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Projects Getting bonded title in WI

Discussion in 'The Hokey Ass Message Board' started by Tetanus, Jul 19, 2015.

  1. Tetanus
    Joined: May 20, 2007
    Posts: 237

    Tetanus
    Member

    Was at iola car show/swap meet and talked to dmv there about having a car with just a bill of sale and how to title it.guy gave me a piece of paper with a web link to apply for a bonded title if you have a car with no title in WI. Heres the link I have no clue yet on this. Just passing it on. Anyone do this? http://wisconsindot.gov/Pages/dmv/vehicles/title-plates/surety-bond.aspx
     
  2. Squablow
    Joined: Apr 26, 2005
    Posts: 15,129

    Squablow
    Member

    This was the big news in Wisconsin in the last month, supposed to make it much easier to title a car with a valid VIN or ID number on it in Wisconin, I also heard the big title dealers got their merchandise confiscated at Spring Jefferson this year, too. Don't know anyone who's done it yet but it's supposed to be a big improvement/much less hassle than before.
     
  3. BJR
    Joined: Mar 11, 2005
    Posts: 6,994

    BJR
    Member

    There was an article in Old Cars Weekly a few weeks ago about how the law in WI has changed. They made it sound like you can title anything with a serial number on it, like a frame or cowl with tag on. Just need a bill of sale and about $300 or so.
     
  4. Tetanus
    Joined: May 20, 2007
    Posts: 237

    Tetanus
    Member


  5. skoh73
    Joined: Apr 17, 2008
    Posts: 1,553

    skoh73
    Member

    Just read through this and, at first glance, it seems like a good thing. Is this just for cars found/bought in WI, or can you buy a car out of state and still benefit from this process? If so, sounds good.
     
  6. cb1
    Joined: May 31, 2007
    Posts: 405

    cb1
    Member
    from Wisconsin

    Great, lost my ass on 2 cars because I could not get a title, etc..
     
  7. Here's what I learned about "bonded titles" when I went thru the process here in NC
    1) A bond amount is established after appraisals are done by two licensed auto dealer
    2) The bond amount is 1 1/2 times the appraisal amount and must be in effect for three years...( BTW.. a bond is established to be used by the State to cover their expenses in the event there is ever any type of dispute filed...!)
    3)The bond is purchased from a bonding company and forwarded to the DMV
    4) Heres where it usually bogs down..The DMV will not proceed till they can find a factory-stamped , traceable VIN or Serial number on any major component..(Believe me..They know where to look and what one is supposed to look like...)
    Luckily, the only component with a serial number was my engine.. and I happened to have a document from the donor car with that number..Once that was verified ,things went quickly...
    5) After all that ,the DMV then issued me a VIN tag/number
    6) When I registered the car, the bond amount was used to calculate the NC Highway Use Tax...
    7) Once I paid that and all other registration/tag fees ,they were thru with me.....In the end , it seemed all they actually wanted was my Highway Use Tax $$$ after all !!
    8) Several weeks later, I got an NC Title marked "Bonded"
    9) Three years later I got a clear title
     
    Last edited: Jul 20, 2015
  8. Tetanus
    Joined: May 20, 2007
    Posts: 237

    Tetanus
    Member

    wonder what would happen if the vin of car turned up as being junked out
     
  9. UNSHINED 2
    Joined: Oct 30, 2006
    Posts: 1,071

    UNSHINED 2
    Member

    I should be able to help build up the State Transportation Fund quite a bit in the near future.....i think i like this...so far;)
     

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