Wisconsin Bill of Sale of Automobile and Odometer Statement for As-Is Sale
Definition and meaning
The Wisconsin Bill of Sale of Automobile and Odometer Statement for As-Is Sale is a legal document that serves as proof of the transfer of ownership of a motor vehicle from one party (the seller) to another (the buyer). This document is crucial for both legal and financial purposes, ensuring that the transaction is recognized by the state and protecting the rights of both the buyer and the seller. The form includes an odometer disclosure statement, which confirms the vehicle's mileage at the time of sale.
How to complete a form
To complete the Wisconsin Bill of Sale of Automobile and Odometer Statement for As-Is Sale, follow these steps:
- Fill in the names and addresses of both the seller(s) and buyer(s).
- Provide the sale price of the vehicle in the designated space.
- Input details of the vehicle, including make, model, year, and VIN (Vehicle Identification Number).
- Indicate that the vehicle is sold 'as-is', meaning no warranties are provided.
- Both parties must sign the document and date it. Additionally, it may require notarization.
Ensure all information is accurate to avoid disputes in the future.
Who should use this form
This form is essential for anyone involved in the sale or purchase of a motor vehicle in Wisconsin. It is typically used by:
- Individuals selling their car to another private party.
- Buyers who want to document the purchase of a used vehicle.
- Dealerships transferring ownership of vehicles.
Using this form helps both parties maintain clear records and ensures compliance with state laws.
Key components of the form
The Wisconsin Bill of Sale of Automobile and Odometer Statement for As-Is Sale includes several critical elements:
- Seller and Buyer Information: Names and addresses of both parties.
- Vehicle Details: Make, model, year, and VIN.
- Sale Price: The total amount paid for the vehicle.
- Condition Statement: An 'as-is' clause indicating no warranties.
- Signatures: Required from both seller and buyer.
- Notary Section: Area for notarization to verify authenticity.
These components ensure completeness and legality in the transaction.
State-specific requirements
In Wisconsin, specific requirements apply when completing the Wisconsin Bill of Sale of Automobile and Odometer Statement for As-Is Sale. Ensure you:
- Complete the odometer disclosure statement accurately, as failing to do so can result in fines.
- Obtain notarization for the signatures to validate the document.
- Keep a copy of the completed form for personal records.
These steps are vital for maintaining compliance with Wisconsin state laws regarding vehicle sales.
What to expect during notarization or witnessing
When notarizing the Wisconsin Bill of Sale of Automobile and Odometer Statement for As-Is Sale, the following process typically occurs:
- The signer must be present before the notary public.
- Identification is required, such as a driver's license or state ID.
- The notary will verify the signer’s identity, witness the signing of the document, and then sign and stamp the form.
Notarization ensures the document is legally binding and recognized by the state.
Form popularity
FAQ
A bill of sale does not serve as proof of ownership. Only a title has that legal authority. Bills of sale serve as proof of title transfer, which buyers and sellers need for personal financial and tax records.
Louisiana. Maryland. Nebraska. New Hampshire. West Virginia. Montana.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.
What is a Wisconsin Bill of Sale? A Wisconsin bill of sale is a document used to verify proof of ownership. There is no requirement to have a Wisconsin bill of sale notarized.
Can a Bill of Sale Be Handwritten? A bill of sale is a legal document that verifies you have sold your car and provides basic information about the vehicle or any other item and the terms of the sale.As, with any legal written document a bill of sale can be handwritten.
The bill of sale is not a form of title, but you could use it to obtain the vehicle's title from the DMV. It's also important to note that the legality of your bill of sale depends on whether it bears or the necessary information or not.Full legal names and addresses, as well as signatures of the buyer and seller.
Private car sale contract And you can't use a 'sold as seen' receipt to cover the possibility that the car may be unroadworthy either. The law is clear it's illegal to sell a car in an unroadworthy condition.
The date of the sale. A description of the car, including its: Year, make and model. The selling price of the car. If the car is a gift or partial gift, you should still create a bill of sale. Warranty information. The full names, addresses and signatures of the buyer and seller.
Writing the Bill of Sale On the bill of sale template, where the dollar amount is listed, write gift in the allotted space. You'll need to note the date of sale, the car's identification number, make, model and the number of miles on the odometer at the time of the transfer.