- 1 What paperwork do I need to sell my car in Illinois?
- 2 How much does it cost to sell a car in Illinois?
- 3 What do I do with license plates when I sell my car in Illinois?
- 4 How do I notify the DMV when I sell my car?
- 5 Does a bill of sale need to be notarized in Illinois?
- 6 How much will license plates cost in Illinois in 2020?
- 7 Is it cheaper to transfer plates or get new ones?
- 8 How much does it cost for plates and registration in Illinois?
- 9 How much does it cost to switch title over in Illinois?
- 10 What documents are needed to transfer car title in Illinois?
- 11 How much does it cost to transfer a car title to a family member in Illinois?
- 12 How much is vehicle tax in Illinois?
- 13 Can I drive a car I just bought without plates in Illinois?
- 14 Do you pay sales tax on a private car sale in 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.
What do I do with license plates when I sell my car in Illinois?
Selling a Used Vehicle Remove the license plates on the vehicle before delivering it to the buyer. The license plates belong to the registered owner of the vehicle, not the vehicle itself. Give the buyer a valid title at the time of deliv- ery. The seller must sign and date the title when the sale is final.
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.
Does a bill of sale need to be notarized in Illinois?
Bills of sale do not require notarization in the state of Illinois, but it is always an option.
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).
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.
How much does it cost for plates and registration 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 does it cost to switch title over 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.
What documents are needed to transfer car title in Illinois?
You’ll need a copy of the letters of administration. If the will is not probated, and its value is $100,000 or less, you will need to provide the SOS with a copy of the will (certified), a copy of the death certificate, a small estate affidavit with the vehicle’s information (VIN, make, model, etc.) and the title.
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.
How much is vehicle tax in Illinois?
The rate is 6.25% of the purchase price or fair market value, whichever is greater.
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.
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.