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How do I sell a car by owner in Illinois?

You'll need the following as part of selling a car in Illinois, per the Illinois Secretary of State. Your vehicle title. You'll need a valid vehicle title to give to the buyer. ... Get a Notice of Sale form. ... Create a Bill of Sale for the buyer. ... Print out the Odometer Disclosure Statement for Title Transfers.

What is rut 50 tax Illinois?

Tax form RUT-50 is an automotive tax form in the state of Illinois. It is known as the Private Party Vehicle Use Tax, which means that it taxes you for having purchased or acquired your car from a private party as opposed to a dealer or lender.

Can you register a car in Illinois with a bill of sale?

Illinois Bill of Sale Requirements But, if you are new to the state and want to register a vehicle with an out-of-state title, you'll need to submit either that title or proof of ownership, which could include a bill of sale.

How do I get a title with a bill of sale in Illinois?

How Do I Get a Bonded Title? Submit any evidence you have of your ownership of the vehicle, such as a bill of sale. ... Obtain the vehicle's current wholesale value from an authorized source. Purchase an Illinois title bond in an amount equal to 1 ½ times the vehicle's value. Complete a Motor Vehicle Use Tax Return.

What is rut 25 Illinois?

Individuals moving to Illinois who have purchased a vehicle from an out-of-state licensed dealer must submit a completed Tax Form RUT-25 (Vehicle Use Tax Transaction Return). Tax payments must be in the form of a separate check or money order payable to Illinois Department of Revenue.

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