Inside these posts: Defunct car dealerships

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State acts to protect car buyers when dealers close

A Viking Dodge dealership in Crystal Lake that closed in 2009. (Stacey Wescott/Chicago Tribune)

Illinois lawmakers are considering legislation that would protect consumers when auto dealerships close and fail to pay liens on trade-in vehicles.

In several instances, according to Atty. Gen. Lisa Madigan, lien holders have sought payments from consumers who traded in their vehicles to buy new ones. At least 60 dealerships have gone out of business since 2000 without paying off trade-ins, according to Madigan. Get the full story »