Readers ask: What Do I Need To Sell My Car New Mexico?

What paperwork do I need to sell my car in New Mexico?

What paperwork do I need to privately sell a car in New Mexico?

  • Certificate of Title.
  • Bill of Sale, if applicable (form MVD-10009)
  • Lien Release, if applicable (form MVD-10041)
  • Notice of Vehicle Sold (form MVD-10048)

Does a New Mexico bill of sale need to be notarized?

Both the donor and the recipient must sign the Affidavit of Gift of Motor Vehicle or Boat and have their signatures notarized (MVD Form 10018). Dealer’s Invoice is required only when the title transaction involves a dealer sale. The dealer’s invoice must be the original or a certified copy.

What do I need to transfer a car title in NM?

In order to register and transfer a car title, you will need proof of identity and a drivers license will suffice. You will need proof of residency, such as mail addressed to you or a utility bill, and you will need proof of car insurance. You will need the title itself, signed by the seller.

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How do I get a title with a bill of sale?

Tips to get a car title with your bill of sale.

  1. Go to your DMV with your bill of sale and any other required identification documentation.
  2. Buy a surety bond, which ensures your vehicle is clear of any problems, allowing you to be listed as the new owner.
  3. Secure a bonded title.
  4. Register your vehicle.

Is a handwritten bill of sale legal in New Mexico?

Yes. A New Mexico bill of sale is required. New Mexico requires that you use MVD Form 10009 as your bill of sale.

Where can I buy a bill of sale?

You may be able to get a bill of sale form from your local department of motor vehicles or from your county tax assessor-collector’s office. You can also write out your own bill of sale.

Can I register my vehicle in New Mexico online?

Register a New Vehicle. MVD Forms are available online, or at any MVD Field Office.

How much does it cost to transfer a car title in NM?

Title transfers will cost $17, and the registration will vary depending on the type of vehicle, and the duration of the registration (1 or 2 years). Costs can be as low as $27 or as high as $207.

What do I need to bring for a title transfer?

What Do I Need To Transfer A Car Title?

  • Completed Title Transfer Application Form, signed by you and possibly notarized.
  • Proof of Car Insurance Coverage.
  • Insurance Policy Documents with Name and Date.
  • All Vehicle Documents from Seller, Like the title and possibly a Bill of Sale.
  • Driver’s License or Government Issued ID.
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How much is sales tax on a car in New Mexico?

The Motor Vehicle Excise Tax applies to the sale of every motor vehicle that must be registered in the State of New Mexico. We presume that every time a vehicle is titled, a sale has occurred and the motor vehicle excise tax is due. The tax is 4% of the price paid for the vehicle less any trade-in credit.

Is a bill of sale a legally binding document?

In simple terms, a bill of sale agreement is nothing more than a contract for the purchase of a vehicle between a buyer and a seller. In most cases, the contract is legally binding between buyer and seller as long as the bill of sale follows guidelines required in the state where the sale or transfer takes place.

Is a bill of sale the same as a title?

What is a title? In short, you need a bill of sale in order to obtain a title. While a bill of sale certifies a transfer of ownership between two parties, a title certifies the buyer’s legal ownership. It’s the final step in the process and proves that the buyer is the legal owner.

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