Mark Required Fields In Legal Illinois Buy-Sell Forms For Free

Any vehicle bill of sale template or document you create should include the following information: The seller's name and contact information. The buyer's name and contact information. The vehicle make, model, year, color, VIN, and odometer reading. The date of the sale. The purchase price. Signatures of both parties.

An Illinois general bill of sale is a legal document that would usually be used for the sale, purchase, or trade of any personal property between two (2) private parties. It serves as proof that the item(s) was properly sold and purchased. It also proves the change of ownership. This document will require notarization.

You'll need a valid vehicle title to give to the buyer. As the seller, you must sign the form as well as date it, and hand it over to the buyer. If you've lost your vehicle title, you'll need to get a duplicate title via ??Application for Vehicle Transaction(s) (VSD 190) which you can get here to print and mail.

Complete and mail the Notice of Sale form (attached to the bottom of the title) to the Secretary of State's office. If the title does not contain a Notice of Sale form, it may be down- loaded at ilsos.gov. Request the buyer's name and address in case there are title or registration problems after the sale.

Who pays sales tax when selling a car privately in Illinois? Buyers must pay a transfer tax when they buy a car from a private seller in Illinois although this tax is lower when you buy from a private party than when you buy from a Dealer. This tax is paid directly to the Illinois Department of Revenue.

Can a bill of sale be handwritten Illinois? It is important to make sure all the requirements for the respected state law are included in the bill of sale. As, with any legal written document a bill of sale can be handwritten.