Wisconsin Vehicle Bill of Sale Form
A Wisconsin Vehicle Bill of Sale Form is a legal document used to register the sale of a motor vehicle in Wisconsin. It also records the transfer of ownership from a seller to a buyer.
Why Do You Need a Wisconsin Vehicle Bill of Sale?
A Vehicle Bill of Sale is vital in Wisconsin when transferring a vehicle title. You also need it to register with the Wisconsin Department of Transportation (WisDOT).
The form should include key details like:
- The vehicle identification number (VIN).
- The make and model of the car.
- The year and the odometer reading for cars under 10 years old.
- The agreed purchase price: This is used to calculate the sales tax.
The buyer and seller must sign the agreement form for WisDOT to accept it. Normally, the Wisconsin Bill of Sale itself does not need to be notarized. However, it is necessary to complete the odometer disclosure statement on the title.
Common Uses of an Wisconsin Vehicle Bill of Sale
This form formally signifies that the seller no longer owns the vehicle. It transfers all associated liability to the buyer. For the buyer, it is primary evidence of their new ownership. It is necessary for securing registration, insurance, and future resale.
A properly executed Wisconsin Bill of Sale Form:
- Ensures compliance with state regulations.
- Aids timely title transfer
- It helps prevent future disputes and offers peace to both parties.
Yes, a Bill of Sale Form is essential for selling a car legally in Wisconsin. The buyer is required to complete the transfer of title and the vehicle registration with WisDOT. This form proves the purchase. You will also need this form to finalize the transfer process correctly and promptly.
A Wisconsin Bill of Sale should include the buyer's and seller's full legal names and addresses. The date of the transfer, the vehicle's year, make, model, VIN, and current odometer reading. It should also specify the sale price that the buyer has agreed to pay.
In most cases, a Wisconsin Bill of Sale does not require notarization to be legally valid. However, it’s important that both parties complete and sign the assignment for the vehicle title section. This also includes the odometer disclosure statement. Notarizing this form may provide additional legal assurance for the two parties.
In Wisconsin, the buyer needs a Bill of Sale to transfer a vehicle title. This must be accompanied by a properly signed-over vehicle title from the seller. They also need a completed Wisconsin Title and License Plate Application (Form MV1). The proof of payment for sales tax, title transfer, and registration fees is also included. These, together, are then taken to a local WisDOT customer service center or DMV service provider.