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When you sell and/or release interest in a vehicle that is titled and/or registered in the State of Illinois, this form must be immediately completed and mailed to the Secretary of State Vehicle Services Department to ensure that your responsibility for the vehicle is released.
Buying a Used Vehicle • If you intend to purchase a used vehicle, the Secretary of State strongly urges you to utilize an online national database, such as Carfax, and research a vehicle's history using its Vehicle Identification Number (VIN). Many used car dealers provide such a report to the prospective purchaser as a service.
An Illinois motor vehicle bill of sale documents the purchase and sale of a motor vehicle between a private seller and buyer in the State of Illinois. It serves as proof of a legal change of ownership and reflects details of the sale like the vehicle's age and condition at the time of purchase.
There is no issued DMV bill of sale form in the State of Illinois. Therefore, a purchase and sale agreement for a vehicle must be drafted by the parties involved. 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.
The Illinois DMV bill of sale form enables the buyer and seller to put the transaction details to paper, establishing solid proof that a motor vehicle purchase and sale ensued. Once the required information is written, the contract is finalized with both parties’ signatures.
Prepare a bill of sale for the buyer and keep a copy for yourself. Send a completed Seller's Report of Sale (Form VSD 703) to the IL SOS Vehicle Services Department. This form removes your liability from the sold vehicle.
ILLINOIS MOTOR VEHICLE BILL OF SALE 1. THE PARTIES. This transaction is made in the County of _____, State of Illinois, on _____, 20____ by and between: Buyer: _____ with a mailing address of _____ (“Buyer”), and agrees to purchase the Vehicle from:
Motor Vehicle (DMV) Bill of Sale Form – Affirms the information contained in a transaction of a vehicle for a payment amount. Download: PDF. Boat (Vessel) Bill of Sale Form – Communicates the details surrounding the sale of a vessel into a written agreement. Download: PDF.
Motor Vehicle Bill of Sale – Use to sell, purchase and change ownership of an automobile. Download: PDF, MS Word, OpenDocument. Boat Bill of Sale – To be used in the sale, purchase, and change of ownership for a vessel/boat. Download: PDF, MS Word, OpenDocument.
An Illinois motor vehicle bill of sale is used to prove that a vehicle was sold and ownership was transferred from one party to the other. The form details the sale date, purchase price, and the names and addresses of the parties involved.