Chicago Illinois Bill of Sale of Automobile and Odometer Statement
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How to fill out Illinois Bill Of Sale Of Automobile And Odometer Statement?
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FAQ
Since Illinois does not legally require a bill of sale, the DMV does not provide one. If you are looking for a template or example document, there are plenty of useful forms available online via search. Once you have found a form, make sure to print off two copies: one for you and one for the buyer.
To inform the state of Illinois that a transfer of the vehicle's ownership is taking place, you must submit a Notice of Sale. This document is usually found attached to the bottom of the Illinois title, but if the title does not include a notice of sale form, you can download one here.
Does an Illinois Bill of Sale Have to Be Notarized? Bills of sale do not require notarization in the state of Illinois, but it is always an option.
Keep Your Plates To finalize the sale, make sure to remove the plates from the vehicle once ownership has been transferred. You'll want to hold onto them so you can take them to your local DMV office, along with a copy of Form VSD 190, and transfer the plates to a new vehicle.
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 .
Illinois law requires mileage disclosure for all vehicles. Exceptions include: vehicle weight of more than 16,000 pounds; vehicles 10 years old or older; vehicles that are not self-propelled; and vehicles manufactured without an odometer.
The buyer and the seller of the vehicle must sign the title. Include a bill of sale, and an Odometer Disclosure Statement. Buyers will need to complete the Application for Vehicle Transaction(s) (VSD 190) and Tax Form RUT-50 must be completed as well as part of vehicle sales among private parties.