The Mississippi DMV bill of sale form is a beneficial document to execute when selling or buying a motor vehicle. It allows participants to record valuable information regarding the transaction to the form, therefore, confirming the notion that a purchase and sale transpired. Mississippi law states that a bill of sale is obligatory if there is no space to insert the sales price on the title. It is also suggested to have a copy on file as it can provide substantial proof for tax purposes or clarify any potential legal dilemmas. (If purchasing your vehicle from a dealership, they will generally supply you with an invoice as opposed to a bill of sale.)
How to Register a Vehicle
After purchasing a new motor vehicle, you are obligated to have it registered with the state. Mississippi grants new owners 7 days to register the vehicle from the time of purchase (9 days if the vehicle was purchased in a different county from the one you reside in). To begin the process, visit a Mississippi DOR (Department of Revenue) located at your local tax collector’s office and remember to bring the following documentation:
- The vehicle title containing the former owner’s signature.
- An MS issued driver’s license or state ID.
- An odometer reading is required if the vehicle was bought in a different state (if there is no available space to input the mileage on the title, an Odometer Disclosure Statement – Form 78-015 must be completed).
- Must provide the VIN (vehicle identification number) in order to determine tax fees.
- Come prepared with sufficient funds to pay any registration or tax costs.
(Proof of insurance is NOT required to register your vehicle in the state of Mississippi, however, you must have an active insurance policy to operate your vehicle legally within the state.)
How to Write
Step 1 – Download in Abobe PDF.
Step 2 – Vehicle Details – Insert the various vehicle details within the first section of the bill of sale:
- Odometer reading
- Seller registration #
- Check either “Yes” or “No” if you have filed an application for title previously.
Step 3 – Identifying the Seller and Buyer – The next section instructs you to fill in the following information regarding who is involved in the sale:
- Seller’s Full name
- Buyer’s Full Name
Step 4 – Transaction Details – Provide answers to the following vital inquiries concerning the sale:
- Sum (what is the vehicle being sold for, in dollars)
- Is the vehicle a gift? (If so, check the box and state the relationship between the individuals involved.)
Step 5 – Signatures – Buyer and seller must both provide their signatures on the designated line, as well as the date of signing.
Step 6 – Copy – There is a duplicate form below the initial one. Complete the second form as you did the first and cut at the indicated line. Both parties can now retain a copy of the form.