You as a seller require preparing the form and hand over a copy to the buyer. We also suggest securing a valid Wisconsin bill of sale to properly document the sale including the sales price, condition of the vehicle, and hold harmless language to protect the buyer and seller.A bill of sale acts as a contract between the buyer and seller of a Trailer. However, you may look for any state specific bill of sale form if any. For example, in Michigan, it's form TR-207. Typically this is done by signing the “Transfer by Owner” or “Assignment” section on the rear of the original title. On the other hand, when someone purchases a used car from a dealer, the dealership will take care of these documents. In these circumstances your best bet is a Bill of Sale which documents the transfer of ownership from the prior owner to the new owner. Do 2 of the following research methods to ensure proper due diligence: Go to DMV.org. These vehicles can be very expensive. Type in your state's name and the words "Bill of Sale" in the search bar. We always suggest locking up your bill of sale in a filing cabinet or safe, where a combination or key is needed to accessIn short, a properly executed Bill of Sale will protect you from future liabilities and allow you to register the vehicle.We also suggest both the seller keep a copy of the Bill of Sale, and the buyer keep the original. However, do not use this bill of sale form in case you are not buying a boat and trailer together. You do not need notary acknowledgment of the signatures on the form unless the buyer insists the same. However, make sure that both parties come together and prepare the form for accuracy.
Research your state's requirements for a bill of sale. A Trailer Bill of Sale is an agreement for the sale of any type of structure that can be towed by a vehicle. Purchasing a used trailer can be concerning when there is no title to transfer ownership of the trailer. Before you purchase a vehicle, a trailer, a boat, a snowmobile or an ATV, make sure that you can receive acceptable proof of ownership. Your state will require the trailer be registered with the department of motor vehicles. Each state has different rules for what they consider a valid bill of sale, but a contract itself must abide by the following rules:After you have made your purchase and received an executed bill of sale the first thing you should do is put it in a secured location.
This generic form is suitable for all states. You may also be required to provide active trailer liability insurance as well as previous registration.