Under what circumstance is a Damage Disclosure Statement required to be provided?

A Damage Disclosure Statement is required when any damage to a vehicle exceeds 6 percent of the Manufacturer's Suggested Retail Price (MSRP). This requirement is in place to ensure transparency in the sale of vehicles and to protect consumers from purchasing vehicles that have significant damage that may affect their safety or value.

When damage exceeds this threshold, potential buyers must be adequately informed about the vehicle's condition, allowing them to make a well-informed purchasing decision. This regulation helps maintain fair practices in the auto sales industry, enhancing buyer confidence in their purchases.

Other circumstances, such as a vehicle being sold regardless of its condition, not having a warranty, or having high mileage, do not automatically trigger the necessity for a Damage Disclosure Statement. This means that while those factors can influence a buyer's decision, they are not definitive criteria for when a Damage Disclosure Statement must be provided under Wisconsin law.