Illinois Used Motor Vehicle Dealer | $20,000 Used Motor Vehicle Dealer Surety Bond

Also known as: used motor vehicle dealer bond

Type of Bond

An Illinois Used Motor Vehicle Dealer Bond is a type of surety bond required by the state for businesses engaged in the sale of used motor vehicles. The bond ensures that the bonded party complies with state laws, regulations, and ethical standards governing the sale of used motor vehicles, including the proper handling of vehicle titles, payment of taxes and fees, and adherence to consumer protection regulations. If the bonded party fails to fulfill its obligations, engages in fraudulent or unethical practices, or violates state regulations, a claim can be filed against the bond to compensate affected parties for any damages or financial loss incurred. In summary, the Illinois Used Motor Vehicle Dealer Bond helps ensure that businesses operating in the used vehicle sales industry operate ethically and in compliance with state regulations, protecting the interests of consumers and other businesses in the industry.


Program

The price you'll pay for your $20,000 Used Motor Vehicle Dealer Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $20,000 Used Motor Vehicle Dealer Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $20,000 Used Motor Vehicle Dealer Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Used Motor Vehicle Dealer Bond Application process.

The Illinois Used Motor Vehicle Dealer Bond amount is currently set at  $20,000.

Obligee Information

An obligee is the entity that is requiring you to have the Used Motor Vehicle Dealer bond.

Obligee: People Of The State Of Illinois