The Illinois Affidavit of Title — Bill of Sale is a document that is used to transfer ownership of a motor vehicle from a seller to a buyer. It is used when the vehicle's title is not available, or when the title does not match the information on the vehicle. The Affidavit of Title — Bill of Sale must include the following information: seller's name and address, buyer's name and address, description of the vehicle (year, make, model, body type, vehicle identification number (VIN), and odometer reading), sale price, date of sale, and seller's signature. In addition, the seller must include a notarized statement verifying that they are the true owner of the vehicle. There are two types of Illinois Affidavit of Title — Bill of Sale: the Certificate of Title Without Assignment Affidavit, and the Certificate of Title With Assignment Affidavit. The Certificate of Title Without Assignment Affidavit is used when the seller is the registered owner of the vehicle and is transferring ownership without an intermediary. The Certificate of Title With Assignment Affidavit is used when there is an intermediary (e.g., a dealership or another individual) involved in the sale.
Illinois Affidavit of Title - Bill of Sale
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How to fill out Illinois Affidavit Of Title - Bill Of Sale?
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2. Illinois Car (Vehicle) Bill of Sale 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.
How do I apply for a Bonded Title with the Secretary of State? You can submit a bill of sale, receipt or canceled a check.Submit a written appraisal of the vehicle's current wholesale value for a licensed vehicle dealer.Pay the application fee. Complete a Motor Vehicle Use Tax Return form.
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 signatures and printed names of both registered owners are required to sell the vehicle. ThenMoreThe signatures and printed names of both registered owners are required to sell the vehicle. Then you enter in the date of sale. Then the buyer signs and prints their name or names on the last line.
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's the final step in the process and proves that the buyer is the legal owner.
How Do I Write an Illinois Bill of Sale? The printed legal name of the buyer and seller. The date the bill of sale was created. Descriptive information about the item being sold. The amount of money the item was sold for. The signatures of the parties.
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.
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.