How long do you have to return a used car in Illinois?
Three-Day Return. Many dealers offer a money-back guarantee on used car sales, or allow buyers to return the car with no questions asked within three days or less. However, unless the dealer specifically extends this privilege, purchasers have no right under Illinois law to return the car for a full refund.
What are the laws on buying a used car in Illinois?
The dealer may make verbal promises to get you to buy the car, but if those promises aren’t in writing and you sign an “as is” contract, that written contract prevails and there are no warranties with respect to the car. The Illinois lemon law only applies to new cars, not used cars.
Do you need a credit report to buy a car in Illinois?
Review your own credit report as well if you’re planning on getting the car financed. Dealers have the option in Illinois to sell a used car “as is” — that is, without any express or implied warranties. This phrase means the buyer is on the hook for any repairs the car needs at any time.
Can you cancel a car purchase contract in Illinois?
There is no buyer’s remorse or three day right to cancel a car purchase contract in Illinois. You could have a consumer attorney look over the paperwork and see if there is anything that could be used to try to get out of the contract, but they may not find anything…
Three-Day Return. Many dealers offer a money-back guarantee on used car sales, or allow buyers to return the car with no questions asked within three days or less. However, unless the dealer specifically extends this privilege, purchasers have no right under Illinois law to return the car for a full refund.
Can a used car be sold as is in Illinois?
Sold “As Is”. Dealers have the option in Illinois to sell a used car “as is” — that is, without any express or implied warranties. This phrase means the buyer is on the hook for any repairs the car needs at any time. For example, if the muffler falls off the car as you’re leaving the dealership, the dealer doesn’t have to repair this…
What kind of tax form do I need to buy a car in Illinois?
The appropriate tax form, available from SOS offices: If you buy a car from a private seller, you’ll need to complete the Private Party Vehicle Tax Transaction (Tax Form RUT-50). If you buy a car from an out-of-state dealer, you’ll need to complete the Vehicle Use Tax Transaction Return (Form RUT-25).
Where do I report the sale of a car in Illinois?
When an Illinois resident purchases a vehicle from an out-of-state dealer and will title the car in Illinois, the sale and subsequent tax due is reported on Form RUT-25 when you bring the vehicle into Illinois.