Cost Of Motorcycle Title Transfer In Illinois
Motorcycle title transfer in Illinois is a process that every motorcycle owner in the state must go through to transfer ownership of a motorcycle from one person to another. The process involves the transfer of the certificate of title from the seller to the buyer. This certificate of title is the legal document that proves ownership of the motorcycle.
Before transferring a motorcycle title in Illinois, it is important to know the cost involved. In this article, we will discuss the cost of motorcycle title transfer in Illinois in detail.
What is Motorcycle Title Transfer?
A motorcycle title transfer is a process that allows the ownership of a motorcycle to transfer from one person to another. The transfer of ownership is done by transferring the certificate of title from the seller to the buyer. The certificate of title is a legal document that proves ownership of the motorcycle.
When a person buys a motorcycle, the seller must transfer the certificate of title to the buyer. This process is known as a motorcycle title transfer. The buyer must apply for a new certificate of title in their name after the transfer is complete.
Cost of Motorcycle Title Transfer in Illinois
The cost of motorcycle title transfer in Illinois varies depending on the county where the transfer is being made. The fees for motorcycle title transfer are set by the State of Illinois and each county may add additional fees.
The basic fees for motorcycle title transfer in Illinois are as follows:
- Vehicle Title - $95
- Registration - $101
- License Plates - $151
These fees are subject to change, and it is recommended to check with the Illinois Secretary of State for the most up-to-date fees.
Additional Fees for Motorcycle Title Transfer in Illinois
In addition to the basic fees for motorcycle title transfer in Illinois, there may be additional fees depending on the county where the transfer is being made. These fees may include:
- Title Search Fee - $5
- County Tax - Varies by county
- Processing Fee - Varies by county
It is important to check with the county clerk's office in the county where the transfer is being made for the most up-to-date fees and requirements.
How to Transfer a Motorcycle Title in Illinois
To transfer a motorcycle title in Illinois, the following steps must be taken:
- Obtain the certificate of title from the seller.
- Complete the back of the certificate of title with the buyer's information.
- Obtain the necessary signatures from the seller and buyer.
- Complete the Application for Vehicle Transaction form.
- Submit the completed certificate of title, Application for Vehicle Transaction form, and payment to the Illinois Secretary of State.
The Illinois Secretary of State will then process the application and issue a new certificate of title in the buyer's name.
Conclusion
Transferring the ownership of a motorcycle in Illinois requires a motorcycle title transfer. The cost of motorcycle title transfer in Illinois varies depending on the county where the transfer is being made. It is important to check with the Illinois Secretary of State and the county clerk's office for the most up-to-date fees and requirements.
Transferring a motorcycle title can be a complex process, but with the right information and resources, it can be done quickly and efficiently.