This form is a bill of sale of an automobile which shows proof of purchase.
This form is a bill of sale of an automobile which shows proof of purchase.
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When you sell or buy a vehicle, you'll want a Bill of Sale for your safety. This serves as a legal contract from the seller to the buyer documenting the change in ownership and the purchase price. The State of Illinois doesn't require a Bill of Sale because it's not mandatory but it is recommended.
To write a basic Illinois bill of sale, including the following information about the buyer, the seller, and the item: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.More items...
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.
To write a basic Illinois bill of sale, including the following information about the buyer, the seller, and the item: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.More items...
Illinois doesn't require a bill of sale and the state doesn't have a standardized form for one. But, that doesn't mean you can't create your own as proof of the transaction to protect your interests.
A motor vehicle bill of sale records the transaction between a buyer and seller for the purchase of a motor vehicle. The document can be used as proof of purchase, much like a receipt.
You'll need the following as part of selling a car in Illinois, per the Illinois Secretary of State.Your vehicle title. You'll need a valid vehicle title to give to the buyer.Get a Notice of Sale form.Create a Bill of Sale for the buyer.Print out the Odometer Disclosure Statement for Title Transfers.
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.
Bills of sale do not require notarization in the state of Illinois, but it is always an option.