Understanding car mileage helps drivers ascertain the potential dependability of a vehicle. 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. 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. ��3���z��@�&. Complete the Notice of Sale form attached to the bottom of the title and mail that in to the IL Secretary of State (SOS). Failure to provide information could result in penalties. Since most states require some form of notification within a certain number of days after a vehicle sale… How well do you know your car? Illinois Vehicle Bill of Sale. It provides Illinois vehicle owners with the most secure title document in the nation. @����� ����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~ Vehicle odometer reading as of the sale or transfer date. 751.1) Sec. Once the document is signed with all the details of the transaction inputted, the form becomes a legally enforceable contract. Buyers can avoid being tricked by sellers who illegally reverse the odometer to display a lower mile reading. Illinois Department of Transportation. 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. This is often referred to as a release of liability or notice of transfer. %PDF-1.6 %���� NOTICE OF. Tax Rate. 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. Search Illinois Statutes. Both you and the buyer will need to complete the title assignment section. H��wTSY��K�CJ0TA�K �0tq��UtH�P�LMQIV�J� ; Application for Additional Sets of Dealer Plates, In-transit Plates, Identification Card(s) (Form RT DS 43). You should have your registration accessible when selling a car. If any of this information is missing, we may be unable to update the vehicle … So obtain the Illinois Seller’s Report Of Sale Form VSD 703. Complete the Notice of Sale form attached to the bottom of the title and mail that in to the IL Secretary of State (SOS). IL-492-3492 2300 S. Dirksen Parkway. The vehicle liability release form is mandatory in most states when giving up ownership of a vehicle. Similarly, thousands of cars are bought and sold in the state on daily basis. The official web application of the Oregon Driver and Motor Vehicle Services Division (OR DMV). 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. † Complete and mail the Notice of Sale form (attached to the bottom of the title) to the Secretary of State’s office. The Certificate of Registration and your Nevada Evidence of Insurance must be kept in the vehicle. 1.1. Fees for Illinois Title Transfers. It has also been described as a “what you see is what you get” transaction with no promises made by the seller to a buyer about the item’s durability. † Request the buyer’s name and address in case there are title or registration problems after the sale. Springfield, IL 62764 (217) 782-7820 or TTY (866) 273-3681 The Illinois bill of sale forms conduct a written transfer for a vehicle, boat, or firearm from one individual/entity to another. 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. There are only two instances that you may be able to retain your vehicle: 1) if the vehicle has UNCLAIMED. In the Brave New World of the Great Recession, both garages and customers confronted economic pressures that had not been encountered for years and it was no longer remarkable to confront a customer who no longer had the ability or credit to pay for the vehicle repair that was once taken for granted. For more information, visit our Replacing a Lost Title in Illinois page. Disclosure of this information is VOLUNTARY. This form will … 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. Use the Use Tax Rate Table in the Tax Rate Database to determine your tax liability. 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 We've detailed the basic process for selling your car in Illinois below. 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 If you are selling a car in Illinois you must follow the following steps: At the time of sale, you must provide the buyer with signed and dated certificate of title of the car. Notice of Proper Zoning (Form VSD 481). – Date of sale. The Illinois bill of sale forms conduct a written transfer for a vehicle, boat, or firearm from one individual/entity to another. In Illinois, a bill of sale is not required for title transfers. Tips. A bill of sale is a document recording the sale of property between one person and another. The vehicle liability release form is mandatory in most states when giving up ownership of a vehicle. It may have a different name in different states. ILLINOIS LEMON LAW SUMMARY 1. Notice of Sale and/or Bill of Sale for a Motor Vehicle, Mobile Home, Off-Highway Vehicle or Vessel . That form must be completed in full. Illinois Bill of Sale Requirements. This form is also known as release of the liability form or notice of the transfer of the ownership. This notice may be combined with the first notice discussed above. When there is change in ownership with your vehicle, you may need to notify your local DMV office. Subscribe to stay in the loop & on the road! 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. If you don't reinstate the car loan or redeem the car, the lender is also required to send you written notice if it intends to sell the vehicle. For more information about your state's coronavirus (COVID-19) updates, see our. View up to date information on how Illinois is handling the Coronavirus Disease 2019 (COVID-19) from the State of Illinois Coronavirus Response Site Illinois Bill of Sale for Motor Vehicles. You must report the sale of your vehicle to the Department of Revenue. (Sales of motor vehicles from registered Illinois dealers are taxed under the Retailers’ Occupation Tax Act.) Remove the vehicle's license plates. The as-is bill of sale allows a vehicle, boat, or other personal property to be sold without any warranties to the buyer. Vehicle make or vessel builder*. 95 1/2, par. Illinois repossession laws also protect you from the unreasonable sale of your repossessed vehicle at auction. It starts at $390 for a one-year old vehicle. To apply for an IL title and registration, you'll need: The Application for Vehicle Transaction (s) (Form VSD 190). seq. So obtain the Illinois Seller’s Report Of Sale Form VSD 703. Include the exact vehicle identification number (VIN), current odometer reading, and your signature to avoid immediate rejection of your application. Fill it out with the buyer and return it … 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 Seller’s or lessee’s name and address. Selling a car isn't as self-explanatory as it seems, especially when you consider the fact that every state has slightly different laws and requirements. 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. – Signature of the seller and the buyer. 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