Aurora, Illinois
Use our online generator to create a legally compliant atv bill of sale for a leased buyout in Aurora, Illinois. Fill in the details and get a signed document in minutes.
The current lessee is purchasing the vehicle from the leasing company at the end of or during a lease term. The leasing company (lessor) holds the title and must transfer it upon receipt of the buyout amount.
If you are the leasing company facilitating the buyout, prepare a purchase agreement, confirm the residual value or negotiated buyout price, and release the title upon full payment. Some lessors require a formal buyout application and may charge a purchase option fee.
Review your lease agreement for the purchase option price, any fees (purchase option fee, documentation fee, destination charges), and the dealer's role in the buyout. You can often arrange a lease buyout directly with the leasing company, bypassing the dealer. Compare the residual value to market value before deciding to purchase. Financing the buyout through your own bank may provide a better rate than the captive finance company.
Lease buyouts are governed by the lease contract and applicable state consumer protection laws. The federal Consumer Leasing Act (15 U.S.C. § 1667) requires disclosure of purchase option terms in the original lease agreement. Sales tax on a lease buyout varies by state — some states tax the full purchase price, others tax only the difference between the residual and any prior taxes paid during the lease. The title transfers from the leasing company to the buyer upon completion.
Data sourced from NHTSA safety ratings and recall databases
Average Safety Rating
0 / 5
Avg. Price Range
$2,000–$12,000
Odometer Disclosure
Not required
On average, each atv model has approximately 2.1 recalls. Always check your specific vehicle at NHTSA.gov/recalls before completing a sale.
State Sales Tax Rate
6.25%
Title Transfer Fee
$150
Private Party Exempt
No
6.25% state plus 1–4% local taxes
Private vehicle use tax applies based on purchase price bracket
DMV / Title Office
IL Secretary of State – Aurora Facility
Address
1901 W Galena Blvd, Aurora, IL 60506
Phone
(312) 793-1010
Office Hours
Mon–Fri 8:00 AM–5:00 PM
Title Transfer Fee
$150.00
Sales Tax Rate
8.25%
Base Registration Fee
$151.00
Illinois state rate 6.25% + Kane County 0.5% + Aurora city 1.5%
Illinois does not require notarization for private vehicle sales.
County Clerk / Recorder
Kane County Clerk
Phone
(630) 232-5964
Illinois requires title transfer within 20 days of the sale date on the bill of sale. For leased buyout transactions specifically, file at IL Secretary of State – Aurora Facility (1901 W Galena Blvd, Aurora, IL 60506) during normal hours: Mon–Fri 8:00 AM–5:00 PM. Miss the 20-day window and Illinois typically charges a late-transfer penalty plus accrued use tax, and the seller can remain on the title for civil liability until the buyer completes retitling. Bring the signed title, the completed Aurora bill of sale, your government-issued ID, and payment for the $150.00 title transfer fee plus 8.25% sales tax on the purchase price.
Generator reminder. Whether you keep your generator as a generator-produced document, both buyer and seller should leave the signing with an identical executed copy. The buyer needs the original to present at IL Secretary of State – Aurora Facility; the seller keeps a duplicate to prove the date of transfer if a future liability question arises before the title fully retitles.
For a leased buyout atv transaction in Aurora, you need: Review the lease agreement for the purchase option price and any buyout fees; Request the leasing company's formal buyout letter with exact payoff and expiration date; Compare the residual value to current market value (KBB, Edmunds); Arrange financing before the buyout if needed; Complete the title transfer from the leasing company's name to yours at the DMV.
The combined sales tax rate in Aurora is 8.25%. Illinois state rate 6.25% + Kane County 0.5% + Aurora city 1.5%
No, notarization is not required. Illinois does not require notarization for private vehicle sales.
Common recall categories for atvs include: Fuel System, Steering, Suspension, Electrical, Throttle. On average, each atv model has approximately 2.1 recalls. Always check your specific vehicle at NHTSA.gov before completing a sale.
45% faster sale
Vehicles whose listings include a history report spend ~45% less time on site before selling, and report-viewers are 5x more likely to become a lead.
Source: Experian / AutoCheck
$4,000 avg loss
NHTSA estimates 450,000+ vehicles per year are sold with rolled-back odometers — the average victim loses about $4,000 in downstream repair costs.
Source: NHTSA
17.5M private sales/yr
About 17.5 million private-party vehicle transactions happen in the U.S. each year — roughly 47% of the used market.
Source: Cox Automotive 2024
1 in 3 buyers
Roughly 1 in 3 used-car buyers say they suspect private sellers are hiding mechanical problems — documentation closes that trust gap.
Source: JW Surety Bonds (n=3,000)
$60–$85 mobile notary
Mobile notary visit minimums run $60–$85 — higher on weekends, plus per-mile travel fees. State-formatted documents skip the trip.
Source: Thumbtack / NNA