Illinois Motor Vehicle Bill of Sale Form

A bill of sale for a motor vehicle in Illinois is a state form. The responsibility for filling it out lies with the former owner of a car, motorcycle, boat, or any other vehicle being sold. At the same time, the buyer’s data and signature must also be included in the bill of sale. According to state law, you must provide this paper to confirm the purchase and sale transaction. Otherwise, the transfer of ownership rights from one individual to another will not be officially documented and, therefore, will not enter into force.

What Are the Components of an Illinois Vehicle Bill of Sale?

If you are just going to sell or buy a vehicle, we recommend that you familiarize yourself with the local state requirements in Illinois in advance. Increased awareness will make the process of concluding a transaction and transferring rights from one individual to another easy and fast.

On the one hand, the preparation for the transaction, the search for a buyer, and the execution of the bill of sale is the official responsibility of the seller of the car. On the other hand, all subsequent actions after the transfer of rights and acceptance of the car lie with the buyer as the new owner of the property. This is primarily due to the registration of a new registration. In any case, at each stage, each of the parties needs a completed bill of sale.

Here is a complete list of components that should be present in a motor vehicle bill of sale form:

• There should be at least three copies of the paper in general: two will be needed by the buyer, and one is needed by the seller;
• A crucial component of the form that you are filling out is both parties’ personal data, such as full name and address (find the necessary fields to fill out in the third section);
• Please note that the certification of the bill of sale is not mandatory according to the law. However, the presence of an independent party will provide you with additional security. Therefore, a buyer and seller might want to use the services of a notary;
• When the form is certified by the notary, their signature will also be an important component that should not be missed;
• The main part of the bill of sale, which must be filled in for all copies of both the seller and the buyer, is the data about the technical characteristics of the vehicle, such as the model, year of manufacture, color, body structure, and so on;
• The data of the certificate of ownership is necessary for each copy;
• The second section is mandatory only for copies of the buyer. It is crucial to record the odometer readings relevant to the time of filling out the paper and indicate today’s date.

How to Register a Motor Vehicle in Illinois?

We also want to remind you that the whole process of selling and purchasing a vehicle does not end with the transfer of money and filling out a bill of sale. It is extremely important to familiarize yourself with the list of necessary procedures in advance in order to have time to get registration within thirty days after the transaction.

Moreover, you must make sure that during the transaction, the seller fills in all the lines in the certificate of ownership, in which information about the sale and transfer of rights is recorded.

Without this completed document, you will not be able to perform all the following steps and get a registration for a car:

1. Before going to the service center in Illinois, be sure to apply for a new certificate of ownership of the purchased vehicle;
2. Buy insurance;
3. Provide your driver’s license or passport, insurance, a bill of sale, and a certificate to the service center;
4. In order for you to receive the registration of your new vehicle and for it to enter into force, you must pay a tax fee. The total amount is usually 225 dollars unless you are buying some special vehicle such as a boat. Then the amount may vary.

Vehicle Bill of Sale Laws and Requirements

Here is a list of documents that may be required to fill out a bill of sale and for registration of a motor vehicle in Illinois:

1. An application for a certificate of ownership that you will need to submit to state authorities;
2. A driver’s license;
3. Official odometer readings that must be registered by the seller;
4. A passport.