A Motorcycle Bill of Sale form for Illinois documents the transfer of ownership of a motorcycle between private parties.
Use it as a receipt of the sales transaction and to protect yourself from fraud.
- What Is an Illinois Motorcycle Bill of Sale Form?
- Is a Motorcycle Bill of Sale Form Required in Illinois?
- Do You Need a Bill of Sale to Register a Motorcycle in Illinois?
- How Do I Transfer Ownership of a Motorcycle in Illinois?
- Can I Transfer Motorcycle Title With a Bill of Sale Only?
- Does an Illinois Motorcycle Bill of Sale Need To Be Notarized?
- Buying and Selling a Motorcycle in Illinois
- How To Write a Motorcycle Bill of Sale in Illinois (What To Include)
- Illinois Motorcycle Bill of Sale Sample
What Is an Illinois Motorcycle Bill of Sale Form?
An Illinois motorcycle bill of sale form establishes the purchase and sale of a motorcycle from a seller to a buyer in the State of Illinois.
It proves the legal change in ownership and highlights the sale details and the motorcycle’s condition at the time of purchase.
A motorcycle bill of sale for Illinois contains the following:
- The full names, addresses, and signatures of the seller and buyer
- The date of sale
- The motorcycle’s odometer reading at the time of sale
- The bike’s make, model, mileage, year, and vehicle identification number (VIN)
- The purchase price
Is a Motorcycle Bill of Sale Form Required in Illinois?
No, you are not required to use a motorcycle bill of sale form in Illinois.
However, you should still create a motorcycle bill of sale form as proof of purchase and to protect both parties in case an issue comes up regarding ownership.
Do You Need a Bill of Sale to Register a Motorcycle in Illinois?
No, you do not need a motorcycle bill of sale to register a motorcycle in Illinois.
To apply for title and registration with the Office of the Illinois Secretary of State, use the Electronic Registration and Title (ERT) System to complete and print an Application for Vehicle Transaction(s) (VSD 190).
You can also complete these documents by visiting the nearest Secretary of State facility.
How Do I Transfer Ownership of a Motorcycle in Illinois?
Motorcycle buyers must have the title put in their name and pay all required taxes within 20 days.
Here are the steps sellers and buyers should follow to transfer motorcycle ownership in Illinois:
Step 1 – Application
Complete an Application for Vehicle Transaction (Form VSD 190) online through the Electronic Registration and Title (ERT) System or in person.
Step 2 – Use Tax
File a Form RUT-50 (Private Party Vehicle Use Tax Transaction), available through Secretary of State facilities.
Step 3 – Title
Get the buyer and the seller to sign the motorcycle’s title and make sure the title is properly assigned from the seller to the buyer. You must also include an Odometer Disclosure Statement (Form VSD 333).
Step 4 – Registration
Pay the registration and title fees and other required taxes and fees. Tax must be paid on all motorcycle sales between individuals. The amount of tax depends on the model year.
Can I Transfer Motorcycle Title With a Bill of Sale Only?
Purchasing a motorcycle in Illinois with a bill of sale only is not possible.
Having only a motorcycle bill of sale is not acceptable in lieu of the registered owner’s release signature on the title.
Does an Illinois Motorcycle Bill of Sale Need To Be Notarized?
No, Illinois law does not require an Illinois motorcycle bill of sale to be notarized.
However, notarization provides many benefits, such as seller and buyer identification and transaction verification.
Buying and Selling a Motorcycle in Illinois
Selling a motorcycle to a private party can give you a substantial amount of money.
If you sell your bike through a commercial car dealer, the dealership will probably keep 10% to 50% of the motorcycle’s retail value.
Here’s how to sell a motorcycle in Illinois.
Step 1 – Research the Motorcycle’s Value
First, determine the bike’s value by using resources like Kelley Blue Book. Type in the bike’s mileage, year, condition, make, and model to get an accurate estimate for your particular area.
Step 2 – Take Photos and Videos of the Motorcycle
Polish your bike and park it in a clean space that highlights its condition, colors, and style.
You can then take pictures and videos of the motorcycle. Zoom in on parts that buyers would be interested in seeing before buying, such as the engine, tires, and odometer.
Step 3 – Write a Description of the Motorcycle
Write a comprehensive description of the motorcycle and why you’re selling it. At the very least, your description should include:
- Your reason for selling the motorcycle — for example, you’re getting a new bike
- The motorcycle’s purchase price
- How long you’ve owned the bike
- The bike’s year, mileage, make, and model
Post the description along with the photos of the motorcycle on multiple platforms, such as eBay and Autotrader.
If you’re selling your bike to someone you know, you can just send them the description, photos, and videos.
Step 4 – Prepare Important Documents
Potential purchasers may want to see your bike’s maintenance history and repair documentation.
These documents demonstrate that your bike is in good condition and well-maintained.
You should also gather the following documents to prove your identity and motorcycle ownership:
- A valid Illinois driver’s license or ID
- The motorcycle’s valid title
- Proof of insurance
Step 5 – Get a Motorcycle Bill of Sale Form
Before meeting any prospective buyers, download a printable motorcycle bill of sale for Illinois.
Fill out the parts you can complete by yourself, such as your full name, address, and motorcycle information.
Step 6 – Meet the Potential Buyer
Finally, you can arrange a face-to-face meeting with the prospective buyer to exchange documents and verify each other’s identity.
Before giving the buyer the motorcycle bill of sale form, remind them of the motorcycle’s purchase price.
If they are satisfied with the price, they can complete and both parties can sign the Illinois motorcycle bill of sale form.
How To Write a Motorcycle Bill of Sale in Illinois (What To Include)
Follow these steps to write your own Illinois motorcycle bill of sale.
Step 1 – Use Our Motorcycle Bill of Sale Form
Motorcycle owners often create bills of sale from scratch. However, creating documents from scratch can be exhausting.
Use our motorcycle bill of sale template for Illinois to speed up the process.
Step 2 – Answer the Document Builder Prompts
Next, go to our document builder and answer the prompts.
The builder will ask you to fill in the buyer and seller information and motorcycle information.
Step 3 – Review, Print, and Sign the Form
Once you’ve completed the form, you and the buyer can review, print, and sign the form.
Creating a motorcycle bill of sale for Illinois can be time-consuming, especially when you don’t have the energy or time to create one from scratch.
That’s where LegalTemplates’ motorcycle bill of sale for Illinois comes in. Just open the builder and follow the motorcycle bill of sale template instructions and prompts.
Once you’ve finished answering the questions, the builder will generate a complete bill of sale for signing.
Illinois Motorcycle Bill of Sale Sample
Below is an example of an Illinois motorcycle bill of sale form.