![]() Namely, it includes important information, such as the buyer’s and seller’s contact information, the date and location of the purchase, and the sale price. ![]() Though Illinois does not require a bill of sale, there are benefits to creating and keeping one for your records. However, new Illinois residents who lease vehicles must submit out-of-state titles or other proof of ownership, such as a bill of sale, when they apply for a title and registration. Illinois law does not require a vehicle bill of sale, which is a legal document that acts as a receipt and shows when ownership of a car switched hands, when it is purchased from an in-state dealer or individual. An Illinois bill of sale will protect both the buyer and seller in the event of a legal dispute, so both parties should keep a copy of the document for their records. ![]() When selling a vehicle, boat, or firearm you should use a bill of sale specifically for that purpose. Illinois bills of sale are forms used to legally document the sale of personal property in the state of Illinois.
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