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#216068 - 07/23/08 03:34 PM Anyone here ever sell a car in Illinois?
PeterChenoweth Offline
connoisseur

Registered: 10/23/03
Posts: 1349
Loc: Jacksonville, IL
No, I am NOT posting this as a for-sale ad. I know that isn't allowed.

To make a long story very short, I have a really cheap vehicle that I'm trying to sell. 'Cheap' as in my M80's cost more. I've got the title, and it's in my name. There are no liens on it. I'm somewhat embarrassed to admit, but I've never actually privately sold a car before. My cars have always been bought and traded at a dealership, where they handle all of the paperwork.

So, for the few of us on the board that live in Illinois and have privately sold cars, what do you have to do to properly sell a car?

From looking at IL's DMV's site and talking to friends, I'm pretty sure that it's: 1) buyer looks at car, 2) price negotiations, 3) collect money (cash or certified check), 4) sign over title. And that's it for the seller. The buyer, of course, has to register it with the DMV and pay the sales tax. But as the seller, do I need to do anything else?

Both the license plate registration and insurance are expired on the car, so there's nothing to do as far as canceling that (it sits on private property). Which brings me to another question - will the buyer have to go to the DMV and get the thing registered before they drive it off my property? I know it's their problem if they get ticketed, but I'd rather be nice about it and tell them what they need to do.

I've found that an automobile bill-of-sale document is usually a smart move, though not legally required in Illinois. I've downloaded one online that looks pretty good. Basically just states that the seller has the right to sell the car, that the odometer is correct, and that the car is being sold as-is.

Does anyone have any advice, tips, or horror stories that they'd like to share?

And no, I will not take any advice as legally binding in any way.

Thanks in advance!
_________________________
M80v2 | VP150v2 | QS8v2
SVS Pci+ 20-39
Emotiva UMC-1 & LPA-1
M22ti + T-Amp, in the Office

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#216072 - 07/23/08 03:58 PM Re: Anyone here ever sell a car in Illinois? [Re: PeterChenoweth]
medic8r Online   content
axiomite

Registered: 02/05/06
Posts: 6269
Loc: Fredericksburg, Virginia
Sounds like you're on top of it!
_________________________
Sometimes you win, sometimes you lose, sometimes it rains.

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#216086 - 07/23/08 06:53 PM Re: Anyone here ever sell a car in Illinois? [Re: medic8r]
Wid Offline
axiomite

Registered: 06/22/03
Posts: 6715
Loc: The Peoples Republic of Il.

I do believe you have it all covered. One thing to consider is the test drive. If you have no insurance on the car you will be responsible if the driver were to have an accident of any kind. A call to your insurance company might be in order. Make sure the car has some type of coverage.

A bill of sale should be all the buyer would need to drive it off your property, that's all I have ever done. Make sure you put in writing " SOLD AS IS " .
_________________________
Rick


"A fear of weapons is a sign of retarded sexual and emotional maturity." Sigmund Freud


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#216091 - 07/23/08 07:31 PM Re: Anyone here ever sell a car in Illinois? [Re: Wid]
PeterChenoweth Offline
connoisseur

Registered: 10/23/03
Posts: 1349
Loc: Jacksonville, IL
Thanks Wid, I know that you live in Illinois too and I was hoping that maybe you'd chime in. ;\)

I have talked to my insurance agent and his advice was to not allow the car on the road at all, since it's not covered and that would be illegal. That does make a test drive impossible, so the buyer is just going to have to be content with driving it up and down my driveway. I know that probably will hurt the value a bit, but frankly it's not worth my time & effort to get it re-plated and insured.

The car has been in the paper for one day and I've had 5 calls already. Lots of demand for dirt cheap little fuel efficient cars these days! Two of the callers declined to come see it once I explained about not being able to take a test drive. I don't blame them one bit. But another still wanted to see it and after a few minutes made me an offer that I accepted, so I'm pretty happy about that. He's bringing cash tomorrow and the deed should be done.

The bill-of-sale document that I downloaded has a great big 'AS-IS', 'no warranty expressed or implied' clause in it, and I intend for both of us to sign it when he purchases it. Verbally, I was quite clear that the car is as-is.
_________________________
M80v2 | VP150v2 | QS8v2
SVS Pci+ 20-39
Emotiva UMC-1 & LPA-1
M22ti + T-Amp, in the Office

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#216095 - 07/23/08 08:38 PM Re: Anyone here ever sell a car in Illinois? [Re: PeterChenoweth]
Wid Offline
axiomite

Registered: 06/22/03
Posts: 6715
Loc: The Peoples Republic of Il.

Looks as if you did good, you covered your (rear) end well.
_________________________
Rick


"A fear of weapons is a sign of retarded sexual and emotional maturity." Sigmund Freud


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#216096 - 07/23/08 08:43 PM Re: Anyone here ever sell a car in Illinois? [Re: Wid]
SirQuack Offline
shareholder in the making

Registered: 01/29/04
Posts: 13309
Loc: Iowa
you can get insurance for just one day from your agent.
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M22-OWM22-VP100-Denon2805
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