Buying a Car

When buying a car in Mississippi, there are some tasks you need to fulfill in order for the transaction to be considered valid. The first question you should ask yourself is if you are buying it in Mississippi or from somewhere else. If you are buying a car in Mississippi, then no import tax applies to the vehicle. If a Mississippi resident purchases a car that is valued below that same exact car in Mississippi, then you will have to pay a four percent tax on what that car's value is in Mississippi. Because transportation costs are a main factor in Mississippi's consumer price index, which is higher than the national average, importing goods is expensive. Thus, Mississippi must assess a tax to maintain their state budget.