Selling A Car In Illinois

If you are selling a car in illinois you must follow the following steps.

Selling a car in illinois. For more information on buying or selling a used vehicle please call the secretary of state vehicle services depart ment at 800 252 8980 or 217 785 3000. However there are things you can do to protect yourself when selling a car in illinois by owner. 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. In illinois a bill of sale is not required for title transfers.

Check out the illinois lost and damaged title guide for replacement titles this is often referred to as a duplicate title. This means that you save the sales taxes you would otherwise have paid on the 5 000 value of your trade in. The date of the sale. If you are the registered owner or have power of attorney for the owner of the vehicle then it is possible to get a replacement title if needed.

You may not be aware that you retain liability over the car until the car buyer transfers the title. For example you could trade in your old car and receive a 5 000 credit against the price of a 10 000 new vehicle making your out of pocket cost only 5 000. A bill of sale is a document recording the sale of property between one person and another. If you need to obtain the forms prior to registering the vehicle send us an email request or call our 24 hour forms order line at 1 800 356 6302.

Commonly it s used to commemorate the sale of a car and beyond state requirements is useful as a record for tax purposes plus it protects the seller in the event that the buyer fails to. Remove the vehicle s license plates. Selling an il vehicle. If you sell your vehicle privately you must.

Title replacement duplicate titles. Obtain and fill out the illinois notice of sale form. When you sell your car in illinois you are obligated to take the following actions. 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.

Supply the buyer with a valid signed and dated title certificate at the time of sale. Understand your legal liability when selling a car in illinois. Remove the license plates before handing the car over to the buyer. Illinois bill of sale requirements.

However it if highly suggested that you complete one anyway when you are making a vehicle sales transaction. Remove the license plates from the car. Form rut 50 private party vehicle use tax transaction return form rut 50 is generally obtained when you license and title your vehicle at the local driver s license facility or currency exchange. The title must be signed in the assignment of title area.

If you have problems with a title or registration on a vehicle you purchased or suspect improper activity by someone trying to sell you a vehicle please contact the secretary of state police in your.