When should I use the as-is sale page?
Use this page when your yacht sale in Illinois fits a as-is sale scenario. It walks you through the specific disclosures and details that apply to this type of transaction.
As-is sale — Illinois
Illinois Yacht bill of sale for as-is sale
Complete your Illinois yacht bill of sale for a as-is sale transaction. Enter buyer and seller details, vehicle information, and generate a signed PDF in minutes.
IllinoisYachtAs-is sale
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What to know about as-is sale sales in Illinois
Include explicit "as-is" language in the bill of sale. Under UCC § 2-316(3)(a), writing "as-is" or "with all faults" in the contract effectively disclaims all implied warranties, including the implied warranty of merchantability under UCC § 2-314. Still disclose known material defects — concealing known defects can constitute fraud even in an as-is sale.
What to include in your bill of sale
- Full legal names and addresses for both buyer and seller.
- Yacht make, model, year, VIN, and current mileage.
- Agreed sale price, payment method, and transaction date.
- Any as-is sale-specific disclosures required in Illinois.
Seller guidance
Include explicit "as-is" language in the bill of sale. Under UCC § 2-316(3)(a), writing "as-is" or "with all faults" in the contract effectively disclaims all implied warranties, including the implied warranty of merchantability under UCC § 2-314. Still disclose known material defects — concealing known defects can constitute fraud even in an as-is sale.
Buyer guidance
An as-is sale gives you no recourse for undisclosed defects after closing. Order a pre-purchase inspection from a licensed mechanic before agreeing to price. Review any known issue list the seller provides and get it in writing.
Illinois-Specific Note
Illinois allows private party as-is sales. The Illinois Consumer Fraud Act (815 ILCS 505) prohibits misrepresentation even in as-is transactions. No state inspection is required for private sales in Illinois. Complete a VSD 190 (Application for Vehicle Transaction) and include the as-is disclosure on the bill of sale.
Legal considerations
Illinois allows private party as-is sales. The Illinois Consumer Fraud Act (815 ILCS 505) prohibits misrepresentation even in as-is transactions. No state inspection is required for private sales in Illinois. Complete a VSD 190 (Application for Vehicle Transaction) and include the as-is disclosure on the bill of sale.
Illinois Legal Requirements
As-is clauses are generally enforceable in private party vehicle sales under UCC § 2-316. However, most states carve out an exception for fraud: a seller who actively conceals or misrepresents a known defect cannot rely on the as-is language as a shield. Best practice is to provide a written disclosure of all known defects alongside the as-is bill of sale.
Illinois Yacht transfer fees and requirements
In Illinois, the title transfer fee is $150 and registration costs $151 per year. Yacht sales are subject to 6.25% state tax on private sales; local taxes may add 1-4%. Illinois does not require notarization for private-party yacht transfers. Emission testing is required in Illinois — verify the yacht passes before completing the sale.
- Emissions testing required in Chicagoland and Metro-East St. Louis areas
- Private vehicle use tax applies based on purchase price
- Title transfer within 20 days of sale
- RUT-50 form required for private party purchases
Illinois sales tax on yacht purchases
Illinois has a 6.25% state sales tax rate. 6.25% state plus 1–4% local taxes. Private-party yacht sales in Illinois are subject to sales tax. Private vehicle use tax applies based on purchase price bracket. The title transfer fee is $150.
Yacht market data and safety information
The most common yacht makes in private-party sales are Sea Ray, Beneteau, Boston Whaler, Grady-White, Viking. Average private-party yacht prices range from $50,000–$500,000+. Yachts average 1 NHTSA recalls per model across categories including Fuel System, Electrical, Engine.
Safety checkpoints for buying a used yacht
Before completing a yacht bill of sale in Illinois, verify these safety items:
- Require a professional marine survey before purchase — standard practice for vessels over 26 ft
- Inspect engine hours, service records, and oil analysis reports
- Check hull condition with moisture meter and visual inspection below waterline
- Verify USCG documentation or state registration status
Yacht insurance and depreciation in Illinois
Yacht insurance is 1–2% of hull value annually. Agreed-value policies are standard. Navigation limits and crew requirements affect premiums. Yachts depreciate 10–15% per year for the first 5 years. Well-maintained vessels from premium builders hold value best. Peak season for private yacht sales is fall/winter boat shows drive buyer interest for spring delivery, with an average of 90 days on market.
Yacht registration and titling
Yachts are classified as "USCG-documented vessel (over 5 net tons) or state-registered vessel" for registration purposes. Yachts are classified by length overall (LOA), not weight. Vessels over 65 ft may require a licensed captain. Federal odometer disclosure does not apply to yachts.
Illinois requirements for as-is sale yacht sales
For yacht as-is sale transactions in Illinois, the buyer must pay 6.25% state tax on private sales; local taxes may add 1-4% and a $150 title transfer fee. Notarization is not required. Odometer disclosure is required.
- Emissions testing required in Chicagoland and Metro-East St. Louis areas
- Private vehicle use tax applies based on purchase price
- Title transfer within 20 days of sale
- RUT-50 form required for private party purchases
Safety tips for as-is sale yacht transactions
When completing a as-is sale yacht sale in Illinois, always verify the vehicle against NHTSA recall databases. The most common yacht recall categories are Fuel System, Electrical, Engine. Check recalls at NHTSA.gov/recalls before signing the bill of sale.
Checklist for as-is sale yacht sale in Illinois
- Include "sold as-is, with all faults" language conspicuously in the bill of sale
- Attach a written list of known defects signed by the seller
- Complete a pre-purchase inspection before finalizing price
- Confirm odometer reading is accurate and document it
- Buyer signs acknowledgment of as-is condition
- Include as-is disclosure language on the bill of sale
- Complete VSD 190 (Application for Vehicle Transaction) for title transfer
Need the printable workflow?
Use the main Illinois yacht bill of sale flow when you are ready to generate the completed document.
Open Illinois Yacht bill of saleThe Private Vehicle Sale Market
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
Frequently asked questions
Why does the as-is sale scenario have its own page?
Different sale scenarios — such as private party, dealer, or gifted transfers — have different documentation requirements. This page focuses on what buyers and sellers need for a as-is sale transaction specifically.
What should be included in this bill of sale?
Include the buyer and seller details, vehicle identifiers, sale price, date, signatures, and any notes specific to the as-is sale transaction.
What are the Illinois fees for a as-is sale yacht transfer?
Illinois charges a $150 title transfer fee. Registration costs $151 per year. Sales tax: 6.25% state tax on private sales; local taxes may add 1-4%. Notarization is not required for most transfers.
What yacht makes are most commonly sold in Illinois?
The most popular yacht makes in private-party sales are Sea Ray, Beneteau, Boston Whaler, Grady-White, Viking. Average private-party prices range from $50,000–$500,000+.
Do I pay sales tax on a as-is sale yacht sale in Illinois?
Illinois has a 6.25% state sales tax rate. Private vehicle use tax applies based on purchase price bracket
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