How To Sell A Car Illinois?

What paperwork do I need to sell my car in Illinois?

In Illinois, the only legally required documents to sell a car are your title and registration. Provided these two documents are in good order, you are ready to sell the vehicle. If the title has a lien on it, the lien will need to be paid off before you can sell the car.

How much does it cost to sell a car in Illinois?

The buyer must pay $95 to the Secretary of State, and a tax to the Department of Revenue. For vehicles worth less than $15,000, the tax is based on the age of the vehicle. It starts at $390 for a one- year old vehicle. It ends with $25 for vehicles at least 11 years old.

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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.

Does a bill of sale have to be notarized in Illinois?

Bills of sale do not require notarization in the state of Illinois, but it is always an option.

How do I notify the DMV when I sell my car?

You must notify DMV that you have sold, traded or donated your vehicle. This may be accomplished by going online, visiting a customer service center or contacting us by phone.

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).

Do you pay sales tax on a private car sale 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.

How much does it cost for title transfer in Illinois?

How Much Does It Cost To Transfer A Car Title In Illinois? Title fees in Illinois are $95, and they’re due at the time of transfer. Those coming from another state have 30 days to officially transfer their title, while those who buy or inherit a car need to register their car within 20 days.

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How do you write a bill of sale for a car in Illinois?

To write a basic Illinois bill of sale, including the following information about the buyer, the seller, and the item:

  1. The printed legal name of the buyer and seller.
  2. The date the bill of sale was created.
  3. Descriptive information about the item being sold.
  4. The amount of money the item was sold for.

How much does it cost to transfer a car title to a family member in Illinois?

Go to a Secretary of State office in person to handle the required paperwork. You can also mail the completed forms, signed title, $15 tax fee (as of April 2011) and the $95 title transfer fee (as of April 2011) to the Secretary of State, Vehicle Services Department, 501 S.

Can I get a title with a bill of sale in Illinois?

Applying for Title: Evidence of your right to acquire a title, such as a bill of sale, receipt or canceled check. If evidence of your ownership is not available, a notarized statement explaining how you came into possession of the vehicle is required.

Can a bill of sale be written on a piece of paper?

Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale. As, with any legal written document a bill of sale can be handwritten.

How long can I drive on a bill of sale 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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Where do I send notice of Sale in Illinois?

A dealer must send the title, transfer and sales tax to the Secretary of State’s office to be transferred to the buyer. Complete and mail the Notice of Sale form (attached to the bottom of the title) to the Secretary of State’s office.

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