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 vehicle from one party (the seller) to another (the buyer). This form is essential for documenting the sale and includes critical details such as the vehicle's make, model, VIN, and odometer reading. It ensures that the property being sold is guaranteed to be free of any claims, providing security for both parties involved in the transaction. Unlike other sales agreements, this form explicitly includes an Odometer Disclosure Statement, which is mandated by both federal and state law.
Key components of this form
- Identification of the parties involved: the seller(s) and buyer(s).
- Details of the automobile: make, model, year, VIN, and body type.
- Odometer reading at the time of sale, including a disclosure statement.
- Payment information including the sale price.
- Seller's guarantee of ownership and freedom from liens.
- Notary acknowledgment for the statement to be legally binding.
Situations where this form applies
This form should be utilized whenever a motor vehicle is sold or transferred from one owner to another. It is particularly important when the vehicle is being sold privately, as it provides legal proof of the transaction, protects the seller against future claims, and ensures the buyer is aware of the vehicle's condition and mileage.
Who can use this document
- Individuals selling or purchasing a motor vehicle.
- Private sellers who want to document the sale transaction for legal protection.
- Buyers looking for proof of ownership transfer for registration purposes.
- Anyone needing to comply with federal and state odometer disclosure requirements.
Completing this form step by step
- Identify the seller and buyer by entering their names and addresses.
- Provide details about the automobile, including make, model, year, body type, and VIN.
- Specify the sale price and ensure it is reflected both numerically and in words.
- Complete the odometer disclosure section, stating the current mileage and verifying its accuracy.
- Sign the document in the presence of a notary public to finalize the transaction.
Does this document require notarization?
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.
Typical mistakes to avoid
- Failing to complete the odometer disclosure statement accurately.
- Not having the form signed by a notary public, if required.
- Omitting essential information about the automobile.
- Not retaining a copy for personal records after signing.
Benefits of completing this form online
- Convenient access for immediate download and use.
- Editability allows for customization based on specific sale details.
- Reliability ensures that the form complies with legal standards.
Form popularity
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.
