Wisconsin Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note
About this form
The Bill of Sale for Automobile or Vehicle including Odometer Statement and Promissory Note is a legal document used to record the sale and transfer of ownership of a vehicle. This form package includes a bill of sale, an odometer disclosure statement, and a promissory note, particularly useful when the buyer makes a down payment and pays the remaining balance over time. It ensures both parties are clear about the terms of sale and protects their legal rights in the transaction.
Main sections of this form
- Bill of Sale: Details the vehicle information and terms of the sale.
- Odometer Disclosure Statement: Certifies the vehicle's mileage at the time of sale.
- Promissory Note: Outlines the payment terms for the remaining balance on the vehicle.
- Signatures: Requires signatures from both the seller and buyer to validate the agreement.
- Notary Acknowledgment: May need to be notarized for additional legal validity.
Situations where this form applies
This form should be used when selling or purchasing a vehicle where the buyer will pay part of the purchase price upfront and finance the remaining balance. It is also essential when transferring ownership of the vehicle to ensure legal compliance with state laws regarding odometer readings and sales documentation.
Who this form is for
- Vehicle sellers who want to document the sale and protect their rights.
- Buyers looking to finance part of their vehicle purchase to ensure proper documentation.
- Individuals or businesses involved in the sale of automobiles and vehicles.
How to prepare this document
- Begin by entering the purchase price of the vehicle in the designated space.
- Fill in the buyer's and seller's names and contact information accurately.
- Provide complete details about the vehicle, including make, model, year, and VIN.
- Complete the odometer disclosure statement to reflect the current mileage.
- Both parties should sign the bill of sale and have it notarized if required.
Notarization guidance
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
Avoid these common issues
- Failing to include complete vehicle details, such as the VIN or model year.
- Not properly documenting the odometer reading or providing incorrect mileage information.
- Neglecting to obtain necessary signatures from both parties.
- Forgetting to have the document notarized when required.
Benefits of using this form online
- Convenience: Download and complete the form at your own pace, from anywhere.
- Editability: Customize the template to fit your specific transaction needs.
- Reliability: The forms are drafted by licensed attorneys, providing peace of mind.
Jurisdiction-specific notes
This form is designed to comply with the legal requirements for vehicle sales in Wisconsin, including specific provisions related to odometer disclosure and promissory note terms. Buyers and sellers should ensure they follow any additional state regulations that may apply when completing the transaction.
Form popularity
FAQ
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.
Have a vehicle title in your name. Pay what you owe before you sell the vehicle. Keep the title until the buyer pays you. Give the most recent title to the buyer. Have all owners sign the title. Complete the odometer statement. Get a title brand if needed. Take your plates off the vehicle to avoid tickets.
In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller.In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.
Alabama. Arkansas. Colorado. Connecticut. Hawaii. Idaho. Maine. Nebraska.
Create an electronic bill of sale. It takes just a few minutes to create a form and add fields for legally binding signatures, the date, signer name or initials, email address, and more. Then you can send the form out via email for the other party's signature. If you need to make changes after sending, you can.
Download and complete Wisconsin Application for Bonded Title. Download and complete Wisconsin Title & License Plate Application. Include any bill of sale/previous title paperwork if you have it.
The seller's name and address. The buyer's name and address. A description of the item being sold, including serial numbers, identification numbers, make, model, size, color, design, any distinguishing marks, features or faults source: Cooper.
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.
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.
