Illinois Vehicle Bill Of Sale With Promissory Note Template
Description
How to fill out Illinois Bill Of Sale For Automobile Or Vehicle Including Odometer Statement And Promissory Note?
The Illinois Vehicle Bill Of Sale With Promissory Note Template you see on this page is a reusable formal template drafted by professional lawyers in compliance with federal and state laws. For more than 25 years, US Legal Forms has provided individuals, businesses, and legal professionals with more than 85,000 verified, state-specific forms for any business and personal situation. It’s the fastest, simplest and most trustworthy way to obtain the documents you need, as the service guarantees bank-level data security and anti-malware protection.
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FAQ
An Illinois general bill of sale is a legal document that would usually be used for the sale, purchase, or trade of any personal property between two (2) private parties. It serves as proof that the item(s) was properly sold and purchased. It also proves the change of ownership. This document will require notarization.
Any vehicle bill of sale template or document you create should include the following information: The seller's name and contact information. The buyer's name and contact information. The vehicle make, model, year, color, VIN, and odometer reading. The date of the sale. The purchase price. Signatures of both parties.
No. Promissory notes do not need to be notarized. The borrower only needs to sign the document to make it legally enforceable. A witness may be helpful if one party contests the note, but a notary is not necessary.
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.
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.