Is there a warranty on used cars in Illinois?

CHICAGO (CBS) -- People who buy used cars are protected in Illinois by a law that took effect on July 1, 2017. It requires used car dealers who sell cars "as-is", even auctions, to provide a limited powertrain warranty for 15 days or 500 miles, whichever comes first.

US Legal Forms
Bill of Sale of Automobile or Car with Disclaimer of Warranties

Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties

Name: Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties
Brand: US Legal Forms
Rating: 4.64 (385 reviews)

Category:

Bills of Sale - Automobiles

State:

Multi-State

Control #:

US-02101BG

Format:

Instant download

Description

Bill of Sale of Automobile or Car with Disclaimer of Warranties The Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties is a legally binding document used during the sale or transfer of a motor vehicle in the state of Illinois. This form outlines the specific details of the transaction and protects both the buyer and the seller by providing a written record of the sale. The bill of sale includes pertinent information such as the names and addresses of both the buyer and the seller, the vehicle identification number (VIN), make, model, year, and mileage of the car being sold. Additionally, the sales price and method of payment are documented. It is essential to accurately and thoroughly complete the document to avoid any potential disputes or complications in the future. It is important to note that there are different types of Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties forms depending on the circumstances of the sale. Common types include: 1. Private Party Sale: This type of bill of sale is used when a vehicle is sold directly between two individuals without the involvement of a dealership or automotive business. It clearly outlines the terms of the sale and reaffirms that the seller is transferring ownership of the vehicle to the buyer. 2. Dealer Sale: A bill of sale for a dealer sale is used when a licensed dealership or automotive business sells a vehicle to an individual. This document protects both parties involved and ensures that the necessary legal requirements are met during the transaction. 3. As-Is Sale: An as-is bill of sale is used when a vehicle is sold without any warranties or guarantees from the seller. This type of sale is common for used cars, and the buyer accepts full responsibility for any repairs or issues that may arise after the purchase. The disclaimer of warranties sections in the bill of sale clearly states that the vehicle is sold in its current condition, and the seller does not provide any warranties or guarantees regarding the vehicle's performance, condition, or future repairs. It is important for both parties to carefully read and understand this disclaimer to avoid any misunderstandings or legal disputes. In conclusion, the Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties is a crucial document that protects both the buyer and the seller during the sale or transfer of a motor vehicle. It is important to accurately complete the bill of sale based on the specific type of sale, whether it is a private party sale, dealer sale, or an as-is sale. Understanding the disclaimers and warranties section is essential to ensure a smooth and legally binding transaction.

The Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties is a legally binding document used during the sale or transfer of a motor vehicle in the state of Illinois. This form outlines the specific details of the transaction and protects both the buyer and the seller by providing a written record of the sale. The bill of sale includes pertinent information such as the names and addresses of both the buyer and the seller, the vehicle identification number (VIN), make, model, year, and mileage of the car being sold. Additionally, the sales price and method of payment are documented. It is essential to accurately and thoroughly complete the document to avoid any potential disputes or complications in the future. It is important to note that there are different types of Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties forms depending on the circumstances of the sale. Common types include: 1. Private Party Sale: This type of bill of sale is used when a vehicle is sold directly between two individuals without the involvement of a dealership or automotive business. It clearly outlines the terms of the sale and reaffirms that the seller is transferring ownership of the vehicle to the buyer. 2. Dealer Sale: A bill of sale for a dealer sale is used when a licensed dealership or automotive business sells a vehicle to an individual. This document protects both parties involved and ensures that the necessary legal requirements are met during the transaction. 3. As-Is Sale: An as-is bill of sale is used when a vehicle is sold without any warranties or guarantees from the seller. This type of sale is common for used cars, and the buyer accepts full responsibility for any repairs or issues that may arise after the purchase. The disclaimer of warranties sections in the bill of sale clearly states that the vehicle is sold in its current condition, and the seller does not provide any warranties or guarantees regarding the vehicle's performance, condition, or future repairs. It is important for both parties to carefully read and understand this disclaimer to avoid any misunderstandings or legal disputes. In conclusion, the Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties is a crucial document that protects both the buyer and the seller during the sale or transfer of a motor vehicle. It is important to accurately complete the bill of sale based on the specific type of sale, whether it is a private party sale, dealer sale, or an as-is sale. Understanding the disclaimers and warranties section is essential to ensure a smooth and legally binding transaction.

Assignment of Painting or Work of Art

View this form

How to fill out Illinois Bill Of Sale Of Automobile Or Car With Disclaimer Of Warranties?

