How to buy a used car from a private seller in Illinois?
Make sure the vehicle’s title is provided and that it is signed and dated by the seller. Never purchase a vehicle with an altered title. Alterations and erasure marks invalidate a title. Confirm the name on the title matches the name of the seller and the VIN matches the VIN on the vehicle. The two parties (buyer and seller) meet in person. The buyer pays the seller. Both fill out the physical certificate of title, and sign. From this point on, the buyer is the legal owner of the car.
Who pays sales tax when selling a car privately in Illinois?
Who pays sales tax when selling a car privately in Illinois? Buyers must pay a transfer tax when they buy a car from a private seller in Illinois although this tax is lower when you buy from a private party than when you buy from a Dealer. This tax is paid directly to the Illinois Department of Revenue. Technically, no. However, having a Bill of Sale is always a good idea as it protects both the seller and the buyer of the vehicle. Also, don’t confuse the Bill of Sale with a Notice of Sale, which all sellers of private vehicles are legally required to submit to Illinois’ Vehicle Services department.Illinois Car (Vehicle) Bill of Sale Illinois doesn’t require a bill of sale and the state doesn’t have a standardized form for one. But, that doesn’t mean you can’t create your own as proof of the transaction to protect your interests.