Quick Answer: How Do You Sign Over A Car Title To A New Owner In Illinois?

How long can you drive on a bill of sale in Illinois?

i) Section 3-801 of the Illinois Vehicle Title and Registration Law of the Illinois Vehicle Code [625 ILCS 5/3-801] provides a 24 hour grace period applicable only to vehicle sales between individuals to allow the buyer to drive the vehicle from the point of sale to the individual’s residence or to a facility to obtain ….

How do you sign over a title to someone else?

On the title where it says “Signature(s) of all purchaser(s),” all persons who are buying the car should sign their names. Next to that, the seller should sign their name. On the next line, all buyers and sellers should print their names.

What happens if buyer does not sign title?

If the buyer does not sign the title and mail or give it to DVS, then the seller’s name stays on the title of the car. If the buyer doesn’t transfer the title within 10 days, the car’s registration is suspended.

What documents are needed to transfer car title in Illinois?

Items you will needIllinois form VSD-190.Illinois tax form RUT-50.Fee.Vehicle title.Current odometer reading.VIN number.

How long does it take to transfer car title in Illinois?

Please allow two to three weeks processing time for Duplicate/Lost Title applications and six weeks processing time for New/Corrected/Transfer Title applications.

Do both owners have to sign title to sell car in Illinois?

To legally transfer the car, you must sign the title over to the buyer. If you own your car along with another co-owner, all co-owners must sign. … It should also name the seller and buyer, and include their addresses. It should be signed by both seller and buyer.

Who owns a car when two names are on the title?

Both named title holders are legal owners. The only difference is how the names may be separated. If there is an AND between the names both named title holders must sign the title for it to be sold or traded. If an OR separates the two names either can sign off on the title for it to be sold or traded.

When selling a car What do you do with the title?

Part 1 of 3: Purchasing or selling a used carStep 1: Complete a bill of sale. … Step 2: Exchange funds. … Step 3: Release any liens on the car title. … Step 1: Obtain the car title from the seller. … Step 2: Fill out the title transfer section on the title. … Step 3: Submit the paperwork to the DMV.More items…•

What do you need to sell a car privately in Illinois?

Understand Your Legal Liability When Selling A Car In IllinoisObtain and fill out the Illinois Notice of sale form.Remove the license plates from the car. … Confirm that the buyer has a valid driver’s license.Confirm that the buyer has valid car insurance.move all personal identification from the car.More items…•

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

Illinois private party vehicle use tax is based on the purchase price (or fair market value) of the motor vehicle, with exceptions noted on the right (i.e., for motorcycles and specific situations). … The fair market value may be obtained from a licensed dealer. Note: A trade-in deduction is not allowed on this tax.

Does a car title need to be notarized in Illinois?

Is the Illinois title required to be notarized? No.

How much does it cost to get a title transfer in Illinois?

Pay the $95 title transfer fee. There are other fees that may be assessed as well, including the following: Name changes: $15 per name. Duplicate title (if lost): $95.

Can you register a car without a title in Illinois?

Only your local DMV can. Call your local DMV, explain why you do not have a title, and ask if you could get a bonded title.

How do you sign over a car title in Illinois?

Where Do I Sign an Illinois Title? Sign on the front of the title on the lower left side where it is marked “Signature(s) of Seller(s)”. Print your name on the front of the title above “Printed Name(s) of Seller(s).” Remember to always sign your title in blue or black ink.

Can you transfer a car title online in Illinois?

You can do this online or by stopping at your local Secretary of State (SOS) office. Illinois residents will still need to pay a $95 charge for a duplicate, as well as any taxes or fees that may be outstanding on the vehicle.

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

These documents protect both the seller and buyer and in many cases make it possible to register items with the state when needed. … These forms also prove change of ownership. If a document requires notarization, do not enter signatures until all parties are before a notary public.

Do you need a bill of sale to transfer title in Illinois?

Submit a completed Seller’s Report of Sale, Form VSD 703 to the Illinois SOS Vehicle Services Department. In Illinois, there is no official bill of sale, so you can make your own. It should contain the name, address and phone number of both the buyer and seller.