How much does a proof of vehicle ownership bond cost in Wisconsin?
The required amount of a Wisconsin certificate of 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 without a credit check. In fact, your bond will cost just $100 if your required bond amount is less than $6,000. Bonds in amounts greater than $25,000 are subject to underwriting consideration.
Why do I need this 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 posting this bond, 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’s the fine print?
To apply for this bond, the vehicle make, model, year and identification number/serial number must be known. Wisconsin certificate of title bonds remain 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