Mississippi Offer to Purchase Automobile - Selling Car

State:
Multi-State
Control #:
US-01075BG
Format:
Word; 
Rich Text
Instant download

Description

A contract is based upon an agreement. An agreement arises when one person, the offeror, makes an offer and the person to whom is made, the offeree, accepts. There must be both an offer and an acceptance. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

After selling a car in Mississippi, the first step is to complete the necessary paperwork, including signing over the title to the new owner. Ensure you notify the Mississippi Department of Revenue for proper record-keeping related to the sale. Finally, it may benefit you to remove your personal items and update your insurance to reflect that you no longer own the vehicle.

This typed or handwritten legal instrument, sometimes with the registration certificate obtained for the purchased item, is generally enough to prove that the purchaser is now the new owner of the property. Alternate Names: Mississippi Bill of Sale; Mississippi General Bill of Sale.

A Mississippi motor vehicle bill of sale is a document that proves the legal sale of a motor vehicle and the change of its ownership. The form provides information about the seller, the buyer, and the vehicle that is for sale. The bill of sale is often needed for vehicle registration. It does require notarization.

05.08 Mississippi Administrative Code. The Mississippi Motor Vehicle Title Act required a Bill of Sale as a supporting document when making application for Certificate of Title.

When selling a car privately in Mississippi, the buyer and the seller both need to fill out the relevant sections on the back of the title. This information includes the legal name, address, and signature of the buyer and the seller(s) along with the date of the sale, the odometer reading, and the purchase price.

What do I need to register and title that vehicle in Mississippi? You must pay the state sales tax on any vehicle purchased outside Mississippi and on any casual sale of an automobile. The state sales tax rate is 5% and is based on the dealer's selling price before subtracting any dealer's discounts and trade-ins.

Goods that are subject to sales tax in Mississippi include physical property, like furniture, home appliances, and motor vehicles. Prescription medicine and gasoline are both tax-exempt.

These are common questions that most vehicle buyers ask. In Mississippi, there is a $9 fee for every motor vehicle title transfer (original or duplicate). A Fast Track title is also available for an additional 30 dollars if you wish expedited processing of your title application.

The State of Mississippi doesn't provide a state-approved Bill of Sale Form. For vehicle sales, Mississippi requires you to perform a title transfer to the new buyer, which must be accompanied by a Bill of Sale IF there is no room to list the sale price on the title.

The sales tax rate is 5% applied to the net purchase price of your vehicle (price after dealer's discounts and trade-ins.)

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Mississippi Offer to Purchase Automobile - Selling Car