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.
Automobile Bill Of Sale Illinois With Lien
State:
Illinois
Control #:
IL-00431-C
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Illinois Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
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FAQ
On the front of the title, you will complete the bottom block called ASSIGNMENT OF TITLE. On the first line print the buyer(s) name and address. Fill in the odometer reading in the space provided. Enter your mileage EXACTLY AS IT APPEARS ON YOUR ODOMETER.
To obtain a title for a vehicle without the proper surrender documents, the following items must be submitted to the Secretary of State's office: 1. Evidence of your right to acquire a title, such as a bill of sale, receipt or canceled check.
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.
If the title has a lien on it, the lien will need to be paid off before you can sell the car. A dealership can purchase a vehicle with a lien, but a private buyer cannot. This means that if you owe money on your vehicle, you'll have to make arrangements to have it paid off before transacting the sale.
How to Sign Your Illinois Title Transfer in 3 Steps - YouTube YouTube Start of suggested clip End of suggested clip This is where you're gonna sign your name exactly how it appears up here. And then right below thatMoreThis is where you're gonna sign your name exactly how it appears up here. And then right below that you're gonna print the name.