A vehicle bill of sale in Wisconsin is a legal document that records the transfer of ownership rights of a motor vehicle between two legal entities. A DMV bill of sale form may be completed by both participants in the sale and purchase procedure in order to protect themselves from future inconveniences.

Although submitting a car bill of sale is not a strict requirement of the Wisconsin Department of Transportation (DOT) for completing a car title transfer form, both the seller and the purchaser are recommended to complete one for their personal records. In other words, a printable bill of sale pdf is something that the two legal entities are encouraged to keep as a valid record of the ownership transfer process.

Moreover, having the receipt of a bills trade may prevent sellers and buyers from future legal issues that may occur. To find out how to create a simple bill of sale template, when you should use one and what information should be included on this form, continue reading the sections below.

When is a bill of sale necessary in Wisconsin?

A car bill of sale is a legal document that Wisconsin motorists are recommended to have when applying for an auto title change through the WI DOT, although it is not necessary. Individuals are recommended to complete this document in order to have a record of the sale and purchase procedure for future reference.

A motor vehicle bill of sale pdf that can be easily printed may be needed for personal needs, when certain legal issues might happen in the future. Therefore, vehicle sellers and buyers are encouraged to keep a bill of sell printout for situations when they may be required to show proof of the ownership transfer or of the selling price determined for the motor vehicle.

Even though this credential is not required in Wisconsin, both current and new vehicle owners are recommended to complete one in order to protect their ownership rights. Failure to complete a generic bill of sale in WI when selling or purchasing a motor vehicle may result in legal difficulties if a disagreement over ownership or the terms of the sale or purchase arises in the future. For that reason, having a bills trade form is recommended in order to prevent future inconveniences.

Who needs a Wisconsin bill of sale?

A Wisconsin bill of sale template should be completed by participants in the sale and purchase of a vehicle who need to hold a copy of the document for their personal records. Vehicle sellers and buyers are encouraged to complete at least a bill of sale Word template in order to have proof of the motor vehicle ownership transfer. Moreover, a document detailing a title change may also prevent the two parties from facing any liabilities during the sale and purchase process.

In addition, the WI bill of sell may serve as a proof of the personal details of both legal entities, as well as a proof of the information about the motor vehicle and its selling price. Therefore, before signing this type of title transfer form and filling in your personal details, make sure to check the other participant’s information and the vehicle details. Since an auto bill of sale may be beneficial for vehicle sellers and purchasers, both legal entities are expected to complete their part of the sample on the date of purchase.

How to Complete a Bill of Sale Form in Wisconsin

Vehicle sellers and purchasers are encouraged to complete a bill of sale template in Wisconsin, which will serve them as a record of important information about the motor vehicle and about themselves. Moreover, a proper bill of sale template offers the option to enter the purchase price of the vehicle and is a proof of the amount of money that was paid to buy the motor vehicle in question.

Thus, during the process of buying a car, drivers need to complete a bill of sell credential with the following information:

  • Motor vehicle information, including the year, make, model, type and vehicle identification number (VIN)
  • The vehicle seller’s name, address, driver’s license number and signature
  • The vehicle buyer’s name, address, driver’s license number and signature
  • Selling price and date of sale

Sellers and purchasers who are completing a simple bill of sale template with the above-listed information must be aware of the fact that this form may be only used for their personal needs. They do not need to submit a vehicle bill of sale copy to the WI DOT in order to apply for a vehicle title. However, they may always use this bills trade form for situations when they might face legal issues and need proof of the ownership transfer.

Last updated on Tuesday, March 10 2020.