In the state of Illinois, transferring a semi-truck title can be a complicated and expensive process. The cost to transfer a semi-truck title in Illinois is based on several factors, including the type of vehicle, its age, and whether it’s being transferred from out of state. The average cost to transfer a title in Illinois is between $75 and $150.
The first step in transferring a semi-truck title in Illinois is to obtain the proper paperwork. This includes an application for vehicle title, proof of ownership (such as the original bill of sale), and proof of insurance.
All drivers must also provide proof that they are legally allowed to operate a commercial motor vehicle in the state. Additionally, any lienholders must provide documents proving they have an interest in the vehicle.
Once all paperwork is collected, drivers will need to complete an application form with their local Secretary of State office or submit their documents online. Drivers must also pay the applicable title transfer fees at this time.
Fees vary depending on whether or not the vehicle is being transferred from out of state. If so, drivers will need to pay a $90 fee for vehicles over 10 years old and a $100 fee for vehicles less than 10 years old.
Additional Fees:
In addition to the standard title transfer fees, drivers may be required to pay additional fees such as emissions testing and registration fees. Drivers will also need to pay sales tax on any vehicles purchased from out of state.
Sales tax rates vary by county but are typically around 6-7%. Finally, drivers may also need to pay an annual commercial driver’s license (CDL) fee if they plan on operating their semi-truck commercially.
Conclusion:
In conclusion, transferring a semi-truck title in Illinois can be complicated and costly process due to various fees associated with it. The average cost for transferring a title ranges between $75 and $150 depending on factors such as the type of vehicle and its age. Additionally, drivers may be required ot pay additional fees such as emissions testing and registration fees as well as sales tax on any vehicles purchased from out of state.
