How much does a vehicle title bond cost in Wisconsin?
The bond amount of a Wisconsin certificate of a title bond must be equal to 1.5 times the value of the vehicle, which is determined by the local DMV. Applicants must verify the appraised amount of the vehicle prior to bonding.
If the bond amount is less than $25,000, SuretyBonds.com can issue your bond instantly online without a credit check. In fact, your bond will cost just $100 if your required bond amount is less than $6,000. Bonds over $6,000, but less than $25,000 will cost 1.5% of the bond amount. Bonds greater than $25,000 are subject to underwriting consideration.
Why do I need a Wisconsin lost vehicle title bond?
Wisconsin certificate of title bonds are required if the principal (vehicle owner) does not physically possess the title to his or her newly purchased vehicle. If the principal is unable to prove ownership of the vehicle in Wisconsin due to lost, stolen or defective documentation, there is an option to provide appropriate security in the form of a bond. By having a bonded title, the principal guarantees that the vehicle was not stolen or sold under false pretenses.
Please note that this bond is required if you have lost or obtain insufficient evidence of proper ownership of your vehicle. If you are planning to sell cars and other vehicles, a Wisconsin motor vehicle dealer bond is required.
What vehicles does a Wisconsin lost vehicle title bond cover?
To apply for this bond, the applicant must know the vehicle make, model, year and identification number/serial number must be known. Wisconsin certificate of the title bonds remains in effect for 5 years from the date of issuance.
Vehicles covered by this bond include:
- cars and trucks
- custom built vehicles
- motor homes
- semi trucks and trailers
- air crafts