How to Get a Bill of Sale in Mississippi
A Mississippi DMV bill of sale is often filled out during a vehicle sales transaction. An MS bill of sale form may be required in completing several vehicle-related transactions with the Department of Revenue (DOR). Submitting an MS car bill of sale document is generally necessary during a title transfer procedure, but under specific circumstances only. It is not uncommon for a vehicle bill of sale template to be utilized when calculating sales taxes, as the form includes the exact purchase price.
The other details contained within this document may also prove useful in resolving any potential disagreements between the interested parties of the transaction. Motorists who need to provide the DOR with this credential may use a generic form for this purpose, and present it along with the corresponding paperwork for the transaction being carried out. For more detailed information about how to write a bill of sale or when such document is required by the state DOR, continue reading the sections below.
When is a bill of sale necessary in Mississippi?
There are several instances when a Mississippi DOR bill of sale may be necessary to conduct a certain procedure through the state Department of Revenue. As a general rule, submitting a valid MS bill of sale PDF or printout is necessary for motorists finalizing a transfer of vehicle title only under certain conditions. When transferring ownership of a vehicle, the seller must assign the car title to the new owner by completing specific documentation and including the required information.
Overall, a bill of sale form will only be necessary if the title assignment does not include the purchase price. Otherwise, such document will not be required for the completion of the title transfer. In addition, this credential will also be necessary when applying for an imported car registration or title. Moreover, motorists who have purchased a vehicle through car dealerships may be issued an invoice rather than this official credential.
On the other hand, this invoice may be utilized as a vehicle bill of sale if it displays the appropriate stamp and is signed by the seller. The information contained within this document is also generally important for tax collector offices to be able to calculate the applicable sales taxes. Finally, the details displayed in a bill of sell may prove useful in resolving any legal disputes over the vehicle’s ownership between the seller and the purchaser.
Note: For a detailed list of the vehicle-related transactions that require an MS bill of sale, contact the state’s Department of Revenue.
Who needs a Mississippi bill of sale?
Completing a bill of sale form in Mississippi is an important part of a sales transaction. Even a generic bill of sale template may benefit the buyer and the seller, as they will be able to prove the change of ownership whenever necessary with this document. Buyers can utilize their copies of this credential to confirm that they have arranged payment for the agreed-upon purchase price and that they are the new owners of the vehicle in question.
In addition to this, a car bill of sale agreement is generally necessary for calculating taxes. Furthermore, the buyer may also need this credential in order to apply for a car title for his or her newly-purchased vehicle, provided the title assignment does not have the transaction’s purchase price listed.
Having an MS copy of bill of sale may be equally useful for sellers, as they can also utilize this affidavit to confirm they no longer own the vehicle in question. This may be especially important for the purposes of avoiding liability for any fines or penalties accrued by the buyer once the process of buying a car has been completed.
How to Complete a Bill of Sale Form in Mississippi
Regardless of whether a Mississippi car sale receipt is necessary for finalizing a title transfer or resolving a legal issue between the seller and the buyer, this credential will require individuals to provide specific personal and vehicle-related information. A sample bill of sale template form usually includes the following details:
- A full description of the vehicle, including year, make and model.
- The vehicle identification number (VIN).
- The printed names and addresses of the buyer and seller.
- The exact date of purchase.
- The total amount of sale.
- The interested parties’ legal signatures.
In the absence of a bill of sale form provided by the state’s Department of Revenue, individuals can always use a generic form to complete their transaction.
Furthermore, ordering a vehicle history check prior to completing a used car bill of sale is in the best interest of both ends of the transaction, so as to verify the accuracy of the information they list on the form.