The Cook Illinois Bill of Sale of Automobile and Odometer Statement is a legal document used to transfer ownership of a motor vehicle from one party to another within the state of Illinois. This document is essential for both the buyer and seller as it serves as a proof of the transaction and protects the interests of both parties involved. The Cook Illinois Bill of Sale of Automobile and Odometer Statement includes detailed information about the vehicle being sold, such as the make, model, year, vehicle identification number (VIN), and mileage at the time of sale. It also contains the names and addresses of both the buyer and the seller, along with their signature, making it a legally binding contract. The purpose of including an Odometer Statement in the bill of sale is to certify the accuracy of the vehicle's mileage at the time of sale. This statement is required by law to prevent odometer fraud, ensuring that the buyer has accurate information about the vehicle's mileage. There are a few different types of Cook Illinois Bill of Sale of Automobile and Odometer Statement based on the specific circumstances of the transaction: 1. Private Party Sale: This type of bill of sale is used when a vehicle is being sold by an individual to another individual, without involving a dealership or any third-party entities. 2. Dealer Sale: When a vehicle is purchased from a licensed dealership, a bill of sale is still required to document the transaction. In this case, the document may include additional information about the dealership, such as their name, address, and license number. 3. Gift or Donation: If a vehicle is being transferred as a gift or donated, a specific type of bill of sale is used to acknowledge the transfer of ownership without any monetary exchange. 4. Inheritance: In the event of a vehicle being passed down through inheritance, a bill of sale is still necessary to transfer ownership and document the transaction. It is important to note that the specifics of the Cook Illinois Bill of Sale of Automobile and Odometer Statement may vary depending on individual circumstances, but the essential purpose remains the same — to provide a legally recognized record of the vehicle's sale and transfer of ownership.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Cook Illinois Factura de Venta de Automóvil y Declaración de Odómetro - Illinois Bill of Sale of Automobile and Odometer Statement
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NHTSA recommends that a bill of sale be provided along with the title when the title transfer is in order. 3. Bill of Sale (VIN-Vehicle×. If you are selling your car in Illinois, you will need to obtain a vehicle identification number (VIN) from the DMV (Vehicle Titles and Registration) by completing the Vehicle Identification Number Verification (VA-VIN) bill of sale. A bill of sale is not required when transferring a current vehicle from the original owner to a new owner or from one car to another. The bill of sale form approves the exchange of a financial consideration for an item of property into a text register. If you are moving from out-of-state and registering your car in Illinois, you must submit a complete Tax Form RUT-25. 4. State Certificate of Inspection (Odometer-Statement×. A bill of sale and Odometer Statement are not required for title transfers.
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