IL · BILL-SALE · Updated June 2026 · Free
Illinois Bill of Sale
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Illinois at a glance: DMV Form: VSD 703 (Vehicle Bill of Sale) · Notarization Required: No · Title Transfer Deadline: 30 days from date of sale
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Overview
Bills of Sale in Illinois
Illinois requires a bill of sale for motor vehicle private sales. The Illinois Secretary of State provides a Vehicle Bill of Sale (VSD 703) form. The buyer must apply for title within 30 days of the sale.
Illinois charges 6.25% state sales tax on vehicle sales, plus local taxes. For private sales, the tax is calculated on the purchase price or the "fair market value" (whichever is higher).
Key Facts
Illinois Bill of Sale — Quick Reference
| Requirement | Illinois Rule |
|---|---|
| DMV Form | VSD 703 (Vehicle Bill of Sale) |
| Notarization Required | No |
| Title Transfer Deadline | 30 days from date of sale |
| Odometer Disclosure | Required |
| Sales Tax | 6.25% state + local taxes |
Legal Requirements
Illinois Legal Requirements
- Buyer must apply for title within 30 days of purchase.
- Odometer disclosure required.
- Bill of sale should show purchase price for tax purposes.
- Seller should complete the title assignment section and keep a copy.
Governing Laws
Illinois Governing Laws
625 ILCS 5/3-112
Title Transfer
Requires application for Illinois title within 30 days of a vehicle purchase.
Read the full text of these laws at Cornell Law School's Illinois legal resources or your state legislature's official website.
Questions & Answers
Illinois Bill of Sale — Frequently Asked Questions
Does Illinois require a bill of sale for a car?
Yes. Illinois requires a bill of sale (Form VSD 703 or equivalent) for private vehicle sales to support the title transfer at the Secretary of State office.
How much is sales tax on a private car sale in Illinois?
Illinois charges 6.25% state sales tax on the purchase price or fair market value of the vehicle, whichever is higher, plus applicable local taxes.
Does an Illinois bill of sale need to be notarized?
No. Illinois does not require notarization for vehicle bills of sale.