%PDF-1.6 %���� You can also pick up a form at the Illinois SOS office or request one to be sent to you by calling (800) 252-8980. Vehicle make or vessel builder*. Complete the Notice of Sale form attached to the bottom of the title and mail that in to the IL Secretary of State (SOS). To keep record of the change in the ownership of cars, the state has car registration laws which must be observed by those who are selling as well as those who are buying cars, in order for a hassle free legal transaction. It should identify the vehicle’s make, model, year, body type, color, VIN, purchase price, and date of sale. Seller and Buyer Information – Seller and buyer enter the following information : The Seller – … However, it if highly suggested that you complete one anyway when you are making a vehicle sales transaction. Vehicles §-203.Removal of motor vehicles or other vehicles; towing or hauling away. All-terrain vehicle. That form must be completed in full. How well do you know your car? Both you and the buyer will need to complete the title assignment section. Illinois Bill of Sale for Motor Vehicles. A bill of sale is a document recording the sale of property between one person and another. ; Application for Additional Sets of Dealer Plates, In-transit Plates, Identification Card(s) (Form RT DS 43). Remove the vehicle's license plates. The purchaser’s signature in section 3 is optional must complete sections 1, 2 (when applicable) & 3). Since most states require some form of notification within a certain number of days after a vehicle sale… Include the exact vehicle identification number (VIN), current odometer reading, and your signature to avoid immediate rejection of your application. Illinois law does not require a vehicle bill of sale, which is a legal document that acts as a receipt and shows when ownership of a car switched hands, when it is purchased from an in-state dealer or individual. In Illinois, when you sell a car, you are required to remove the license plates and submit a valid title to the buyer that is signed and dated. The Illinois Bill of Sale Forms are documents in the state of Illinois, that provide information with regard to the sale, purchase or trade of any of a number of items from vehicles and vessels/boats to personal items.These documents protect both the seller and buyer and in many cases make it possible to register items with the state when needed 95 1/2, par. So it is in your own interest to observe the state of Illinois motor vehicle registration laws, especially when buying or selling a car. So obtain the Illinois Seller’s Report Of Sale Form VSD 703. At least 10 days prior to the sale, the law enforcement agency where the vehicle is impounded, or the towing service where the vehicle is impounded, shall cause a notice of the time and place of the sale to be sent by certified mail to the registered owner, lienholder, or other legally entitled persons. IL-492-3492 You are also required to complete the Notice of Sale form that is attached at the bottom of the title and mail it to the secretary of state of Illinois. Hanley Building. However, it if highly suggested that you complete one anyway when you are making a vehicle sales transaction. The department processes 3.5 million vehicle title documents annually, registers nine million vehicles annually, issues license plates and renewal stickers, licenses vehicle dealers and maintains vehicle records. It requires the legal name of the owner of the junk vehicle, physical address (including city and zip code), the name of the buyer, and you must indicate whether the vehicle is being sold or if it is a gift. † Request the buyer’s name and address in case there are title or registration problems after the sale. It starts at $390 for a one-year old vehicle. All applications must include payment for the $50 application fee. In Illinois, a bill of sale is not required for title transfers. Make/Manufacturer . Using these convenient analytical tools, you can get a quick breakdown of your vehicle, including vital information such as: Check out our Vehicle History Reports page for more information. The Illinois Bill of Sale Forms are documents in the state of Illinois, that provide information with regard to the sale, purchase or trade of any of a number of items from vehicles and vessels/boats to personal items.These documents protect both the seller and buyer and in many cases make it possible to register items with the state when needed Applications can be submitted in person at an Illinois Secretary of State facility, or via mail to: Secretary of State Vehicle Records Processing Division 501 S. 2nd St., Rm 424 Springfield, IL 62756. It also includes the Vehicle Use Tax Chart. Once the document is signed with all the details of the transaction inputted, the form becomes a legally enforceable contract. Complete the Notice of Sale form attached to the bottom of the title and mail that in to the IL Secretary of State (SOS). 7-Day Vehicle Permit Application (Form VSD 193). After the sale of the vehicle, the Seller must immediately submit the Seller’s Notice of Sale (VSD-703) and send to the Secretary of State’s office located at: Secretary of State Vehicle Services Department Record Inquiry Division 501 S. Second St., Rm. It may have a different name in different states. – Date of sale. Buyers can avoid being tricked by sellers who illegally reverse the odometer to display a lower mile reading. Disclosure of this information is VOLUNTARY. We've detailed the basic process for selling your car in Illinois below. The vehicle liability release form is mandatory in most states when giving up ownership of a vehicle. You must complete the Application for Vehicle Transaction(s) (Form VSD 190), making sure to check the box for “Duplicate Title" at the top of the form. � endstream endobj startxref 0 %%EOF 70 0 obj <>stream The Illinois Secretary of State's Dealer and Remitters Forms page offers dozens of forms used by dealers, including these: . 