SALES TAXES 6.1 The Purchaser shall pay any and all sales taxes payable in respect of the purchase and sale of assets pursuant to this agreement. Vehicle’s Title – Signed over from the previous ownerįorm RUT-50 – Request Most Updated VersionĪpplication for Registration and Title (VSD 190) – Form must be completed online and print. Agreement of Purchase and Sale of Business Assets of 5 6. * Power of Attorney (RT5) – *Only if someone else is to be representing the buyer or seller in the vehicle transaction or registration/title.
The following forms are required to be brought to a Secretary of State office location in your county. You should make sure that you have proof of insurance and that youre prepared to pay the full amount of tax and registration fees required for the vehicle. You can use a bill of sale along with the proper VSD form depending on your needs. All vehicles must be registered with the Secretary of State within twenty (20) days after the date of sale. To register a vehicle in Illinois, you need to apply for registration and title on the vehicle.
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