FAQ: How To Buy A Used Car In Illinois?

Can I drive a car I just bought without plates in Illinois?

Drive without license plate just bought car IL. If you do not get your plates right away, the state of Illinois allows you 24 hours to drive your car without plates. However, you will only be able to drive your car from where you purchased it directly to the DMV, no pit stops.

When I buy a car from a private seller can I drive it home in Illinois?

Private Purchase of a Vehicle If you buy your vehicle from a private party without the assistance of a dealer, you can legally drive the vehicle without a license plate for 24 hours, but you must have the title to the vehicle with you when you are driving.

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Do you pay sales tax on a used car from private seller in Illinois?

Do you pay taxes when buying a car privately in Illinois? You have to pay a use tax when you purchase a car in a private sale in Illinois. The tax rate is based on the purchase price or fair market value of the car.

Is there a 30 day warranty on used cars in Illinois?

CHICAGO (CBS) — People who buy used cars are protected in Illinois by a law that took effect on July 1, 2017. It requires used car dealers who sell cars “as-is”, even auctions, to provide a limited powertrain warranty for 15 days or 500 miles, whichever comes first.

How much will license plates cost in Illinois in 2020?

At the start of 2020, the vehicle registration fee will go up $50 (to $151 ), and the state dealer fee will be increased by $125 (to $300).

How do you sign over a car title in Illinois?

Here’s what you need to do:

  1. Make sure you receive the completed title from the seller.
  2. Complete the Application for Vehicle Transaction(s).
  3. Obtain and complete the Private Party Vehicle Tax Transaction form, which can only be found at a local SOS office.
  4. Pay the $95 title transfer fee.
  5. Name changes: $15 per name.

What do I need to do when buying a used car from the DMV?

5 Things to Do After Buying a Used Car

  1. Transfer the title. The first thing you need to do is secure a clean title to the vehicle.
  2. Get your vehicle insured.
  3. Register your car at the DMV.
  4. Get your car inspected by a mechanic.
  5. Get auto breakdown coverage for your car.
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Is it cheaper to transfer plates or get new ones?

It’s also much cheaper and easier to transfer personalized plates than it is to cancel them and purchase them again with your new vehicle. Even if you don’t have a personalized license plate, there are many reasons to transfer your current license plate number from your old vehicle to your new one.

Do you need a bill of sale to register a car in Illinois?

The buyer will need the Bill of Sale in applying for Registration. Remember: Cancel your Insurance and know how to cancel license plates. You may transfer them to your new vehicle or if not, you will need to return them to the Illinois Secretary of State.

How much is tax title and license on a used car in Illinois?

How much does it cost to title and register my vehicle in Illinois? The total fee for a standard vehicle is $301 ($150 vehicle title + $151 registration/license plates).

How much is tax and title on a used car in Illinois?

Title fee increase: In July 2019, title fees increased to $150 from $95. Car registration fee: Increased in January 2020 to $151 from $101. Dealer documentation fee: Increased to a limit of $300 in January 2020 from a limit of $166.

What is the tax rate on used cars in Illinois?

The rate is 6.25% of the purchase price or fair market value, whichever is greater.

Can you return a used car if it has problems?

(That designation, which is applied to a vehicle that continues to have a defect or defects that substantially impair its use, value, or safety, legally entitles its owner to a refund or “comparable replacement vehicle.”) In situations where there is a clear problem with a new or newly purchased used car, the dealer

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How many days do I have to return a used car in Illinois?

Three-Day Return Many dealers offer a money-back guarantee on used car sales, or allow buyers to return the car with no questions asked within three days or less. However, unless the dealer specifically extends this privilege, purchasers have no right under Illinois law to return the car for a full refund.

Is there a buyers remorse law in Illinois?

Illinois law provides citizens with the right to cancel certain consumer transactions within three business days. However, many people mistakenly believe that you have a three-day right to cancel all transactions.

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