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The bill of sale should provide identifying information about the buyer and the seller, a description of the vehicle, and a listing of the terms of the exchange. The form is not required when selling a motor vehicle, although it can be helpful for an individual's records or in subsequent permit applications.
You must have a title to the vehicle in your name, even if you have never driven the vehicle. You can sell a vehicle that isn't titled to you only if you are a licensed dealer. Pay what you owe before you sell the vehicle. If you owe money for the vehicle, your title will show a lien holder (a lender).
Wisconsin Car (Vehicle) Bill of Sale Once signed by both parties, it becomes a binding contract.
As of January 1, 2016, a new Wisconsin state law requires an individual selling a privately-owned motor vehicle to another private party to report that sale to the Wisconsin Department of Transportation (WisDOT) within 30 days of the sale.
Can a bill of sale be handwritten? If your state does not provide a bill of sale form, yes, you can handwrite one yourself. As long as the document includes all of the necessary parts of a bill of sale and is signed by both parties and a notary, it is valid.
You must sign the title over to the new owner and indicate on the title the mileage at the time of the sale. It is also a very good idea to create a bill of sale dated and signed by the new owner. The Division of Motor Vehicles also provides a Statement of Vehicle Transfer (MV2488) for this purpose.
THE DESCRIBED PROPERTY IS SOLD "AS-IS" WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE CONDITION OF SUCH PROPERTY . BY ACCEPTING THIS BILL OF SALE, BUYER(S) REPRESENT THAT BUYER(S) HAVE PERSONALLY INSPECTED THE DESCRIBED PROPERTY AND ACCEPTS THE PROPERTY "AS-IS".
A Wisconsin general bill of sale is a legal document that is used by private parties to prove the sale and purchase of a piece of personal property in the State of Wisconsin. The document provides identifiable information regarding the property being sold and serves as evidence of a change of ownership.