicle Dealer, Illinois Auto Dealer Bond:

The Illinois Motor Vehicle Dealer bond is a License Surety Bond that serves to protect Illinois's citizens by providing a path for recourse in situations where an Auto Dealer does not adhere to the laws, rules, and regulations as set in Illinois state legal statutes. An Illinois Motor Vehicle Dealer bond may be required as part of the Motor Vehicle Dealer licensing and/or vehicle registration process.

In Illinois, the required Motor Vehicle Dealer bond amounts are as follows:

  • Illinois, Vehicle Dealer's bond requirement - $20,000 Surety Bond

You should always check with the Illinois Secretary of State Vehicle Services Department, or requesting agency, for the most current required Illinois Motor Vehicle Dealer bond amount as well as the required bond forms.

Viking Bond Service, Inc. writes Illinois Motor Vehicle Dealer bonds. We can assist both clients with good credit, and clients with bad credit. Typically, the worse the credit, the higher the surety bond premium will be. In either case, we always work to get the best quote for you. Viking has partnered with markets that welcome Illinois Motor Vehicle Dealer bond applications and provide competitive quotes for them.

(See Also: Cost Expectations for Auto Dealer Bonds)

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