Bill of Sale of Automobile and Odometer Statement for As-Is Sale - Illinois 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the 'County' and 'Amount' fields at the top of the Bill of Sale. This establishes the location and financial details of the transaction.
  3. In the section labeled 'Buyer(s)' and 'Seller(s)', enter the names of both parties involved in the sale. Ensure accuracy as this information is crucial for legal purposes.
  4. Complete the vehicle details, including 'Make', 'Model', 'Body Type', 'VIN', and 'Year'. This identifies the specific automobile being sold.
  5. Both sellers must sign and print their names at the bottom of the form, confirming their agreement to sell under these terms.
  6. For the Odometer Disclosure Statement, fill in your name as Transferor (Seller) and state the current odometer reading. Choose one of the statements regarding mileage accuracy.
  7. Provide your address details along with those of the Buyer. Both parties should sign this section as well.

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Laws and Regulations The federal government passed a law that requires a written disclosure of the mileage registered on an odometer be provided on the title by the seller to the purchaser when the ownership of a vehicle is transferred.
Any vehicle bill of sale template or document you create should include the following information: The sellers name and contact information. The buyers name and contact information. The vehicle make, model, year, color, VIN, and odometer reading. The date of the sale. The purchase price. Signatures of both parties.
How to Obtain an Odometer Disclosure Statement. Every state requires some form of odometer disclosure statement. You can visit your state Department of Motor Vehicles (DMV) website for specific details about where you live. Some states use a federal form for the statement, and others have their own unique templates.
The transferee, when applying for a title, is required to provide the transferors (sellers) title, and if that title contains a space for the ( print page 52667) transferor to disclose the vehicles mileage, that information must be included, and the statement must be signed and dated by the transferor.
Illinois law requires mileage disclosure for all vehicles. Exceptions include: vehicle weight of more than 16,000 pounds; vehicles 10 years old or older; vehicles that are not self-propelled; and vehicles manufactured without an odometer.
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An As-Is Bill of Sale is a legally binding document that records the sale of an item in its current condition, with no warranties or guarantees from the seller. This means that once the transaction is completed, the buyer assumes full responsibility for the item, including any defects or future repairs needed.
Bill of Sale and Other Sales Documentation Sale Date: Specific date when the sale occurred. Vehicle Details: Make, model, year, and VIN. Buyer and Seller Information: Full legal names and contact details. Sales Price: Agreed selling price of the vehicle. Condition Statement: Current condition and any known issues.
Can Odometer Statements Require Notarization? While specific regulations vary among states, some necessitate submitting notarized odometer disclosure statements and sale/title paperwork.

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