Big Changes Coming October 1, 2024: DMV Increases Permitted Electronic Processing Fee
Wisconsin dealerships, get ready for an important change starting October 1, 2024. The Wisconsin DMV has announced a significant increase in the permitted electronic processing fee, raising it from $19.50 to $38.00. This fee, which has remained unchanged since 2004, is collected when a dealership provides title and registration services through a third-party electronic processing provider.
Why the Change?
This adjustment reflects the growing costs associated with providing these electronic services. For context, while the electronic processing fee has remained static since 2004, the title fee has more than tripled in the same timeframe. The DMV’s decision to raise the maximum fee to $38.00 brings it more in line with current operational costs.
What Does This Mean for Dealers?
Dealers are permitted—but not required—to increase their fees up to the new maximum. If your dealership utilizes our DigitalDashboard DMS, you will see the fee automatically adjusted to $38.00 on October 1st. If you wish to charge a lesser amount, please contact us directly.
For those using different third-party providers, it’s important to contact them to understand how this change will be implemented in your system.
Changes to the MV11 Form
With this fee increase, the MV11 Title & Registration application form will also undergo modifications. The Wisconsin DMV has assured that these changes will be minor, affecting only the back of the form, with no alterations to print positions. Dealers will be allowed to use up their existing stock of MV11 forms before switching to the new version. Additionally, the MV2132 Request for Manual Processing Form will also see updates. The laser printed form from the DigitalDashboard DMS will change automatically.
Key Takeaways:
Fee Increase: The electronic processing fee will increase to $38.00 effective October 1, 2024.
Renewal Processing Fee: The renewal processing fee will also see an increase to $16.25.
Automatic Update: DigitalDashboard DMS will automatically adjust the fee to $38.00. Dealers wishing to charge less should contact us directly.
Form Updates: Expect changes to the MV11 and MV2132 forms, but feel free to use up your current stock if not using the DigitalDashboard DMS to laser print the forms.
Dealers should prepare for these changes, ensuring compliance with the new fee structure and updating their systems as needed. Stay tuned for more details as the DMV finalizes these changes.
More Information
If you’re interested in laser printing the MV11 or to learn more about our FREE dealer management software, the DigitalDashboard DMS, click here for more information or contact us at info@dealerdynamics.com.
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