The New Mexico vehicle bill of sale (Form MVD-10009) is a legal document used for registering private sales of vehicles between residents of the state. It is not mandatory to complete the bill of sale form in New Mexico for the vehicles that have the title of ownership. However, when a person buys a vehicle without the title of ownership, the bill of sale is required for the legalization of the sale. The bill of sale template should include all relevant details about the vehicle (make, model, year of manufacture, and VIN), details and contact information of the seller and buyer, and the price of the sale. After this information is filled into the form, both the buyer and seller sign it and add the date of the sale to it.
New Mexico bill of sale forms – find out more about bills of sale related to different property types in the State of New Mexico.
Those who want to register their newly acquired vehicle have to submit the relevant package of documents to a local MVD office:
Fees for the registration of used motor vehicles in New Mexico are set depending on the vehicle type, starting from $27 and ending with $62 (for one year) or $54-124 for two years of registration.
The seller of the vehicle has to complete a Notice of Vehicle Sold form (MVD-10048) pursuant to Section 66-3-101(A) of NMSA 1978. This form should be sent by mail to the Motor Vehicle Division of Santa Fe or online. The document notifies the relevant state agencies about the fact that the vehicle previously owned by the seller has been transferred to another person and is no longer in this resident’s possession. The Notice should include the VIN number of the sold vehicle, its make, model, model year, license plate number, and the date of the sale. The vehicle’s odometer mileage at the moment of transfer is also recorded in the notice. Inclusion of wrong details into the notice is regarded as perjury per the Motor Vehicle Code and is legally prosecuted as a fourth-degree felony.
The directions below are based on our custom-made bill of sale form. We strongly advise using the local official version if possible.
Step 1: Specify the bill of sale creation date.
Step 2: Enter the specifics of both sides (purchaser and seller):
Step 3: Fill out the information regarding the vehicle you’re trying to sell:
Step 4: Now, you will need to indicate the way in which you’ll get money for the deal.
Type in the purchase date and write the full amount that has to be paid for the vehicle. Next, decide on one selling method:
Next, pick one payment method:
Finally, specify whether the purchase amount includes all applicable taxes.
Step 5: Read through the miscellaneous provisions.
The “as-is” provision indicates that the seller gives no warranties and isn’t liable for maintenance after the transfer.
Step 6: Now, the bill of sale must be signed.
For most states, the signature of the buyer isn’t required. Nonetheless, it’s advised to get the bill of sale signed by all sides. You could also have one or a number of witnesses verify the deal.
Step 7: Use the assistance of a notary public
Notarization is typically not mandatory, but it can be a decent approach to create an additional level of legal protection to your transaction.
In the majority of states, a bill of sale form may be required in the course of title change, so the purchaser should keep the original. As a seller, you may either create a copy and store it or have a pair of identical documents signed and completed by both parties.