New Mexico MVD Bill of Sale

Want to know how to fill the New Mexico MVD bill of sale form? Then you are in the right place. We have discussed how to fill the form? When It is used? How is it used? So you want to find the answer and stay with us. We have explained every answer in detail. The bill of sale is used in every state of the United States of America but every state has its own format to write the bill of sale form. Many states require notarization in the bill of sale form so allow us to explain to you the MVD bill of sale in detail.     

Bill of Sale For New Mexico

New Mexico DMV Bill of Sale

The New Mexico MVD bill of sale (MVD- 10009) is used when a trade is being executed related to a vehicle. When you are trading you need strong proof that the trade has been legally done. The bill of sale is considered as a legal document as well. The bill of sale works as a sale slip for the trade and it is also a necessary document when it comes to transferring the ownership. You have to attach the bill of sale form with the transfer ship application. The MVD bill of sale In new Mexico requires Notarization.  

How To Write A Bill of Sale

Step 1 – Vehicle or Vessel Details 

  • Write the amount in Dollars (number)New Mexico DMV Bill of Sale
  • Year
  • Make
  • Model
  • Type 
  • Vehicle Identification Number (VIN) 
  • License Plate 
  • State

Step 2 – Vehicle Odometer Reading 

  • Odometer Reading 
  • Mention if any odometer repairs and mechanical issues 

Step 3 – Signatures 

  • Seller’s Printed Name
  • The Seller must provide complete Address
  • Seller’s Signature
  • Buyer’s Printed Name
  • Provide Buyer’s complete Address
  • Buyer’s Signature

Step 4 – Information regarding sellers –

  • Enter Seller’s name 
  • Seller’s Address
  • Seller’s Driver’s License 
  • City
  • State
  • Zip Code 
  • Enter Buyer’s Name
  • The Buyer must provide complete Address
  • Buyer’s State ID Proof 
  • Buyer’s Driver’s License 
  • City
  • State
  • Zip Code

How To Use The Bill of Sale At New Mexico MVD?

The New Mexico MVD bill of sale is used when a trade is being executed between two entities related to a vehicle or vessel. The MVD bill of sale is attached to the ownership transfer application. So the New Mexico bill of sale is considered as a legal document. You have to notarize the form by going to a notary public office.  

New Vehicle Registration In New Mexico 

If you want to register the vehicle then you must be a resident of New Mexico state. Without Title and registration, you can use the vehicle on the roads. If you have purchased a vehicle from a licensed dealer then usually the dealer submits all the documents to the local MVD office. If the dealer does not provide you with this service then you will have to go in person to register the vehicle in your nearest MVD office. Whether you have purchased a vehicle from an individual then you will need the New Mexico MVD bill of sale to register the vehicle.

Renewal Of Vehicle Registration In New Mexico

Once you receive the title in the mail you can see the expiry date of the title. Every title has its expiry period so you will have to renew the title and registration after that period. You will get a reminder from your local MVD office in your mail if in case you do not get the reminder then you should keep in mind. Or else you will have to pay late renewal fees. You have to renew under the New Mexico MVD Bill of sale.

Necessary Documentation For New Mexico MVD

  • Fill the Application for vehicle title and registration( Form 10002 )
  • New Mexico MVD bill of sale 
  • Title of the vehicle 
  • Current Insurance Details which meets the laws of New Mexico state.
  • State ID poof 
  • You have to provide income and residence proof: Bank Statement or payslip
  • If the vehicle is a gift the seller must provide the Affidavit of gift motor vehicle ( Form MVD – 10018 ).
  • A lien release certificate is required ( If it is applicable). Then fill the ( Form MVD – 10041)
  •   You will have to pay processing fees 

Frequently Asked Questions

1. Does New Mexico require a bill of sale?

Yes, The New Mexico DMV bill of sale is required to register the vehicle. It is considered a legal document and it provides safety for both parties.

2. How much is a title transfer in New Mexico?

Once you have purchased the vehicle you will have to visit your local DMV office to register the vehicle. You must be ready to pay $27 to $62 for your title fees it might depend on the vehicle price and age.

3. What are the tax title and license fee in New Mexico?

The buyer has to pay sales, title fees, and license plate fees if he/she purchases a vehicle. In New Mexico you might need to pay 4% sales tax it depends on the vehicle also so you can visit your local DMV office to confirm.

Wrap Up

We hope that after reading this article on the New Mexico MVD bill of sale you might have gained some more information about the bill of sale. If you live in a different state then you can check our website. We have all the MVD bill of sale articles. If you have any questions then leave us in the comment section below. If you wish you can give us feedback in the comments. Mississippi DMV Bill of Sale is also quite similar to that of New Mexico so you can have the information.