The document is commonly used to record the sale of aircraft, autos, motorcycles, and watercraft.
The seller must enter print name and date of execution and then sign the form.A bill of sale is a legal document that records the transfer of ownership of an asset to a second party in exchange for money. However, both the name and the address of the buyer must match with the name and the address on the bill of sale. Then write buyer’s name and the physical address. Write seller’s name and physical address. Continue by entering the year of manufacturing and make of the motor vehicle. Write the date of the sale on the first line of the form VSD 703.1. How To Write: VSD 703.1 or the Illinois Vehicle Sellers Report of Sale You may choose to attach a copy of the duly signed bill of sale along with form VSD 703.1 while submitting it to the office of the Secretary. This date and time must be same as it appears on the vehicle bill of sale. Make sure to enter the date and time of executing the form. This form must comprise information about you, vehicle, and the buyer. You may need to surrender the vehicle license plate upon submission of the seller’s report of sale. This form is also known as notice of transfer of the ownership. You must prepare a vehicle bill of sale along with preparing form VSD 703.1. Moreover, it helps you to release your responsibility and liability towards the ownership of the vehicle. You need to prepare form VSD 703.1 and submit to the Secretary of State Vehicle Services Department immediately after selling the vehicle. 
Springfield, IL 62756 Important Considerations For You As A Seller Of A Motor Vehicle Address to send the duly prepared and signed form VSD 703.1 is In addition, the seller requires signing assignment of the title portion of the certificate of the title and the buyer requires applying to Vehicle Services Department transfer and registration. Nevertheless, preparing and submitting form VSD 703.1 is not enough. Illinois Compiled Statutes offers the guidelines to satisfy the requirements of the transfer of the ownership.
VSD 703.1 or the Illinois Vehicle Sellers Report of Sale is a crucial document for the seller of a motor vehicle in the Illinois State. Free Illinois Vehicle Sellers Report of Sale – PDF Download.How To Write: VSD 703.1 or the Illinois Vehicle Sellers Report of Sale.Important Considerations For You As A Seller Of A Motor Vehicle.
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