How do I transfer title on a vehicle in Chicago I haven registered?
In my experience, falconred is right on. Also, in many places there are penalties for failing to officially have a new title issued within a certain amount of time. You and/or your friend will probably also have to pay taxes on the sale of the car. IA definitely NAL, but if money is an issue, it would be wise to find out a) how long the grace period for titling is in your area and b) who pays what and how much in taxes.
