Illinois vsd 703 1 2026

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The document is a Seller's Report of Sale form required in Illinois when selling or releasing interest in a vehicle. It must be completed and submitted to the Secretary of State Vehicle Services Department to release the seller's responsibility for the vehicle. The form includes sections for vehicle details, seller and buyer information, and requires the seller's signature to certify its accuracy.

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Click ‘Get Form’ to open the Illinois VSD 703.1 in the editor.
Begin by entering the 'Date of Sale' at the top of the form. This is crucial for record-keeping.
Fill in the 'Vehicle Year', 'Vehicle Make', and 'Vehicle Identification Number (VIN)' accurately to ensure proper identification of the vehicle.
Next, provide your details as the seller, including your 'Name' and 'Address'. Ensure that all information is complete and correct.
Enter the buyer's information in the designated fields, including their 'Name' and 'Address'. This confirms who will take ownership of the vehicle.
In the section labeled 'Mail To', confirm that it is addressed to the Secretary of State Vehicle Services Department with the correct address provided.
Finally, sign and date where indicated to certify that all information is true under penalties of perjury. This step finalizes your report.

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What is required on a bill of sale in Illinois?

Current contact info for buyer, seller, and any involved third parties like lienholders (including full name, address, and phone number) Accurate physical description of the car, including the vehicle identification number (VIN), present odometer reading, license plate number, make, model, and year of manufacture.

How to fill out power of attorney for vehicle transactions in Illinois?

0:25 2:49 The agent can only perform the transactions described in the POA. Notoriization the document must beMoreThe agent can only perform the transactions described in the POA. Notoriization the document must be signed by the principal in the presence of a notary.

Do both parties need to be present for a title transfer in Illinois?

Although some states require a bill of sale during the transaction, it is entirely optional in Illinois. The old title effectively serves as a formal bill of sale when adequately filled out and signed.

Can I do a title transfer online in Illinois?

Electronic Registration and Title Vehicle Services The ERT System may be used for the following transactions (mobile homes excluded): Title. Title and Transfer.

How to fill out an Illinois title when selling?

The Illinois state title requires you to enter the odometer readout, the buyers name, and the date. Youll then sign your own name exactly how it appears on the title, and then print your name in the field to the right of your signature.

seller's report of sale illinois

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How to fill out title transfer as seller?

0:09 2:11 Date of sale selling price tradein price if any and total price paid. The seller will also need toMoreDate of sale selling price tradein price if any and total price paid. The seller will also need to complete the purchaser. Information box they must complete the name of purchaser.