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- What you need to sell a car in Illinois
- Documenting the sale
- Signing the title over
- Reporting the sale
- Finding affordable car insurance
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Selling a car in Illinois requires you to transfer the title to the new owner, report the sale to the Illinois Secretary of State, and remove the license plates.
To sell a car in a private sale, it’s important to understand the rules and regulations before you get started. If you skip a step, you might end up legally liable for a car that you no longer own. Each state has different laws regarding car sales, and it can be tough to keep them all straight.
That’s why the car insurance comparison app Jerry has compiled everything you need to know about selling a car in Illinois.
What you need to sell a car in Illinois
In order to sell a car in Illinois, you will need to follow these steps:
- Gather the buyer’s information, including name and address
- Transfer the title to the new owner
- Create a bill of sale
- Send a Notice of Sale form to the Illinois Secretary of State
- Remove the license plates before delivering the car to the new owner
You cannot sell your car if the title has a lien on it, so you will need to pay off any loans before the transaction.
If you’ve lost your title, you will need to request a duplicate title by filling out an Application for Vehicle Transaction(s) (VSD 190) and paying a $50 fee to the Secretary of State, either in-person or by mail.
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Documenting the sale
Once you’ve found a buyer, document the transaction with a bill of sale. Be sure to include the following information:
- The date of the sale
- The sale price
- The vehicle details
Give the buyer a copy of the bill of sale, and be sure to keep a copy for your own records.
Signing the title over
When the sale is final, sign and date the “Assignment of Title” section on your Certificate of Title and give it to the buyer. The buyer can then take this document to the Illinois Secretary of State in order to obtain a new title and register the vehicle in their own name.
Reporting the sale
After you sell your car, you must report the sale immediately by filling out the “Notice of Sale” form found on the bottom of your title and sending it to the Secretary of State’s Vehicle Services Department.
If the title does not include a Notice of Sale form, you can download a Seller’s Report of Sale document from the Illinois Secretary of State website.
You will be asked to provide the following information:
- Date of sale
- Vehicle make, model, and year
- Vehicle identification number (VIN)
- Name and address of the seller
- Name and address of the buyer
Finding affordable car insurance
Once you’ve sold your car and you’re on the hunt for a new one, don’t forget to update your car insurance. When you buy a new vehicle, your insurance rates will often change. Make sure you’re getting the lowest rate on the coverage you need by comparison shopping with the Jerry app.
Jerry will collect quotes from over 50 top insurance companies, like GEICO, Progressive, and Nationwide, in seconds! They even help cancel your old policy once you’ve chosen a new one. The average Jerry user saves over $800 on car insurance every year.
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