# 92 Ill. Adm. Code 1020.15: Section 1020.15 Buy Here, Pay Here Dealers

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_15

## Section

- **Citation:** 92 Ill. Adm. Code 1020.15
- **Heading:** Section 1020.15 Buy Here, Pay Here Dealers
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 92 TRANSPORTATION / CHAPTER II: SECRETARY OF STATE / Part 1020 DEALERS, WRECKERS, TRANSPORTERS AND REBUILDERS / Section 1020.15 Buy Here, Pay Here Dealers

## Text

Section 1020.15  Buy Here, Pay Here Dealers
a)         For
the purposes of this Section, a Buy Here, Pay Here used vehicle dealer (BHPH) means
any entity that engages in the business of selling or leasing of vehicles
and finances the sale or purchase price of the vehicle to a customer without
the customer using a third-party lender
(IVC Sec. 5-102.8(a)). This is done
by using a financial institution in which the BHPH has an ownership stake.  By
contrast, the third-party lenders used by non-BHPH dealers licensed under the
IVC are not legally or financially associated with the BHPH.
b)         A BHPH
shall only be required to acquire one license under IVC Section 5-102.8, which
would permit the BHPH to sell and/or lease 5 or more used vehicles per year.
c)         A BHPH
may have a separate legal entity, in which the owner of the dealership has an
interest, that provides financing solely for customers of the BHPH.  A BHPH may
sell a vehicle for cash or by other traditional financing methods.  However, the
promotion, advertisement, solicitation, and general engagement in the sales
transactions performed by the BHPH and its associated financing entity must
reflect that the customer may purchase the vehicle on a payment plan basis,
within a specified period of time, from the associated financing entity in
which the BHPH has a financial stake.
d)         Each BHPH
is required to submit the appropriate certificate of title and registration
fees and taxes to the Secretary of State (SOS) and the Department of Revenue,
respectively, for each sales or lease transaction, with the application for
certificate of title and registration reflecting the date of purchase the
customer agreed to the terms of the sale or lease and took possession of the
vehicle, regardless of how the sale was financed or the vehicle was transferred
to the customer
and taxes to the Secretary of State (SOS) and the Department of Revenue,
respectively, for each sales or lease transaction, with the application for
certificate of title and registration reflecting the date of purchase the
customer agreed to the terms of the sale or lease and took possession of the
vehicle, regardless of how the sale was financed or the vehicle was transferred
to the customer.
e)         Beginning
January 1, 2020, all BHPH must electronically submit titling and registration
applications to SOS, either through an ERT program or online through the SOS
website:  cyberdriveillinois.com/departments/vehicles/title_
and_registration/pert.html.

## Nearby sections

- [92 Ill. Adm. Code 1020.10 Section 1020.10  Dealers Established Place of Business](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_10.md)
- [92 Ill. Adm. Code 1020.15 Section 1020.15  Buy Here, Pay Here Dealers](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_15.md)
- [92 Ill. Adm. Code 1020.20 Section 1020.20  Required Records For Automotive Parts Recyclers Rebuilders, New Vehicle Dealers, Used Vehicle Dealers, Repairers, Transporters, and Out-of-State Salvage Vehicle Buyers](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_20.md)
- [92 Ill. Adm. Code 1020.30 Section 1020.30  Records Required Upon Removal of Dash Assemblies with Vehicle Identification Number Plate Attached](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_30.md)
- [92 Ill. Adm. Code 1020.40 Section 1020.40  Inspection of Licensees' Records and Premises](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_40.md)
- [92 Ill. Adm. Code 1020.50 Section 1020.50  Consignment Sales by Dealers](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_50.md)
- [92 Ill. Adm. Code 1020.70 Section 1020.70  Rebuilders Not to Engage in Retail Selling of Salvage or Rebuilt Vehicles](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_70.md)
- [92 Ill. Adm. Code 1020.80 Section 1020.80  Inspection of Rebuilt Vehicles](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_80.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T92_P1020_S1020_15. Check the current official text before relying on it. Not legal advice.