A person selling or buying a motor vehicle in a private sale (not with a dealer) may use the Wisconsin vehicle bill of sale as legal evidence of the sale transaction. It is not a mandatory document for the completion by motor vehicle sale parties in Wisconsin. Nevertheless, some individuals prefer to complete and sign this document to possess additional documentation as a proof of sale. For the bill of sale to certify the legality of a vehicle’s transaction, it should specify all the relevant personal details of the buyer and seller and the details of the vehicle (make, model, VIN, and actual state at the moment of purchase). The document should also stipulate the price at which the deal was concluded.
Wisconsin bill of sale forms – this particular page will let you know more about other bills of sale you can use in Wisconsin.
Once the sale is complete, the seller has 30 days to file a sale notification to the local DOT office indicating the VIN of their sold vehicle, the buyer’s personal details, and the sale date and price.
The new owner of a vehicle has to complete the registration process for obtaining a legal right to operate a new vehicle on the roads of Wisconsin. The registration procedure may be initiated by visiting the local office of the Wisconsin Department of Transportation (DOT) and filing the following documents:
It is not mandatory to come to the local DOT in person to complete the registration procedure. You may identify the closest office to your location and mail them the documents together with a receipt of registration and taxation fee payment.
The tax structure of Wisconsin is quite specific, so the new vehicle owner should check in advance what fees and taxes are applicable to their individual situation. There are separate registration fees, title fees for the new title registration, as well as municipal and county wheel taxes that may also apply. The gross weight fees range from $75 for motor vehicles not exceeding 4,500 pounds to $2,560 for the vehicles weighing 80,000 pounds. The wheel tax, for instance, is the one that a user of a vehicle weighing over 8,000 pounds needs to pay. Other fees include the counter service fee (for those who apply for the registration at a DMV Customer Service Center), processing fee ($5 for DMV processing and $20 surcharge).
The state sales tax for vehicle purchase is 5% of the actual price. There are some exemptions from the tax duty, including a purchase of the vehicle from one of the close relatives, purchase by a Common or Contract Carrier, by a government unit or agency, by a non-WI resident, or by a religious, charitable, and non-profit organization.
Here, you can see the directions developed by using the template created by our experts. Nevertheless, it’s best to go with the official document should it be available from your local authorities.
Step 1: Indicate the document’s creation date.
Step 2: Provide the buyer’s and seller’s details:
Step 3: Identify the motor vehicle being sold:
Step 4: Now, you should indicate how you’ll get money for the deal.
This part also requires specifying the exact date of the purchase and the total sum approved by both sides of the transaction. You have to also indicate the sale method the buyer will go for:
Your next step is choosing the way of payment:
The very last thing to complete within this section is to determine if all applicable taxes are included in the purchase price.
Step 5: Go over standard terms and confirm that both parties are aware of them.
The “as-is” part points out that the seller gives no warranty and will not be accountable for maintenance after the transfer.
Step 6: Sign the bill of sale.
In most states, the signature of the buyer is not mandatory. Nevertheless, you’re more protected against legal problems if both parties sign the bill of sale form. You can also have one or a number of witnesses attest the transaction.
Step 7: Notarize the bill of sale
Notarization is usually not needed, but it is a good approach to create one more layer of legal protection to your deal.
The original bill of sale copy must be given to the purchaser as they will likely need it to get a title to their newly bought car. As a seller, you may either get a copy and store it or have two identical forms signed and filled out by both parties.