Category Archives: Trade-In

Dealers Must Pay Off Liens on Trade-Ins Within 14 Days in Wisconsin

A car dealer is obligated under Wisconsin law to satisfy a car lien on a trade-in within 14 days of taking delivery, where the dealer accepts a vehicle in trade subject to an outstanding lien and the dealer has agreed in the purchase contract to pay a stated amount. See Wis. Admin. Code Trans 139.07.