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.
Illinois Vehicle Bill Of Sale With Signature
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
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.
Do I need to have my vehicle bill of sale notarized in Illinois? No, having a vehicle bill of sale notarized in Illinois is not required. However, notarizing it can provide extra legal protection for both the buyer and the seller.
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.
Where there are TWO registered owners listed on the title, the signatures and printed names of BOTH registered owners are required. Enter the DATE of SALE. Finally, the Buyer(s) signs and print name(s) on the last line. Don't make any entries on the back of the title.
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.