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Message
Need help regarding car sale out of state
Posted on 5/19/18 at 10:03 am
Posted on 5/19/18 at 10:03 am
I am looking at a vehicle in south MS listed for private sale but am unsure of how the details of the process would work. I'm looking for any guidance as I, being the cheap person I am, have had the same car since high school and have no experience purchasing a vehicle.
I live in LA, car owner is in south MS. Carfax is clean, the vehicle looks good and asking price reasonable. Questions I have, should I decide to buy after look, test drive, and mechanic inspection are as follows:
I intend to pay cash (i.e. cashier's check) but my bank is not located in MS. Can/should I pay with a personal check since there are my bank doesn't have a branch near seller and have him deposit immediately?
If the private transaction is made, do we need to transfer titles that day so that both parties are present? If so, how does this work if the vehicle will need to be registered in Louisiana? Would I have to pay sales tax in MS or LA?
Please excuse my ignorance on the topic. I appreciate any insight. I am looking into this private sale as it seems the best deal I have seen but I don't want to get screwed on sales tax, multiple trips, DMV visits, etc that would make it a bigger headache than its worth in monetary savings.
I live in LA, car owner is in south MS. Carfax is clean, the vehicle looks good and asking price reasonable. Questions I have, should I decide to buy after look, test drive, and mechanic inspection are as follows:
I intend to pay cash (i.e. cashier's check) but my bank is not located in MS. Can/should I pay with a personal check since there are my bank doesn't have a branch near seller and have him deposit immediately?
If the private transaction is made, do we need to transfer titles that day so that both parties are present? If so, how does this work if the vehicle will need to be registered in Louisiana? Would I have to pay sales tax in MS or LA?
Please excuse my ignorance on the topic. I appreciate any insight. I am looking into this private sale as it seems the best deal I have seen but I don't want to get screwed on sales tax, multiple trips, DMV visits, etc that would make it a bigger headache than its worth in monetary savings.
This post was edited on 5/19/18 at 11:57 am
1
Posted on 5/19/18 at 3:02 pm to Freebird11
Any bank will accept your cashiers check.
Get the title at the time of transaction if possible.
You will pay taxes and registration fees where you live.
I would recommend talking to your local DMV to clear up any other questions.
Get the title at the time of transaction if possible.
You will pay taxes and registration fees where you live.
I would recommend talking to your local DMV to clear up any other questions.
Posted on 5/19/18 at 10:53 pm to ATLdawg25
Contact the state OMV in which the car is titled. Ask these questions to them. Do not give anyone money without walking out with a Bill of Sale, the Title and the vehicle.
This post was edited on 5/19/18 at 10:56 pm
Posted on 5/19/18 at 11:51 pm to GFunk
quote:
. Do not give anyone money without walking out with a Bill of Sale, the Title and the vehicle.
Posted on 5/20/18 at 11:19 am to Jimmy2shoes
I live in Virginia and bought a truck from my aunt in Louisiana in Nov. 2016. I flew down paid her and got all the above paperwork and then drove it back up here. Well, didnt register it in Virginia until May 2017(I paid my registration and the sales tax at this time). A couple of months back I get a bill from the Virginia DMV for $237. It was a personal properties tax bill from Nov. 2016 to May 2017 for time it wasnt registered. They used the bill of sale to do this!
NEVER choose to live in a state that has personal property tax! They will screw you over just because you own a vehicle yearly!
NEVER choose to live in a state that has personal property tax! They will screw you over just because you own a vehicle yearly!
Posted on 5/20/18 at 11:40 am to OU812
If you live in Virginia you could have just delivered the vehicle to yourself. Your state has the most lax, amazingly liberal electronic/online notarial act laws in America and by extension Earth.
Notarize.com operates there. They just tried to make a push here because of their inability to notarize Civil Law related documents. It was killed during the regular session that just concluded.
Notarize.com operates there. They just tried to make a push here because of their inability to notarize Civil Law related documents. It was killed during the regular session that just concluded.
This post was edited on 5/20/18 at 11:42 am
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