121 1/2, par. A Bill of Sale acts as a sales contract documenting the sale of the vehicle. This form will … A vehicle bill of sale generally contains important details pertaining to the vehicle in question and personal information both about the seller and the purchaser. View up to date information on how Illinois is handling the Coronavirus Disease 2019 (COVID-19) from the State of Illinois Coronavirus Response Site No sale is complete until the paperwork has been filed with the Illinois Department of Vehicles. VEHICLES/PUBLIC. Failure to provide information could result in penalties. This form has been approved by the Forms Management Center. Illinois Statutes Chapter 625. Notice of Sale and/or Bill of Sale for a Motor Vehicle, Mobile Home, Off-Highway Vehicle or Vessel . Date of sale. The as-is bill of sale allows a vehicle, boat, or other personal property to be sold without any warranties to the buyer. ... vehicle from private property without the consent of the owner or other legally authorized person in control of that vehicle, must post a notice … Otherwise proper identification information must be recorded for that vehicle as provided under the Illinois Vehicle Code. If any of this information is missing, we may be unable to update the vehicle … Search Illinois Statutes. Illinois Boat Bill of Sale; Illinois Gun Bill of Sale; 1. 2300 S. Dirksen Parkway. The tax is imposed on motor vehicles purchased (or acquired by gift or transfer) from another individual or private party. The vehicle registration gives you the right to drive the car or truck on public highways. h�bbd```b``z"�@$� X�,$���L`��'��D2��ٟ��}0i?fǃٻ�&7��@�+ "�@z��Ra`�d!X��qȓ��x� I Illinois Bill of Sale Requirements. No sale is complete until the paperwork has been filed with the Illinois Department of Vehicles. – Vehicle odometer reading at the time of sale. The manufacturer does not refund sales tax for an owned vehicle. Subject to all the terms of this Notice, the Assets will be sold pursuant to public auction (the “Sale”) to be held at Katten Muchin Rosenman LLP, 525 West Monroe Street, Chicago, Illinois 60661 on July 23, 2009, at 9:00 a.m. (CST) (the “Sale Date”). To transfer your license plates after you sell your car in Illinois, you will need to submit an Application for Vehicle Transaction(s) (Form VSD 190) to the IL SOS in person. Illinois law does not require a vehicle bill of sale, which is a legal document that acts as a receipt and shows when ownership of a car switched hands, when it is purchased from an in-state dealer or individual. Model year*. NOTICE OF. For example, in Florida the document is called a Notice of Sale, and all private sellers must submit one to document the transfer. Notice of Sale. Notice of Proper Zoning (Form VSD 481). The Certificate of Registration and your Nevada Evidence of Insurance must be kept in the vehicle. Illinois repossession laws also protect you from the unreasonable sale of your repossessed vehicle at auction. When there is change in ownership with your vehicle, you may need to notify your local DMV office. For more information, visit our Replacing a Lost Title in Illinois page. Do that yourself. Application for In-transit or Repossessor Plates (Form RT DS 27). The Illinois Secretary of State (SOS) charges the following fees for auto title transfers and related transactions: Car title … A bill of sale is a document recording the sale of property between one person and another. So in the event that this document has been lost, stolen, or destroyed, you can apply for a duplicate vehicle registration either: For more information, visit our Replacing a Lost Registration in Illinois page. H��wTSY��K�CJ0TA�K �0tq��UtH�P�LMQIV�J� Vehicle odometer reading as of the sale or transfer date. Illinois Compiled Statutes Table of Contents. Effective January 1, 2006, the seller of a motor vehicle, trailer, or all-terrain vehicle must report the sale within 30 days to the Department. Notice of Sale Reporting Requirement. You should have your registration accessible when selling a car. 1-101.8. – Signature of the seller and the buyer. Remove the vehicle's license plates. ILLINOIS LEMON LAW SUMMARY 1. Although you'll want to highlight the car's best attributes when advertising to potential buyers, you also want to make sure you're being as honest and accurate as possible. It should also name the seller and buyer, and include their addresses. If the title does not contain a Notice of Sale form, it may be down-loaded at www.cyberdriveillinois.com. Supply the buyer with a valid, signed, and dated title certificate at the time of sale. The new owner will then complete the title transfer process for a private sale. The lemon law might be read ... Point of sale notice of lemon It may have a different name in different states. Looking for Paperwork When Selling a Car in another state? (625 ILCS 5/1-101.8) (from Ch. This is often referred to as a release of liability or notice of transfer. Sales taxes are not collected on private party vehicle sales that occurred on or after January 1, 2006. You must report the sale of your vehicle to the Department of Revenue. It ends with $25 for vehicles at least 11 years old. The Illinois bill of sale forms conduct a written transfer for a vehicle, boat, or firearm from one individual/entity to another. SALE The following vehicles are subject to towing, repair and/or storage liens; are declared to be abandoned pursuant to Section 56-5- 5810, 56-5-5635 and/or 29- 15-10 SC Law as Amended; and are in the custody of Dave’s Auto Repair, LLC. New Illinois Resident Transfer You have 30 days to transfer your out-of-state title and register your vehicle with the Illinois Secretary of State (SOS) when you move to Illinois. To sell a vehicle the owner (the seller) signs off on the back of the old title and this serves as proof of the transaction. H����0��{�K�{XJ����4�LTJH,$���ufg�qaiY[j`zc�5�i��A�C(t ��◡��TW�K��E��;ڈ�%M�����K93Y�1�b0�Qa|�pKӲ?