This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
An Illinois vehicle bill of sale is a personal property document that's used during the transfer of ownership of a motor vehicle. It includes several key details related to the transaction, such as the buyer's and seller's personal information, vehicle description, the VIN, and an odometer reading.
The bill of sale must identify the new owner's name and address, the year model, make and vehicle identification number of the vehicle, court order document number authorizing such sale, if applicable, and the name and address of any lienholders in order of priority, if applicable.
This answers the question of is the bill of sale same as the title, as you'll need one to get the other. Think of the two documents as complementary. While a bill of sale certifies a transfer of ownership between two parties, a title certifies the buyer's legal ownership.
It is important to make sure all the requirements for the respected state law are included in the bill of sale. As, with any legal written document a bill of sale can be handwritten.
Include the new owner's name, seller's name, addresses, and contact information of both the buyer and the seller. Provide a detailed description of the item being sold. Include relevant information such as the make, model, year, VIN, serial number, any distinguishing features, or disclaimers.
Your bill of sale shows proof that both buyer and seller had legal intent to transfer ownership of any given item. Because of this, your bill of sale protects both parties involved in the sale from any malicious legal issues.
Many states don't mandate notarization for bills of sale. States like California, Texas, Florida, Ohio, and New York allow transactions without a notarized document. In these states, a signed bill of sale is often sufficient for legal purposes, provided it includes all required information.
If your state does not provide a digital bill of sale form, yes, you can handwrite one yourself. As long as the document includes all the necessary information and has consent from both parties and a notary, both digital and handwritten bills of sale are valid.
Many states don't mandate notarization for bills of sale. States like California, Texas, Florida, Ohio, and New York allow transactions without a notarized document. In these states, a signed bill of sale is often sufficient for legal purposes, provided it includes all required information.
A bill of sale can be stored as a printed physical version or in digital format.