Form VSD 106. Certificate of Purchase - Illinois
Form VSD 106 - Certificate of Purchase serves as a document that confirms the purchase of a vehicle in the state of Illinois. This form is used when an individual or entity buys a vehicle from a private seller or dealer, establishing ownership and providing necessary details about the transaction.
For example, if someone purchases a used car from a private seller, they would fill out the VSD 106 form to record the purchase. This form is essential for maintaining accurate records of vehicle ownership transfers and for complying with legal requirements.
Form Structure
This form involves the buyer and seller of the vehicle. It's structured with sections to input details about the vehicle, both buyer and seller information, purchase price, and the date of purchase. Signatures of both parties are typically required to validate the transaction.
How to Fill Out and Submit the Form
To complete the VSD 106 form, the buyer and seller need to provide accurate information about the vehicle, the transaction, and their personal details. The form is then submitted to the Illinois Secretary of State's office for processing, often along with other required documents such as a bill of sale and title transfer application.
While completing the form, remember to attach a bill of sale and ensure that all the information is accurate. If needed, consult the Illinois Secretary of State's guidelines for any additional requirements or documentation.
Related Forms: VSD 190 - Application for Vehicle Transaction(s), VSD 217 - Application for Duplicate/Correction for Certificate of Title