Illinois Bill of Sale of Automobile and Odometer Statement
What this document covers
The Bill of Sale of Automobile is a legal document used to transfer ownership of a motor vehicle from a seller to a buyer. This form includes key details such as the vehicle's make, model, and Vehicle Identification Number (VIN). Unlike other transfer documents, it guarantees that the seller is the lawful owner and that the vehicle is free from any claims or encumbrances. It also incorporates an Odometer Disclosure Statement, as mandated by federal and state laws, which ensures accurate reporting of the vehicle's mileage at the time of sale.
What’s included in this form
- Seller and Buyer Information: Names and signatures of both the seller(s) and buyer(s).
- Vehicle Details: Includes the make, model, year, body type, and VIN of the motor vehicle.
- Sales Price: The cash amount for which the vehicle is being sold.
- Warranty Clause: Seller guarantees ownership and that the vehicle is free of encumbrances.
- Odometer Disclosure: States the current mileage and any discrepancies regarding the odometer.
- Notary Acknowledgment: Signature of a notary public, affirming the authenticity of the transaction.
Situations where this form applies
This Bill of Sale is required when selling or buying a motor vehicle to document the transfer of ownership. Use this form to protect both parties by providing clear evidence of the sale, especially in private sales where no dealer is involved. It is also necessary for registering the vehicle in the buyer's name and for any potential disputes that may arise regarding ownership or vehicle condition.
Who can use this document
- Individuals buying or selling a motor vehicle privately.
- Dealers involved in private sale transactions who wish to document sales.
- Anyone needing to certify the odometer reading and vehicle ownership during a transaction.
- Residents of states that require specific documentation for vehicle sales.
How to complete this form
- Identify the parties involved by entering the names of the seller(s) and buyer(s).
- Specify the vehicle details, including make, model, year, body type, and VIN.
- Document the sales price, ensuring it reflects the total amount paid.
- Complete the Odometer Disclosure by stating the current mileage and selecting any applicable options regarding discrepancies.
- Have all parties sign the form in the presence of a notary public for validation.
Notarization requirements for this form
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to include all required vehicle details, especially the VIN.
- Not completing the Odometer Disclosure Statement correctly.
- Omitting signatures of both the seller and buyer.
- Not having the document notarized when required.
- Not retaining a copy of the completed Bill of Sale for personal records.
Advantages of online completion
- Convenient access to a professionally drafted document that complies with legal requirements.
- Ability to fill out and edit the form online before downloading and printing.
- Secure and reliable source of legal forms, giving users peace of mind.
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FAQ
Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale.As, with any legal written document a bill of sale can be handwritten.
No. An Illinois bill of sale is not required to register a vehicle. However, a bill of sale can be a helpful document. A title is required and you are not allowed to operate the vehicle with the plates on the vehicle at the time that it is sold as those belong to the seller.
Most states do not require a notary to witness the signing of a bill of sale. However, by law, a notary public must witness both parties signing the document in Louisiana, Nebraska, Maryland, New Hampshire, West Virginia, and Montana. Notaries are optional in other states.
You not need both parties to be physically present at the time of notarization, but you can only notarize for the person who is appearing before you. The other person can have their signature notarized at another time. Kelle Clarke is a Contributing Editor with the National Notary Association.
Bills of sale do not require notarization in the state of Illinois, but it is always an option.
Obtain and fill out the Illinois Notice of sale form. Remove the license plates from the car. Confirm that the buyer has a valid driver's license. Confirm that the buyer has valid car insurance. move all personal identification from the car.
Car Registration. You must have your car registration when selling your vehicle. Notice of Sale Form. You will need to advise the Illinois Secretary of State that you have sold your car. Odometer Disclosure Statement Form. Vehicle History Report.
An Illinois bill of sale is not required to register a vehicle. However, a bill of sale can be a helpful document.To register a vehicle in Illinois, you need to apply for registration and title on the vehicle. You can use a bill of sale along with the proper VSD form depending on your needs.
An odometer disclosure statement is simply a declaration of a vehicle's mileage as indicated by its odometer, and if whether or not it's an accurate reading.On a California vehicle title, the box underneath the two stacked signatures is provided specifically for the odometer disclosure statement.
