Wisconsin Vehicle Bill of Sale and Promissory Note
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
Used for the sale of a vehicle like a car, van, truck, trailer or motorcycle with installment payments. It offers the option to sell the vehicle "as is" or with a warranty.
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The Automobile/Vehicle Bill of Sale form in this packet is designed to document the terms and conditions of the transaction and to protect the rights of both the seller and buyer. This legal form is also helpful for accounting and tax purposes and includes the make, model, year, mileage, and vehicle identification number (VIN) of the vehicle. The buyer can use an Automobile/ Vehicle bill of sale form to help prove ownership of the vehicle.
An Odometer Disclosure Statement is also included in this packet since federal law provides that the seller reveal the mileage upon transfer of ownership.
This Vehicle Bill of Sale form also allows the option to sell the vehicle “as is” or with some type of express warranty.
The Promissory Note for Purchase of Vehicle that is also part of this packet, is useful to protects the seller and to avoid possible problems in the future, and permits payment in monthly installments.
This Automobile/Vehicle Bill of Sale and Promissory Note packet also include simple instructions that guide you through each provision making it simple to easily understand the terms of your legal document.
These Important provisions are included in this Wisconsin Automobile / Vehicle Bill of Sale and Promissory Note:
- Consideration paid: This provision indicates the sum paid for the vehicle and also can be used by the buyer to prove that valuable consideration was paid for the vehicle;
- Name and Address of Seller and Buyer : Identifies and locates the parties to this sale in case of a dispute;
- Make/ Model/ Year/ Mileage/ Vehicle identification number:Identifies the vehicle being sold;
- Covenant of Ownership: Seller warrants that he/she is the true owner of vehicle and has the right to sell the vehicle;
- Encumbrance Covenant: Seller warrants that the vehicle is free from any lien, security interest or other encumbrance;
- Defend Covenant: Seller will defend vehicle against any claims or demands.;
- Optional AS-IS Clause: Seller is not making any implied or express warranties as to the condition of the vehicle;
- Promissory Note: Documents the terms and conditions for the Promissory Note, including amount, payments, interest rate and vehicle information;
- Odometer Disclosure Statement: Under Federal Law, the seller must disclose the mileage upon transfer of ownership;
Protect Yourself, Your Rights, and Your Property, with our up-to-date forms.
This packet prepared by lawyers contains:
- Step by Step Instructions, easy to use checklist, and important facts for the Wisconsin Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Wisconsin Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Wisconsin Vehicle Bill of Sale and Promissory Note |
| Country | United States |
| Pages | 7 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Vehicle Bill of Sale and Promissory Note |
| Product number | #17163 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
A vehicle bill of sale is a legal document that records the sale of a vehicle between a buyer and a seller. It includes important details such as the vehicle's make, model, year, VIN, and the terms of the sale.
Yes, a bill of sale is recommended in Wisconsin as it serves as proof of the transaction and can protect both the seller and buyer in case of disputes.
The promissory note outlines the terms of the installment payments, including the amount financed, payment schedule, interest rate, and any other conditions agreed upon by the buyer and seller.
Yes, the form allows for an 'as is' sale, meaning the seller does not provide any warranties regarding the vehicle's condition. This clause must be clearly stated in the bill of sale.
If the buyer defaults on payments, the seller can refer to the promissory note for legal recourse. This document provides the seller with the necessary terms to pursue collection or repossession.
Yes, federal law requires an odometer disclosure statement to be included when transferring ownership of a vehicle. This protects against odometer fraud and ensures accurate mileage reporting.
The bill of sale should be filled out with accurate information regarding the vehicle, the buyer, and the seller. The included instructions in the form packet will guide you through each section.
While you can modify the terms, it is important to ensure that any changes are clearly documented and agreed upon by both parties to avoid future disputes.
Is This Form Right For You?
Use This Form If:
- Individuals who are buying a vehicle and wish to document the terms of the sale can utilize this form to ensure that both parties are protected. This legal documentation helps clarify payment terms and vehicle condition, which is crucial for avoiding disputes in the future.
- Sellers looking to offer a vehicle on an installment basis will find this form essential. It allows them to outline the payment schedule and terms, ensuring that they have legal recourse if the buyer defaults on payments.
- In situations where a vehicle is sold 'as is', this form provides the necessary legal framework to communicate that no warranties are implied. This protects the seller from future claims regarding the vehicle's condition after the sale.
- For those transferring ownership of a vehicle, the included odometer disclosure statement is a legal requirement that must be fulfilled. This ensures compliance with federal laws and protects both parties from potential fraud.
- Buyers who need to prove ownership for registration or insurance purposes can use this bill of sale as evidence of their purchase. This document serves as an important record in case of any future legal issues regarding the vehicle.
Do Not Use If:
- – This form is not appropriate for vehicles that are being sold for parts only, as it does not cover the necessary legal protections for such transactions. In these cases, a different form may be required.
- – If the vehicle has a lien or is under a financing agreement, this form should not be used until the lien is resolved. Selling a vehicle with an outstanding lien can lead to legal complications.
- – In situations where the vehicle is being sold to a dealer or as part of a trade-in, this form may not be suitable. Dealerships typically have their own contracts and paperwork for such transactions.
- – For vehicles that are not roadworthy or have significant mechanical issues, using this form without proper disclosures could lead to liability for the seller. An 'as is' clause should be carefully considered in these cases.
- – If the seller is not the legal owner of the vehicle or does not have the right to sell it, this form cannot be used. Ownership must be clearly established before any sale documentation is completed.
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Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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