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For most private vehicle sales in New Mexico, a bill of sale is not required. However, if the purchase price or odometer statement are missing from the title, then a bill of sale (form MVD-10009) is required.
New Mexico is a 'Vehicle Plate to Owner' state.
Used Car Title Transfers Titling a used vehicle requires the same documentation as it does for titling a new vehicle with a few exceptions: Gift Transfers ? If you received your vehicle as a gift, then you will need the original affidavit of the transaction containing notarized signatures from both parties.
A lienholder will only remove a lien after the loan debt has been paid off. After the loan has been paid off, the lienholder will send you one of the following: A completed ?Release of Lien? form, on Motor Vehicle Division (?MVD?) of New Mexico letterhead. A completed ?Release of Lien? section on the vehicle title.
The total amount you will pay for a vehicle title transfer in New Mexico depends on the age and value of your vehicle. The combined fees of the vehicle registration and vehicle titling fees range from $27 to $62 per year. If you qualify to only obtain the vehicle's title, this fee is $5.
Any individual who purchases a vehicle, whether in New Mexico or any other state, must generally obtain title in their own name before selling the vehicle.
We are required to collect the following information per CVC §5900: Description of the vehicle or vessel, including the: ... New owner's name and address. Vehicle odometer reading as of the sale or transfer date. Date of sale. Seller's or lessee's name and address.
If you want to get only a Certificate of Title, the New Mexico MVD will issue a title without registering the vehicle or issuing a license plate, under a limited number of conditions, as outlined below. In all cases, you will need to show the MVD one proof of identity and two proofs of New Mexico residency.