Mississippi Vehicle Bill of Sale Form
The Mississippi Vehicle Bill of Sale Form is an official document used to register the sale of a motor vehicle in Mississippi. It records the transfer of ownership from a seller to a buyer.
Why Do You Need a Mississippi Vehicle Bill of Sale?
A Bill of Sale is an important document when transferring a title to a vehicle in Mississippi. This document is important for registering with the Mississippi Department of Revenue (DOR). In some places, it can be the Motor Vehicle Division, through the county tax collector's office.
A Mississippi Bill of Sale should have important details about the vehicle, such as:
- Vehicle identification number (VIN)
- Make
- Model
- Year
- Current odometer reading (for a car under 10 years old)
The document also states the purchase price that they agreed upon. This is applied when calculating sales tax. Both the buyer and the seller have to sign the form for it to be accepted by the DOR.
Normally, the Mississippi Bill of Sale itself does not need to be notarized. However, it is necessary for the buyer to complete the title assignment.
Common Uses of a Mississippi Vehicle Bill of Sale
This document has several uses, including:
- Transfer of Liability
This document formally shows that the seller no longer owns the vehicle. It completely transfers all the liabilities that come with the vehicle to the buyer.
- Evidence of Ownership
For the buyer, it is the main evidence of ownership of their new vehicle. This is what they’ll need to register, insure, and resell in the future.
- Fulfills State Requirements
A correctly executed form ensures that the sale complies with state requirements. This, in turn, helps with the easy transfer of titles.
- Gives Peace of Mind
This document helps prevent any future disputes. Thus, it brings peace to both parties.
Frequently Asked Questions
Is a Mississippi Bill of Sale required to sell a car?
Yes, to sell a car in Mississippi, you need a Bill of Sale form. The buyer needs it to get the title transferred and register the vehicle with the Mississippi DOR. The form proves the purchase and is also essential to ensure the efficient and accurate ownership transfer of a vehicle. This is usually done at the county tax collector’s office.
What specific information must be on a Mississippi Vehicle Bill of Sale?
First, the Mississippi Bill of Sale should have the full legal name and addresses of the buyer and seller. It should also have the details that can be used to identify the vehicle. It should also spell out the decided sale price and be signed by both parties to make it valid.
Does a Mississippi Bill of Sale need to be notarized?
Mississippi Bill of Sale normally does not need notarization to be legally valid. However, it’s important that both parties complete and sign the assignment for the vehicle title section. This also includes the odometer disclosure statement. Therefore, notarization may provide additional legal assurance for the two parties in a private sale.
How do I transfer a car title in Mississippi with a Vehicle Bill of Sale?
To transfer a car title in Mississippi, the buyer needs the Vehicle Bill of Sale and the properly signed-over vehicle title. They also need a completed Application for Mississippi Certificate of Title (Form 78-002).
These documents also include proof of payment for sales tax, title transfer, and registration fees. All these must be submitted to their local county tax collector's office.