What happens to the plates?
Off — then destroy them, do not return them
Remove the plates — unless the vehicle is a truck registered at 10,000 lbs or more, a farm truck at 16,000 lbs or more, a moped, a trailer or a recreational vehicle trailer, in which case they stay with it. You may move unexpired plates to a similar vehicle titled to you, your spouse or your same-sex domestic partner. If you do not transfer them there is NO refund for the remaining registration, and Wisconsin says plainly: do not return the plates to DMV — destroy them, cut them up. If you left them on the vehicle, file a License Plates Cancellation Application, form MV2514.
Source: Wisconsin DMV, Sell your vehicle