Illinois Bill of Sale Form (original) (raw)

Illinois bill of sale form serves as a legal justification of a transaction between the two parties, the seller and the buyer, of the personal property. It is not an official state document but can be customized and accomplished by every person. The document contains information about the two parties, including names and contact details, purchase price, and the two signatures as proof of agreement.

You can download the ready bill of sale forms on our site for the transactions in Idaho. They include the most common types of bills of sale and the general one containing the general fields to be filled for every type of transaction. You can also personalize your own form, including the lines applicable to your transaction.

Table of Contents

1. Illinois Bill of Sale Forms by Type
2. How to Write an IL Vehicle Bill of Sale
3. Registering a Vehicle in Illinois
4. Relevant Official Forms
5. Other Bill of Sale Forms by State

Document Details

Illinois Bill of Sale Forms by Type

Whether you conclude a private sale agreement for a motor vehicle, a boat, or any other product, you will find different types of templates for your use. They have the needed information and can be downloaded from the site.

How to Write an IL Vehicle Bill of Sale

An Illinois motor vehicle bill of sale records the transfer of vehicle ownership from a private seller to a buyer. The form provides details on changing a vehicle’s possession and any known defects. You will need this form when registering your motor vehicle.

The step-by-step guidelines below are related to the bill of sale form developed by our specialists. If your local authorities provide official bills of sale, you can use their forms instead.

Step 1: Specify the date

The first step is to specify the date when the bill of sale is created.

Step 2: Enter the seller’s and buyer’s details

Next, you will have to enter the relevant seller’s and buyer’s details, including for each of them:

• Full legal name
• Street address
• City of residence
• State of residence
• Area code
• Phone number
• Email address

Step 3: Provide the vehicle’s description

The following step is to describe the vehicle being sold. Here, you will need to include such details as:

• Manufacturer
• Vehicle’s model
• Vehicle’s body style
• Model year (MY)
• Odometer reading
• Color
• Vehicle Identification Number (VIN)

Step 4: Enter the purchase date and price

In this section, you will need to specify the purchase date and state the overall price that has to be paid for the vehicle. Then, decide on one of the sale methods:

1. One-time payment. The property owner is given the entire amount of money from the purchaser in one transaction and presents the vehicle to the purchaser within the same day.
2. Trade-in. If this particular option is selected, the selling party trades their motor vehicle for the vehicle offered by the buyer. If the buyer’s vehicle is cheaper, they’ll need to even that out with a supplementary payment. In this case, the document should also contain the buyer’s vehicle particulars.
3. Several payments. Indicate the downpayment amount and the date it should be given, along with the date by which the entire amount has to be transferred to the property owner.

Following that, select one payment method:

• Cash
• Cheque
• Cashier’s cheque
• Money order

The very last thing to complete within this part is to determine if all applicable taxes are included in the final cost.

Step 5: Go over the standard terms

Read the standard terms and ensure that both sides are familiar with them. They generally say that the buyer obtains the property in “as-is” condition and is liable for it once the purchase is completed.

Step 6: Sign the bill of sale

The purchaser is generally not requested to sign the form. However, it is recommended to have the form signed by all parties. You could also have one or a number of witnesses confirm the transaction.

Step 7: Certify the document

Even though notarization is rarely necessary, it functions as yet another way to guard against legal difficulties.

The purchaser should get the original bill of sale because it is frequently necessary during the title change. As a seller, you can either get a copy and store it or have a pair of identical documents signed and completed by both sides.

Create a free Illinois Bill of Sale online in under 5 minutes!

Registering a Vehicle in Illinois

All new motor vehicle owners in Illinois should register their vehicles after the vehicle transaction or on other occasions. For instance, the same vehicle registration applies whether you buy the car, inherit it, or receive it as a gift. The local law demands that you register it within 20 days of receiving the automobile to avoid legal trouble.

The registration procedure can occur in the nearest vehicle department office across the state. If you buy your motor vehicle from a dealer within the state, the dealer should complete the registration process for you. However, if you purchase a vehicle from an individual, you must register it yourself. You must complete all necessary paperwork and present it to the nearest local Illinois Secretary of State’s Office.

Illinois’s vehicle registration laws allow car owners to file the process online by filling out a digital form from its official web portal. However, printing out your completed form and handing over other necessary documents at your nearest local SOS office is necessary. It’s necessary to supply the following documents to complete your motor vehicle registration:

• Illinois vehicle bill of sale
• A title that the vehicle’s last owner signed
• Proof of current motor vehicle insurance from the state
• A driver’s license or state ID to prove one’s identity

Also, you should disclose if the vehicle has any lien; if it has, you should name the lienholder and their address. In addition, you have to be ready to pay all vehicle registration fees: 101,title:101, title: 101,title:95, and the applicable sales tax.

Relevant Official Forms

(Vehicle) Form VSD 703

(Vehicle) Form VSD 333

(Vehicle) Form RT 5

(Vehicle) Form RUT-49

(Boat) Watercraft Registration Application

(Firearm) Form 9-024

(Firearm) FFL License Affidavit

(Firearm) Request Form 2-707

Seller’s Report of Sale.

Odometer Disclosure Statement for Title Transfers.

Power of attorney.

Vehicle Transaction Affidavit.

Watercraft registration or title application required for boaters who want to operate in Illinois.

Gun Show Recognition Application Form.

Firearm Dealer License Certification Act is submitted by a person who want to retail, collect or manufacture the firearm.

FOID Investigation Relief Reinstatement Firearms Rights Form is submitted when the resident wants to appeal the denial of their FOID (Firearm Owner’s Identification) card.

Short Illinois Bill of Sale Video Guide

Published: Jul 12, 2022

Mara has been practicing estate planning and trust law in California since 2003, taking pride in helping clients of all backgrounds and asset profiles form a complete and customized estate plan. Her specialties are: estate planning, wills and trusts, trust and probate administration.