Mississippi Bill of Sale (Communications Equipment)
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How to fill out Bill Of Sale (Communications Equipment)?
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FAQ
The state of Mississippi requires that you buy your tag within seven working days of the car's purchase date to avoid penalties. You have a 15 day grace period for renewing your car tag without penalties. Mississippi does not have a temporary tag or drive out tag.
Bills of sale should contain all information that may be necessary to verify the identity of the buyer, seller, and item, including: A description and identifying information for the sold item. Terms and conditions of the sale. Purchase price. Date of sale. Contact information and signatures from the buyer and seller.
Any person proving ownership or any lienholder may claim the abandoned motor vehicle at any time prior to the sale by paying towing, repair, reasonable storage and other necessary expenses.
A bill of sale is required when applying for a title in Mississippi. Some dealers provide an invoice in lieu of a title, which they stamp with a phrase stating that it is a bill of sale. This is acceptable by the state, as long as it is signed by the seller.
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.
If you are planning either to buy or sell a vehicle and that vehicle's title is missing, the owner of the vehicle must apply for a duplicate title. The sale is not valid without a properly assigned title.
A Mississippi bill of sale needs to include details that clearly identify the seller, buyer, and property being transferred. It should also record the details of the transaction itself, such as the price and date. The bill of sale should indicate if the property is being accepted by the buyer in as-is condition.
To determine how much your tag will cost, you will need to contact your local county Tax Collector. In Mississippi, you pay privilege tax, registration fees, ad valorem taxes and possibly sales or use tax when you tag your vehicle. Registration fees are $12.75 for renewals and $14.00 for first time registrations.
