Mississippi Vehicle Bill of Sale and Promissory Note
Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms
Used for the sale of a vehicle like a car, van, truck, trailer or motorcycle with installment payments. It offers the option to sell the vehicle "as is" or with a warranty.
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The Automobile/Vehicle Bill of Sale form in this packet is designed to document the terms and conditions of the transaction and to protect the rights of both the seller and buyer. This legal form is also helpful for accounting and tax purposes and includes the make, model, year, mileage, and vehicle identification number (VIN) of the vehicle. The buyer can use an Automobile/ Vehicle bill of sale form to help prove ownership of the vehicle.
An Odometer Disclosure Statement is also included in this packet since federal law provides that the seller reveal the mileage upon transfer of ownership.
This Vehicle Bill of Sale form also allows the option to sell the vehicle “as is” or with some type of express warranty.
The Promissory Note for Purchase of Vehicle that is also part of this packet, is useful to protects the seller and to avoid possible problems in the future, and permits payment in monthly installments.
This Automobile/Vehicle Bill of Sale and Promissory Note packet also include simple instructions that guide you through each provision making it simple to easily understand the terms of your legal document.
These Important provisions are included in this Mississippi Automobile / Vehicle Bill of Sale and Promissory Note:
- Consideration paid: This provision indicates the sum paid for the vehicle and also can be used by the buyer to prove that valuable consideration was paid for the vehicle;
- Name and Address of Seller and Buyer : Identifies and locates the parties to this sale in case of a dispute;
- Make/ Model/ Year/ Mileage/ Vehicle identification number:Identifies the vehicle being sold;
- Covenant of Ownership: Seller warrants that he/she is the true owner of vehicle and has the right to sell the vehicle;
- Encumbrance Covenant: Seller warrants that the vehicle is free from any lien, security interest or other encumbrance;
- Defend Covenant: Seller will defend vehicle against any claims or demands.;
- Optional AS-IS Clause: Seller is not making any implied or express warranties as to the condition of the vehicle;
- Promissory Note: Documents the terms and conditions for the Promissory Note, including amount, payments, interest rate and vehicle information;
- Odometer Disclosure Statement: Under Federal Law, the seller must disclose the mileage upon transfer of ownership;
Protect Yourself, Your Rights, and Your Property, with our up-to-date forms.
This packet prepared by lawyers contains:
- Step by Step Instructions, easy to use checklist, and important facts for the Mississippi Automobile / Vehicle Bill of Sale and Promissory Note;
- Automobile / Vehicle Bill of Sale;
- Promissory Note for Purchase of Vehicle;
- Odometer Disclosure Statement.
Mississippi Vehicle Bill of Sale and Promissory Note
Product Details
| Product | Mississippi Vehicle Bill of Sale and Promissory Note |
| Country | United States |
| Pages | 7 |
| Dimensions | Designed for Letter Size (8.5" x 11") |
| Printer compatibility | Designed to print on all ink-jet and laser printers |
| Editable | Yes (.doc, .wpd and .rtf) |
| Format |
Microsoft Word Adobe PDF WordPerfect Rich Text Format |
| Platform |
Windows Compatible Mac Compatible Linux Compatible |
| Availability | In Stock. Instant Download |
| Usage | Unlimited number of prints |
| Category | Vehicle Bill of Sale and Promissory Note |
| Product number | #17139 |
| Download time | Less than 1 minute (approx.) |
| Document Access |
Via secret online address Email with download links Email with attachment upon request |
| Refund Policy | 60 days, no-questions asked, 100% money back guarantee |
Frequently Asked Questions
A Mississippi Vehicle Bill of Sale is a legal document that records the sale of a vehicle, outlining the terms of the transaction, including payment details, vehicle information, and the rights of both the buyer and seller.
Yes, federal law requires that the seller disclose the vehicle's mileage at the time of sale. This statement is included in the form to ensure compliance and protect both parties.
Absolutely. The form includes an optional as-is clause that allows the seller to sell the vehicle without any warranties regarding its condition, protecting them from future claims.
If the buyer defaults on the payment terms outlined in the promissory note, the seller has legal recourse to reclaim the vehicle or seek damages as specified in the agreement.
Yes, this packet is designed to comply with the laws of Mississippi, ensuring that all necessary legal requirements are met for the sale and transfer of the vehicle.
Is This Form Right For You?
Use This Form If:
- Individuals who are selling a vehicle and wish to receive payments over time can utilize this form to ensure that both parties are protected. This document outlines the payment terms and conditions, making it clear how much is owed and when.
- In situations where a buyer is purchasing a vehicle but cannot pay the full amount upfront, this form allows for a structured payment plan. It ensures that the seller has legal recourse in case of non-payment while providing the buyer with a means to acquire the vehicle.
- To comply with federal regulations, sellers must disclose the vehicle's mileage during the sale. This form includes an odometer disclosure statement, which is essential for legal compliance and protects both parties from future disputes.
- For those looking to sell a vehicle without providing warranties, the as-is clause included in this form protects the seller from liability regarding the vehicle's condition. This is particularly useful for private sales where the seller does not want to be held responsible for potential issues after the sale.
- When transferring ownership of a vehicle, having a detailed bill of sale is crucial for proving ownership. This form serves as a legal record that can be used for registration and title transfer purposes.
Do Not Use If:
- – This form is not appropriate for vehicles that are being sold for parts only, as it is intended for complete vehicle sales. In such cases, a different type of documentation may be required.
- – If the vehicle has existing liens or encumbrances, this form should not be used without addressing those issues first. Selling a vehicle with outstanding debts can lead to legal complications.
- – In situations where the seller is not the legal owner of the vehicle, this form cannot be used. The seller must have clear ownership and the right to sell the vehicle to use this documentation.
- – For transactions involving commercial vehicles or businesses, specialized forms may be necessary to comply with additional regulations and requirements that this form does not cover.
- – If the buyer and seller are not in agreement on the terms of the sale, this form should not be used until all parties have reached a consensus on the details.
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Save Money by getting our popular Bills of Sale forms together in one convenient packet
Save Money by getting our popular Vehicle Bills of Sale forms together in one convenient packet
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