Mississippi Trailer Bill of Sale Form
A Mississippi trailer bill of sale form strategically presents the information concerning a trailer transaction. In the first section, each person’s full names, home addresses, phone numbers, and emails become known. Next, the individual filling out the form enters the trailer’s identifying details, such as its make, length, and vehicle identification number (VIN). Both parties can also list additional terms of the sale, which can prove crucial when gifting or trading the trailer. Most importantly, the document must contain the purchase price and signatures from the buyer and seller to have legal power. Otherwise, the state can turn it away, thus rendering it useless.
What is a Mississippi Trailer Bill of Sale?
A Mississippi trailer bill of sale informs interested parties of a purchase made between a buyer and seller. It highlights the main points of the transaction, like the names of both individuals, the sale price, and the purchase date. The primary purpose of a trailer bill of sale is to prove the change in ownership that occurred when the buyer paid the seller. For legal reasons, neither person should exchange the property or funds until they both sign the form. This step protects both parties from scamming or engaging in illegal transactions.
How to Register a Trailer (3 Steps)
After making a trailer purchase, the new owner has seven (7) days to submit the registration and/or titling paperwork to their nearest county tax collector’s office. Nonresidents moving to Mississippi have a grace period of thirty (30) days to complete this task.
Per state law, boat and utility trailers must have a registration to operate. Furthermore, they only need a title if they weigh more than 5,000 pounds gross vehicle weight (GVW). Trailers that weigh less than 5,000 pounds GVW do not need a title; however, the owner can apply for it if they wish to do so. Under all circumstances, the vehicle(s) pulling the trailer must have an active insurance policy, registration, and title.
The seller must remove the previous license plate before giving the trailer to the buyer. Individuals cannot transfer plates to another hauler or person. Instead, they must bring them to their tax collector’s office, which disposes of them and officially removes the seller as the owner.
Step 1 – Title
The previous owner must sign the trailer over to the new owner if it requires a title. They complete this task by reviewing the document and filling in the request information. Likewise, the buyer must acknowledge it by entering their full name and signing.
Per state law, the title must list the trailer’s purchase price. If it does not, the buyer and seller must complete and sign a bill of sale stating the sale amount. Transactions involving children, parents, spouses, grandparents, and grandchildren also require both parties to finalize an Affidavit of Relationship.
Step 2 – Registration
All trailers in Mississippi need registration. This requirement includes utility, boat, and farming pull-behinds. Owners must visit their county’s tax collector to submit the mandatory documents and payment. Most locations require an appointment, although individuals should defer to their specific office for more information.
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Step 3 – Renew
Mississippi trailer registrations last for one (1) calendar year. Residents must pay on time to avoid late fees and other penalties. Renewals can happen via mail, online, or face-to-face, depending on the owner’s preference. In addition, they must have the appropriate form of payment available for the method selected. For example, if they renew online, they must use a credit or debit card, whereas they can pay by check in person or by mail.