This forms package contains a Bill of Sale, Odometer Statement and Promissory Note. It is for the situation where the Buyer may be making a downpayment and paying the balance over time.
Auto Bill Of Sale Illinois Without
State:
Illinois
Control #:
IL-00431-C
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Illinois Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
Illinois doesn't require a bill of sale and the state doesn't have a standardized form for one. But, that doesn't mean you can't create your own as proof of the transaction to protect your interests.
Technically, no. However, having a Bill of Sale is always a good idea as it protects both the seller and the buyer of the vehicle. Also, don't confuse the Bill of Sale with a Notice of Sale, which all sellers of private vehicles are legally required to submit to Illinois' Vehicle Services department.
Illinois Car (Vehicle) Bill of Sale Illinois doesn't require a bill of sale and the state doesn't have a standardized form for one. But, that doesn't mean you can't create your own as proof of the transaction to protect your interests.
A bill of sale should include the name, address, and driver's license numbers of both the buyer and the seller, along with the signatures of both parties. This document should also include essential information about the vehicle, including the make, model, year, VIN, color, and current mileage at the time of sale.
The form should include all aspects of the transaction including the full names of all parties, description of the vehicle being sold, and the purchase price amount. Once signed, the bill of sale becomes a legally binding contract.