�F��` �`A endstream endobj 18 0 obj <>stream Don’t expect the buyer will file notice of sale forms to the DMV. (815 ILCS 710/1.1) (from Ch. Your insurance company must give you written notice of this procedure once your vehicle has been The Illinois Aircraft/Watercraft and Vehicle Use Tax Information Guide includes sample forms from the Illinois Department of Revenue (DOR) for the collection of sales tax paid on motor vehicles. The lienholder delivered or mailed to the owner at the owner’s last known address and any other lienholder of record the Notice of Redemption required under the Illinois Vehicle Code (625 ILCS 5/3-114(f-5)(1)), and the sale of the vehicle occurred after the expiration of 21 days from the date of mailing or delivery of the Notice. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers’ Occupation Tax Act.) The Secretary of State, Vehicle Services Department issues VSD 703.1 or the Illinois Vehicle Sellers Report of Sale for a seller of a motor vehicle. Don’t expect the buyer will file notice of sale forms to the DMV. View up to date information on how Illinois is handling the Coronavirus Disease 2019 (COVID-19) from the State of Illinois Coronavirus Response Site Toggle navigation Menu Government 13 0 obj <> endobj 35 0 obj <>/Filter/FlateDecode/ID[<4B8EEEC68EA2A1AF1F2B349D3AA55D3D>]/Index[13 58]/Info 12 0 R/Length 104/Prev 133094/Root 14 0 R/Size 71/Type/XRef/W[1 3 1]>>stream As with foreclosure of homes, consumers soon discovered that the garage had statutory … The Illinois bill of sale forms conduct a written transfer for a vehicle, boat, or firearm from one individual/entity to another. Motor Vehicle, Mobile Home, Off - Highway or Vessel Description . The vehicle liability release form is mandatory in most states when giving up ownership of a vehicle. Both you and the buyer will need to complete the title assignment section. ��3���z��@�&. † Complete and mail the Notice of Sale form (attached to the bottom of the title) to the Secretary of State’s office. In addition to completing the application form, you will also need to pay the transfer fee of $25. Previous sale prices. Attach a copy of the bill of sale to this form while submitting it to the Secretary of State. Application for Vehicle Transaction(s) (Form VSD 190). This certificate must be completed in full. It provides Illinois vehicle owners with the most secure title document in the nation. seq. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers’ Occupation Tax Act.) The buyer must pay $95 to the Secretary of State, and a tax to the Department of Revenue. © 1999 - 2021 DMV.ORG. This form removes your liability from the sold vehicle. Filing will protect you from being held liable for towing charges or … Declaration of purpose. For more information about your state's coronavirus (COVID-19) updates, see our. Once signed, the bill of sale becomes a legally binding contract. 751.1) Sec. This notice may be combined with the first notice discussed above. Use the Use Tax Rate Table in the Tax Rate Database to determine your tax liability. Once signed, the bill of sale becomes a legally binding contract. @����� ����Bz������Ҿ��2D�9�%M ��T���u[�� �k ��'����� �A�L���CC��Ї��%r�nҞ~ ��"kr��ȸɠQW �� `q��x6P� �#k ����kTn.�� H�@Tx\2�A!h� ��"(�sg��9��_+2(�-P�����Ʉ��m�� ��a�߲n�� ��Ʋh��ٻ :����GIfc+0M *�F��������Ո~ An Illinois bill of sale is a legal document that records a vehicle sales transaction between a seller and a buyer. New owner’s name and address. Illinois Vehicle Code Natural Disaster Zip Code Information The department processes 3.5 million vehicle title documents annually, registers nine million vehicles annually, issues license plates and renewal stickers, licenses vehicle dealers and maintains vehicle records. Similarly, thousands of cars are bought and sold in the state on daily basis. In most cases, a dealer who has sold a vehicle to a non-resident of Illinois, where the Illinois title and license will not be applied for, is a tax-exempt sale provided the dealer issues a drive-away decal permit. Both you and the buyer will need to complete the title assignment section. Avoid buying a car with costly hidden problems. After the sale of the vehicle, the Seller must immediately submit the Seller’s Notice of Sale (VSD-703) and send to the Secretary of State’s office located at: Secretary of State Vehicle Services Department Record Inquiry Division 501 S. Second St., Rm. The official web application of the Oregon Driver and Motor Vehicle Services Division (OR DMV). Tax Rate. :�a�HSQ�, �� ���#���((��u�={��׮g�����=���߻��>�> �#7s �p�E?i Fill it out with the buyer and return it … Click here to download and print a generic Illinois Bill of Sale Form. This form is also known as release of the liability form or notice of the transfer of the ownership. 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