Although selling an automobile is a pretty straightforward operation, each state has its own set of rules to follow. Selling privately is a great option if possible as it may be more profitable, with a few extra steps. While it isn’t necessarily required, having a bill of sale does provide additional protections for both the buyer and seller. A bill of sale is necessary for a number of reasons. However, just because it isn’t required by the law doesn’t mean you shouldn’t have one. Illinois is one of the few states that does not need a bill of sale to do this. It can be especially important if the vehicle is ever involved in a legal dispute. This isn’t just necessary to transfer the legal title through a governmental agency, but it is also a vital aspect of personal record keeping. This essentially acts as a written record that marks the transfer of legal ownership of the vehicle being sold or donated. A vehicle bill of sale in Illinois is a convenient way to document ownership for used purchases. When the new buyer attempts to transfer the title and register the car with the Secretary of State’s Vehicle Services Division, this paperwork is frequently requested. A bill of sale acts as evidence of a legal change of ownership, highlighting specific transaction details as well as the condition of the vehicle at the time of purchase. A vehicle bill of sale in Illinois is used to document the purchase and sale of a car between a private seller and a buyer.
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