Fads come and go. What stays forever is style. Cars are so stylish that the entire nation of America is attracted to it. So much so that the automotive industry has been the centre of almost every financial decision. When it comes to loving cars, Illinoisans are same as the rest of Americans. Buying the flawless car is the dream of every American and if you are a resident of Land of Lincoln, here's your perfect guide to buy that perfect car.
Needs Define Your Purchase
Whenever you set out to make an important purchase like car, you must first understand your needs. The kind of car you need depends on several factors like your affordability, geographical conditions, fuel efficiency, maintenance, etc. If you are living in Chicago, the city of Rockford, or any other populous region, it's best to go for a small and compact car. If you live in suburbs and need to travel to the city, a fuel-efficient vehicle would suit you.
Honey! It's All About Money
The world revolves around money. Once you have decided on the kind of car you want, ascertain your affordability. After you make a budget, you will be able to solve the new-used car dilemma.
You must make arrangement for finance at this stage. There is no point in waiting till the end because desperation often leads to hasty decisions. And, you certainly don't want to end up paying high interest rates. So, a well-thought decision is required which needs time.
How to Make the RIGHT Choice?
You can make use of the internet for choosing your car. All you need to do is type-in your zip-code and you will be able to see car options in your area. You can also go the usual way of visiting the dealer's lot or buy your car from a private party.
If you are buying a new car, read the experts' reviews and talk to owners. Also, take opinion of your friends. If pre-owned cars are your kind, get the Vehicle History Report. There are many websites like carfax.com and autocheck.com that provide the report. All you need is the VIN. Make sure that you are buying a clean title.
Don't forget to test-drive. Also, ask your mechanic to take a look at it. When you buy a car, get auto insurance because it is illegal to drive without it.
Time to Take Down the Documents
Now, that you have got an idea of buying that flawless automobile, let's know about getting it registered with the SOS (Secretary of State Office). Your must register the car immediately and transfer the title in your name in within 20 days of purchase.
When you buy a new car, the dealer usually completes all the documents. But, if you are buying from a private party or purchasing a used car, there are chances that you will have to undertake the process on your own. Nonetheless, it is always important to know about the vehicle registration.
Here's the list of documents that you will require:
1. Application for Vehicle Transaction(s) (VSD 190)
You can get an online copy of VSD 190 or visit the local Driver Services Facility. If you need to speak to a representative of the Facility, you can call toll-free: 1-(800) 252-8980.
2. Car Title
When you buy a used vehicle, get the signed title (from the previous owner) at the time of delivery. If the original title is non-existent; you can make use of the Bill of Sale. It will be the proof of ownership until you get a title. When you buy a new car, the dealer will hand over the title.
3. Form RUT-50
This tax form is used for private party purchase, whether it is in-state or out-of-state purchase.
4. Tax Form RUT-25
This is used for an out-of-state dealer purchase. You must attach the Bill of Sale and other proofs of purchase price with it.
When you buy a car from an Illinois dealer, he will use this form to report your purchase.
Get a smog check if you live in the area that requires you to do so.
Double check all the documents and check if any Use Tax is to be paid. Also, mention the Temporary Registration Permit (TRP), if issued. The title fees are $95. Registration will cost you $99.You will have to pay more if you go for fancier and customized license plates.
You can take all this to any SOS office or mail it to:
Secretary of State
Vehicle Services Department,
501 S. Second St., Room 014,
Springfield, IL 62756
Buying a car is a big purchase, only next to buying a home. If you maintain diligence, you can drive home a great car with an awesome car buying experience. All the best for fulfilling your dream!
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