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Financed Purchase bill of sale — Cheyenne, Wyoming

Financed Purchase Payment Bill of Sale for Motorcycle in Cheyenne, WY

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for th… Complete your Cheyenne motorcycle financed purchase transaction at the Laramie County Clerk – Motor Vehicle.

CheyenneWyomingMotorcycleFinanced Purchase

Financed Purchase Motorcycle Sale in Cheyenne

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for the buyer to purchase the vehicle. The lender holds a security interest (lien) in the vehicle until the loan is fully repaid.

In Cheyenne, Wyoming, the local office handling title transfers is the Laramie County Clerk – Motor Vehicle at 310 W 19th St, Suite 100, Cheyenne, WY 82001. The combined sales tax rate is 5.00%. Notarization is not required for a private vehicle bill of sale in this jurisdiction.

Payment documentation requirements

When a bank or credit union finances the purchase, they typically pay the seller directly and the buyer repays the lender in installments. If the seller is providing financing (seller carry-back), a separate promissory note should document the loan terms, interest rate, payment schedule, and default provisions in addition to the bill of sale.

How financed purchase affects title transfer

In financed transactions, the title is issued with the lender's name noted as lienholder. The buyer receives a copy of the title but the lender typically holds the original until the loan is paid off. Once the loan is satisfied, the lender releases the lien and the buyer receives a clean title.

Local DMV — Laramie County

DMV / Title Office

Laramie County Clerk – Motor Vehicle

Address

310 W 19th St, Suite 100, Cheyenne, WY 82001

Phone

(307) 633-4264

Office Hours

Mon–Fri 8:00 AM–5:00 PM

Local Fees & Taxes

Title Transfer Fee

$15.00

Sales Tax Rate

5.00%

Base Registration Fee

$30.00

Wyoming state rate 4% + Laramie County 1%

Notarization: NOT REQUIRED

Wyoming does not require notarization for private vehicle sales.

Cheyenne Financed Purchase Transfer Checklist

  • The federal Truth in Lending Act (TILA / Regulation Z) requires disclosure of the APR, finance charge, amount financed, and total of payments.
  • The lienholder must be recorded on the title so the lender’s security interest is perfected.
  • Keep the signed retail installment contract or loan agreement together with the bill of sale.
  • Wyoming applies 4% state sales tax plus county taxes on vehicle purchases, collected when the buyer registers the vehicle.
  • Wyoming does not require notarization for a private-party bill of sale, though notarized signatures are more defensible.
  • Wyoming does not mandate a specific bill of sale form; a complete written bill of sale is accepted.
  • An odometer disclosure is required on the Wyoming title transfer.
  • Title transfer at the county clerk within 30 days
  • Wyoming sales tax at title transfer
  • Seller must sign the title assignment
  • Odometer disclosure required

Wyoming forms and documents

  • TILA Disclosure Statement
  • Retail Installment Contract or Loan Agreement

Key facts for financed purchase transactions

  • Lienholder's name appears on title until loan is fully repaid
  • Seller financing requires a promissory note in addition to the bill of sale
  • Truth in Lending Act (TILA) disclosures required for seller financing
  • Existing liens on the vehicle must be cleared before title transfers
  • State usury laws cap the maximum interest rate in seller-financed deals

Important notice

If the vehicle still has an existing lien from the seller's own loan, that lien must be paid off and released before clear title can be transferred to the buyer. Never complete a financed purchase without confirming the title is free of prior liens.

Cheyenne at a glance

Population

64,976

Median Household Income

$77,176

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Frequently asked questions

How does a financed purchase motorcycle sale work in Cheyenne?

A financed vehicle purchase involves a third-party lender (bank, credit union, or the seller) providing the funds for the buyer to purchase the vehicle. The lender holds a security interest (lien) in the vehicle until the loan is fully repaid. Title transfers in Cheyenne are handled at the Laramie County Clerk – Motor Vehicle (310 W 19th St, Suite 100, Cheyenne, WY 82001). When a bank or credit union finances the purchase, they typically pay the seller directly and the buyer repays the lender in installments. If the seller is providing financing (seller carry-back), a separate promissory note should document the loan terms, interest rate, payment schedule, and default provisions in addition to the bill of sale.

What is the sales tax on a financed purchase motorcycle purchase in Cheyenne?

The combined sales tax rate in Cheyenne is 5.00%. Wyoming state rate 4% + Laramie County 1%

How does financed purchase affect the title transfer process in Cheyenne?

In financed transactions, the title is issued with the lender's name noted as lienholder. The buyer receives a copy of the title but the lender typically holds the original until the loan is paid off. Once the loan is satisfied, the lender releases the lien and the buyer receives a clean title. Bring the signed title and completed bill of sale to the Laramie County Clerk – Motor Vehicle (310 W 19th St, Suite 100, Cheyenne, WY 82001) with payment for the $15.00 title transfer fee.

Is notarization required for a financed purchase motorcycle bill of sale in Cheyenne?

No. Wyoming does not require notarization for private vehicle sales.

What are the legal requirements for a financed purchase motorcycle sale in Wyoming?

Seller-provided financing is subject to the Truth in Lending Act (TILA, Regulation Z), which requires disclosure of the Annual Percentage Rate (APR), total finance charge, amount financed, and total payments. State usury laws may limit the maximum interest rate a private seller can charge. Dealer-provided financing is regulated at the state level and may involve additional disclosure requirements. The federal Truth in Lending Act (TILA / Regulation Z) requires disclosure of the APR, finance charge, amount financed, and total of payments.

Is a financed purchase bill of sale legally binding in Cheyenne?

Yes. A properly completed bill of sale with financed purchase payment terms is legally binding in Wyoming. Both buyer and seller should sign and retain a copy. Bring it to the Laramie County Clerk – Motor Vehicle to complete the title transfer.

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