Illinois Bill of Sale of Motor Vehicle (Sold “As-Is” — No Warranty of Condition)

Illinois Bill of Sale of Motor Vehicle
(Sold “As-Is” — No Warranty of Condition)

STATE OF ILLINOIS, COUNTY OF
VEHICLE LOCATED IN COUNTY OF , STATE OF ILLINOIS
1. DATE OF SALE AND PARTIES. This Bill of Sale is made and takes effect on (the “Date of Sale”), by and between:
The Date of Sale matters — the title-application, registration, and tax deadlines in your state instructions run from this date.
SELLER — FULL LEGAL NAME STREET ADDRESS CITY, STATE, ZIP COUNTY OF RESIDENCE DRIVER’S LICENSE / ID NO. (OPTIONAL)   |   BUYER — FULL LEGAL NAME STREET ADDRESS CITY, STATE, ZIP COUNTY OF RESIDENCE DRIVER’S LICENSE / ID NO. (OPTIONAL)
Seller and Buyer are each referred to as a “Party” and together as the “Parties.”
2. VEHICLE SOLD. Seller sells, transfers, and conveys to Buyer the following motor vehicle (the “Vehicle”):
YEAR MAKE MODEL BODY TYPE COLOR VEHICLE IDENTIFICATION NUMBER (VIN) TITLE NO. (IF ANY)
Copy the VIN exactly as it appears on the vehicle’s title and dashboard plate. An incorrect VIN can delay or block the buyer’s title application.
3. PURCHASE PRICE AND PAYMENT. The Parties agree to the following consideration (check ONE):
☐ Paid in full. Seller acknowledges receipt of the total purchase price of $ (the “Purchase Price”) from Buyer on or before the Date of Sale.
☐ Down payment and promissory note (seller financing). Seller acknowledges receipt of a down payment of $, and Buyer agrees to pay the remaining balance of $ (together, the “Purchase Price”) according to a separate promissory note signed by Buyer and dated .
☐ Gift. The Vehicle is transferred as a gift for no monetary consideration. Relationship of Buyer to Seller (if any): .
Gift transfers can change tax and title paperwork — see your state instructions before choosing the gift lane.
Lien on title (seller financing only). If the seller-financing option is selected, Buyer grants Seller a purchase-money security interest in the Vehicle to secure payment of the unpaid balance evidenced by the promissory note described above; when Buyer signs this Bill of Sale, it also serves as the security agreement for that security interest under the Uniform Commercial Code (the Parties may also sign a separate security agreement with additional terms). Title to the Vehicle transfers to Buyer at delivery, and Seller will be listed as the lienholder on the certificate of title until the promissory note is paid in full. The Parties will record Seller’s lien using the state title agency’s lien-notation procedure described in the included state instructions. When the note is paid off, Seller will sign the lien release on the title (or the agency’s release form) and deliver it to Buyer promptly.
4. TRANSFER. For the consideration stated above (or, if the gift option is selected, for no monetary consideration), Seller sells, transfers, and conveys the Vehicle to Buyer and Buyer’s successors and assigns.
Seller will deliver to Buyer, on the Date of Sale (or on the following date, if the Parties agree: ): (a) possession of the Vehicle; (b) the certificate of title for the Vehicle, signed to transfer ownership to Buyer (if the Vehicle is titled); and (c) all keys, fobs, and registration documents for the Vehicle in Seller’s possession.
5. WARRANTY OF TITLE. Seller warrants that Seller is the true and lawful owner of the Vehicle and has the right to sell it; that, except as disclosed in this Bill of Sale, the Vehicle is free and clear of all liens, security interests, encumbrances, claims, and demands of every kind; and that Seller will warrant and defend title to the Vehicle to Buyer against every person lawfully claiming it.
☐ Existing liens or encumbrances held by third parties and disclosed by Seller (check one): ☐ None ☐ As follows:
Disclose any existing third-party lien above and pay it off at or before delivery (your state instructions describe the payoff-and-release procedure). Selling the Vehicle with an undisclosed lien breaches the warranty in this section. A seller-financing lien created by the payment section above is not a defect in title.
6. CONDITION — SOLD “AS IS”. Known defects. Seller discloses the following known defects, if any, in the Vehicle (list all known defects; write “None” if none; attach another page if needed):

AS-IS DISCLAIMER. EXCEPT FOR THE WARRANTY OF TITLE STATED ABOVE, THE VEHICLE IS SOLD “AS IS” AND “WITH ALL FAULTS.” SELLER MAKES NO OTHER WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR ANY IMPLIED WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. BUYER ACKNOWLEDGES THAT BUYER HAS INSPECTED THE VEHICLE (OR HAS HAD THE OPPORTUNITY TO INSPECT IT) AND ACCEPTS IT IN ITS PRESENT CONDITION.
7. ODOMETER DISCLOSURE STATEMENT (SUPPLEMENTAL). Federal law (49 U.S.C. § 32705; 49 C.F.R. Part 580) requires the seller of a motor vehicle to give the buyer a written odometer disclosure when ownership is transferred. For most private sales the operative disclosure is made on the certificate-of-title assignment (or on a secure state reassignment form). This supplemental statement records the same information as evidence; it does not replace the disclosure on the title. Failure to complete the required disclosure, or making a false statement, may result in fines and/or imprisonment.
Seller states that the odometer of the Vehicle described in this Bill of Sale now reads miles (no tenths), and (check ONE):
☐ The odometer reading reflects the actual mileage of the Vehicle.
☐ The odometer reading reflects mileage in excess of the odometer’s mechanical limits (the odometer has rolled over).
☐ The odometer reading is NOT the actual mileage (odometer discrepancy).
☐ Exempt (check if applicable): ☐ the Vehicle is exempt from odometer disclosure because it has a gross vehicle weight rating over 16,000 lb., is not self-propelled, or meets the federal age exemption (model year 2010 or older transferred at least 10 years after January 1 of the calendar year corresponding to its model year; model year 2011 or newer transferred at least 20 years after January 1 of the calendar year corresponding to its model year — 49 C.F.R. § 580.17).
TRANSFEROR (SELLER) SIGNATURE DATE   |   TRANSFEREE (BUYER) SIGNATURE DATE
8. ADDITIONAL TERMS (OPTIONAL). The Parties agree to the following additional terms, if any:

9. GOVERNING LAW. This Bill of Sale is governed by the laws of the State of Illinois, without regard to conflict-of-laws rules.
10. SIGNATURES. The Parties are signing this Bill of Sale on the Date of Sale first written above (or on the date written next to each signature). Every owner listed on the current title or ownership records must sign — additional sellers or buyers sign in the Additional Terms section or on a duplicate original.
Each party should sign two identical originals and keep one. The buyer will need this Bill of Sale (and the signed title assignment) to title and register the vehicle — see your state instructions.
SIGNATURE OF SELLER PRINTED NAME OF SELLER DATE SIGNED   |   SIGNATURE OF BUYER PRINTED NAME OF BUYER DATE SIGNED
11. NOTARY ACKNOWLEDGMENT (OPTIONAL UNLESS REQUIRED).
Most states do not require a bill of sale to be notarized. A few require notarization of the title-assignment paperwork instead — see your state instructions before skipping this section.
STATE OF ILLINOIS, COUNTY OF .
On , before me, the undersigned notary public, personally appeared , known to me (or proved to me on satisfactory evidence) to be the person whose name is signed above as Seller, and acknowledged to me that they signed this Bill of Sale for the purposes stated in it.
WITNESS my hand and official seal.
NOTARY PUBLIC SIGNATURE   |   My commission expires: [ Notarial seal ]