How does a cash sale utv sale work in Racine?
A cash sale is the simplest vehicle transaction: the buyer pays the full agreed price in cash (or equivalent), and the seller transfers title immediately. No financing, no liens, no waiting — title should change hands the moment payment is confirmed. Title transfers in Racine are handled at the WI DMV – Racine Service Center (3730 30th Ave, Racine, WI 53405). The bill of sale should state the exact cash amount paid and note that payment was received in full. If payment is made via cashier's check or money order rather than physical currency, note the instrument type and issuing bank on the document. Large cash transactions of $10,000 or more must be reported to the IRS by the receiving party using Form 8300, as required by the Bank Secrecy Act.