$375 is your GOOD CREDIT PRICE for a Illinois Motor Vehicle Dealer Bond.
Motor Vehicle Dealer operating in the State of Illinois are required by the Illinois Secretary of State to execute an Illinois Motor Vehicle Dealer Bond to ensure compliance with licensure.
Bonds Express offers an Illinois Motor Vehicle Dealer Bond with a 99% approval rate.
This bond expires every year on December 31st.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Motor Vehicle Dealer Bond holds you accountable for your business decisions.
By possessing an Illinois Motor Vehicle Dealer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.