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How long does it take to get a bonded title

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The document outlines the application process for obtaining a Bonded Certificate of Title for a vehicle in Wisconsin. It includes detailed instructions on completing the application, submitting necessary documentation such as previous titles or bills of sale, and providing vehicle photographs. The process involves verifying title records, ensuring the vehicle meets minimum standards, and obtaining a surety bond. The document serves as a guide for individuals seeking to legally title a vehicle without an existing title.

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What is MV2488 form Wisconsin?

It is also a very good idea to create a bill of sale dated and signed by the new owner. The Division of Motor Vehicles also provides a Statement of Vehicle Transfer (MV2488) for this purpose. Completing this DMV form will help eliminate your liability if the new owner fails to properly register the vehicle.

Should I buy a vehicle with a bonded title?

Buying a car with a bonded title can be a good option if you are aware of the risks and have thoroughly researched the vehicles history. It can also be a more affordable option compared to purchasing a car with a clean title.

Does a bonded title ever go away?

A Bonded Title and a regular title function exactly the same and allow you to register, insure and sell your vehicle. The bonded brand can be removed from your title usually within 3-5 years (depending on the state you live in). The 3-5 year time period starts from the date the original bonded title was issued.

How much does it cost to get a bonded title in Wisconsin?

Due to fees, taxes, and vehicle values, costs vary per applicant. However, you can typically expect to pay around $120$500 to receive a bonded title in Wisconsin. Wisconsin vehicle title bonds with SuretyBonds.com typically cost $10 per $1k in bond coverage, starting at $100.