- 1 What paperwork do I need to sell my car in Illinois?
- 2 What do I do with license plates when I sell my car in Illinois?
- 3 Do both owners have to sign title to sell car in Illinois?
- 4 Does a bill of sale have to be notarized in Illinois?
- 5 Can I drive a car I just bought without plates in Illinois?
- 6 How much does it cost to transfer a car title and plates in Illinois?
- 7 Do I need to return license plates in Illinois?
- 8 How do I sell a car to a family member in Illinois?
- 9 What documents are needed to transfer car title in Illinois?
- 10 Do you pay sales tax on a private car sale in Illinois?
- 11 What is the best way to pay for a private car sale?
- 12 How do I get proof that I sold my car?
- 13 Am I responsible for a car after I sell it?
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.
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.
Do both owners have to sign title to sell car in Illinois?
Whoever the co-owners are, they must all sign the title over to the buyer. You should also have the buyer sign a Bill of Sale. It should also name the seller and buyer, and include their addresses. It should be signed by both seller and buyer.
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.
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.
How much does it cost to transfer a car title and plates in Illinois?
Correct fee for title is $150.00, transfer of plate fee is $25.00. registration fees vary depending on the type of plates required for the particular vehicle. If an original title is lost the vehicle owner can apply for a duplicate title.
Do I need to return license plates in Illinois?
No, the Secretary of State does not require the return of the license plates.
How do I sell a car to a family member in Illinois?
How to Transfer a Title to Family Members in Illinois
- Obtain copies of the VSD-190 title transfer form and the RUT-50 tax form. Fill out both completely.
- Record the current odometer reading on the odometer line of the title.
- Go to a Secretary of State office in person to handle the required paperwork.
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.
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.
What is the best way to pay for a private car sale?
Getting payment: Cold, hard cash is the easiest way to collect payment for your vehicle. The buyer might request a receipt for the cash. If you provide a bill of sale, this will serve as a receipt.
How do I get proof that I sold my car?
You can use the title certificate with the new owner’s name, the bill of sale or the sales tax form as proof you sold your car. You can download a bill of sale from your state’s DMV website for both parties to sign. If you need additional documentation, contact the buyer for additional proof.
Am I responsible for a car after I sell it?
That means that, as a seller, you’re not responsible for the car after it’s sold. As long as the contract doesn’t say you’ll take the car back if something goes wrong (and why would you do that?), you’re good. Anything that was said during the sale won’t put the seller on the hook either.