Once the dealer surrenders his/her previous Certificate of Authority, then the Secretary of State will issue a new once with the correct name, address and business entity. The dealer must also submit a corrected Certificate of Insurance reflecting the change. Once you receive a new tax clearance from the Department of Revenue, you must submit it to the Secretary of State’s office. The dealer is also required to contact the Department of Revenue and inform them of the change. This form should be completed and returned with an accompanying check or money order before November 15 to insure that the renewal will be processed before December 31st, the date of expiration for all dealer licenses.Īny changes affecting the dealership’s name, address and corporate structure require that the dealer make an application for a new license, The Secretary of State’s fee for this service is $2.00.

After three years of operation, new car dealers are exempt from the bonding renewal requirements.Įvery dealer will receive a renewal application from the Secretary of State in August. A bond or certificate of deposit in the amount of $20,000 for each location at which applicant intends to act as a new vehicle dealer.A $1000.00 license fee for applicants established place of business, but if such application is made after July 1st, the license fee is $500.00.Such policy should not expire any sooner than December 31st of the year for which the license is issued. A Certificate of Insurance, that the policy held provides coverage in minimum amounts of $100,000 for bodily injury to, or death of, any one person $300,000 for bodily injury to, or death of, two or more persons in any one accident and $50,000 for damage to property.A statement from each manufacturer, stating that a franchise has been awarded to said corporation.A statement that the applicant has been approved for registration under the Retailer’s Occupation Tax Act.An application for a new vehicle dealer’s license to be filed with the Secretary of State.

The Illinois Secretary of State requires the following in regard to the establishment of a new car facility. Application For New Motor Vehicle Dealer License

Change address on license illinois