Selling a car in Mississippi involves preparing the vehicle, setting a price, finding a buyer, and handling the paperwork, including a Bill of Sale and a title transfer. The most critical step is properly signing over the title to release you from liability. For a private sale, you'll need to complete a Bill of Sale and the title transfer with the buyer. If selling to a dealer, they typically handle most of the paperwork.
Key Steps for a Private Sale in Mississippi:
- Gather Your Documents: You must have the vehicle’s Certificate of Title. If you have a loan on the car, the lienholder has the title, and you must pay off the loan first. You'll also need your driver's license.
- Prepare the Vehicle: A clean car sells faster. Consider getting a pre-sale inspection and fixing minor issues. Gather maintenance records to show potential buyers.
- Determine Your Asking Price: Research your car’s value using online tools like Kelley Blue Book (KBB) or Edmunds. Consider the vehicle's condition, mileage, and local market demand.
- Advertise the Car: Take clear, high-quality photos. List the car on online marketplaces (e.g., Facebook Marketplace, Craigslist), and use "For Sale" signs in the windows.
- Handle the Sale Safely: Meet potential buyers in safe, public locations. Accompany them on test drives after checking their driver's license.
- Complete the Paperwork: This is the most important part. You and the buyer must complete the Bill of Sale (which includes the sale price, date, and vehicle details) and sign the Certificate of Title over to the buyer. You should keep a copy of both for your records. Mississippi does not require a notary for the title transfer.
- Release of Liability: While Mississippi doesn't have a formal release of liability form, you should complete a Notice of Sale (Form 78-002) and submit it to the Mississippi Department of Revenue. This officially notifies the state that you are no longer the owner, protecting you from future tickets or liabilities associated with the vehicle. Keep your copy of the Bill of Sale as proof of the sale date.
| Step | Document/Form Needed | Key Action | Responsible Party |
|---|
| 1. Preparation | Vehicle Title, Maintenance Records | Clean the car, set a price. | Seller |
| 2. Advertising | Photos, Vehicle Description | List the car online or with signs. | Seller |
| 3. Negotiation | N/A | Conduct test drives, negotiate price. | Seller & Buyer |
| 4. Final Sale | Certificate of Title, Bill of Sale | Sign over the title, complete Bill of Sale. | Seller & Buyer |
| 5. Post-Sale | Notice of Sale (Form 78-002) | Submit form to MS DOR to release liability. | Seller |