US Legal Forms - one of the biggest libraries of lawful varieties in America - delivers a wide range of lawful file templates it is possible to acquire or printing. Utilizing the site, you can find a large number of varieties for organization and personal functions, categorized by groups, claims, or keywords and phrases.You can get the newest models of varieties like the Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties in seconds.

If you already possess a subscription, log in and acquire Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties from your US Legal Forms collection. The Down load option can look on every develop you look at. You have access to all earlier downloaded varieties within the My Forms tab of your account.

In order to use US Legal Forms initially, listed here are easy guidelines to get you started out:

Ensure you have picked out the best develop for the metropolis/region. Go through the Preview option to examine the form`s information. Browse the develop information to ensure that you have selected the appropriate develop.
If the develop doesn`t match your demands, utilize the Research field on top of the screen to find the the one that does.
Should you be happy with the form, validate your selection by clicking on the Purchase now option. Then, pick the costs program you favor and give your qualifications to register for the account.
Procedure the deal. Use your Visa or Mastercard or PayPal account to accomplish the deal.
Select the formatting and acquire the form in your gadget.
Make modifications. Load, change and printing and signal the downloaded Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties.

Each template you included with your account does not have an expiry time and is your own property eternally. So, if you wish to acquire or printing an additional backup, just proceed to the My Forms portion and then click about the develop you need.

Gain access to the Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties with US Legal Forms, by far the most substantial collection of lawful file templates. Use a large number of skilled and express-particular templates that satisfy your company or personal requires and demands.

Form Rating

4.64

Satisfied(385)

Form popularity

FAQ

Some purchases come with what is called an implied warranty of fitness. This means that a product is guaranteed for a specific purpose, beyond the lower threshold of merchantability.

Generally, there is no specified duration for implied warranties under state laws. However, the state statutes of limitations for breach of either an express or an implied warranty are generally four years from date of purchase.

For example, if a farmer goes to a farm supply store, and tells the salesman he needs a plow for the rocky soil of his farm, and the salesman directs him to a particular plow, there may be an implied warranty that the plow in question is fit for use in rocky soil.

An implied warranty is a legal term for the assurances that a product is fit for the purpose that it is intended and that it is merchantable, i.e., conforms to an ordinary buyer's expectations.

2-314(2)(c)). The implied warranty of merchantability is a merchant`s promise that the goods sold will do what they are supposed to do. In other words, it is an implied promise that the goods are fit to be sold. UCC implied warranties have been construed as applicable not only to new cars, but also to used cars.

Under the implied category are three major subtypes: the implied warranty of merchantability (only given by merchants), the implied warranty of fitness for a particular purpose, and the implied warranty of title.

An IMPLIED WARRANTY is one that arises from the nature of the transaction, and the inherent understanding by the buyer, rather than from the express representations of the seller.

CHICAGO (CBS) -- People who buy used cars are protected in Illinois by a law that took effect on July 1, 2017. It requires used car dealers who sell cars "as-is", even auctions, to provide a limited powertrain warranty for 15 days or 500 miles, whichever comes first.

A warranty is not a legal requirement for a used car, and it's fairly common on very cheap used cars (less than a couple of thousand pounds or so) to be sold without any warranty at all. Unlike your statutory rights, a dealer can also offer you a discount in return for waiving the warranty.

More info

Warranties may contain express, implied or statutory terms and conditions that extend product warranty coverage without the need for a separate written warranty. Most warranties are limited to damage caused by misuse, abuse, neglect, accident, abuse, accident, neglect or the natural elements. In Canada, manufacturer-provided warranties are limited to damage caused by misuse, abuse, negligence, use outside recommended range, and natural forces. Warranties are void where they violate any law, including those prohibiting unfair competition. What exactly is a warranty? Generally, a warranty is a written promise or assurance to pay for the cost of covered goods under a special condition or at a particular point in time. The term “warranty” comes from the Latin serum, meaning the same as the English word “word,” which implies the idea that the warranty or the description of damages is literal, precise, and true.

Illinois Bill of Sale of Automobile or Car with Disclaimer of Warranties

Description

Related forms

Viewed forms

How to fill out Illinois Bill Of Sale Of Automobile Or Car With Disclaimer Of Warranties?

Show more info

Form Rating

Form popularity

FAQ

What do implied warranty mean?

How long an implied warranty lasts?

What is an example of an implied warranty?

What is guaranteed by an implied warranty?

What is implied warranty in Illinois?

What are 3 types of implied warranties give examples?

What is implied warranty on car?

Is there a warranty on used cars in Illinois?

Do dealers have to give warranty?

More info

Trusted and secure by over 3 million people of the world’s leading companies